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Healthy Returns

Small businesses cheer the 100 percent health insurance deduction.

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This story appears in the September 1998 issue of Entrepreneur. Subscribe »

The senate debate in June about making 100 percent health insurance deductibility for the self-employed effective in 1999 catapulted that issue to the top of the congressional tax cut agenda. The debate accompanied wrangling over the tobacco bill, to which the health insurance issue was attached. In June, however, the tobacco bill was recommitted to the Senate Committee on Commerce, Science and Transportation, in effect killing it.

But at the end of July, House Republicans resurrected the 100 percent deductibility provision when they included it in their managed-care health bill, which passed by a vote of 216 to 210 on July 24.

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