Federal health law may cost small businesses

By XINJUAN DENG

Capital News Service

LANSING – Some small businesses say they will be hurt by a “hidden” tax under the two-year-old federal health overhaul.

U.S. Rep. Gary Peters, D-Bloomfield Township, said the act provides $40 billion in tax credits during the next decade to help small businesses pay health insurance premiums.

The law lowers the cost of health care, Peters said, which saves small businesses money.

However, some small business people disagree. Continue reading