[Congressional Record Volume 140, Number 134 (Thursday, September 22, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: September 22, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
  CONCERNING INTRODUCTION OF LEGISLATION TO EXTEND TAX DEDUCTION FOR 
                 HEALTH INSURANCE FOR SMALL BUSINESSES

  (Mrs. MEYERS of Kansas asked and was given permission to address the 
House for 1 minute and to revise and extend her remarks.)
  Mrs. MEYERS of Kansas. Mr. Speaker, yesterday I introduced a bill, 
with 55 original cosponsors, to make permanent the 25 percent health 
insurance deduction for small business men and women. Last year, we 
extended this tax credit in the budget resolution, but only until 
December 31, 1993. The credit allows small business people to deduct 
one-fourth of the cost of their health insurance.
  I personally would like to see this tax credit expanded, and many 
Members hoped to include a provision in any health care reform 
legislation to increase and make this tax credit permanent. However, 
since passage of a health care reform bill now looks remote, I believe 
we must, at the very least, preserve this tax deduction for our small 
businesses people. One goal of the health care reform effort was 
expanded coverage. One good way to achieve this goal is by making this 
limited deduction permanent.
  I urge you to join me as a cosponsor of this bill so that we can, at 
the very least, preserve this small, but very important benefit, for 
our Nation's small businesses.

                          ____________________