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House Dem wants wider eligibility for ObamaCare tax credit

Rep. Suzan DelBeneSuzan Kay DelBeneDemocrats sense momentum for expanding child tax credit Democrats say affordable housing would be a top priority in a Biden administration On The Money: McConnell not certain about fifth coronavirus package | States expected to roll out unemployment boost in late August | Navarro blasts 'stupid' Kodak execs MORE is proposing to widen eligibility for ObamaCare's small-business tax credit as a way to encourage more firms to offer health insurance.

DelBene, a Democrat from Washington state, introduced legislation Thursday making businesses with up to 50 employees eligible for the tax credits. Currently, only firms with up to 25 workers are eligible.

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The bill would also lengthen the timeframe that a small business can receive the tax credit to three years, extend the credit to firms with higher average wages and simplify certain calculations related to the provision.

In a statement, DelBene called the bill a "responsible, meaningful reform" to ObamaCare.

"Growing our economy means supporting our small businesses, and one straightforward way to do this is to help business owners with the cost of health insurance for their workers," DelBene said.

"It’s clear that the small business tax credit created under the Affordable Care — while well-intentioned policy — can be improved to better serve the needs of small businesses."

While the bill has little chance of progress in the GOP-controlled House, it is supported by the National Retail Federation and advocacy group Families USA.

Sens. Chris CoonsChristopher (Chris) Andrew CoonsPush to expand Supreme Court faces Democratic buzzsaw Sunday shows - Trump Michigan rally grabs the spotlight Democratic Delaware senator says he is open to expanding the Supreme Court MORE (D-Del.) and Jeff MerkleyJeffrey (Jeff) Alan Merkley Senate Democrats call for ramped up Capitol coronavirus testing The Hill's Morning Report - Sponsored by The Air Line Pilots Association - Trump, Biden renew push for Latino support Sunday shows - Trump team defends coronavirus response MORE (D-Ore.) introduced companion legislation in the upper chamber.