Frank Pallone: “my committee, the Energy and Commerce Committee today, put out a report essentially that talks about the impact of…”

“my committee, the Energy and Commerce Committee today, put out a report essentially that talks about the impact of repealing the health care reform law in each congressional district, district by district. I have the information on my congressional district, the Sixth in New Jersey, that talks about the tax credits for small businesses, and it says in this report that the health reform law provides tax credits to small businesses worth up to 35 percent of the cost of providing health insurance. There are up to 18,200 small businesses in my district alone that are eligible for the tax credit. And, of course, repeal would force these small businesses to drop coverage or bear the full cost of coverage themselves. The bottom line, every small business owner I know wants to provide coverage. It's just a question of whether they can afford it. And what we do in the bill is make it affordable by giving them this major tax credit. Eighteen thousand two hundred small businesses in my district alone can benefit from it and would lose that if we repealed the bill.”