Legislation introduced in the House would create tax credits of up to $1,000 for individuals and up to $3,000 for families to help pay for health insurance. The credits could be taken either as advances or tax refunds to cover 90% of premiums up to the established limits. The bill was introduced by Reps. Collin Peterson (D-Minn.) and J.D. Hayworth (R-Ariz.). The full tax credit would be available to individuals and families with annual incomes of less than $15,000 and less than $25,000, respectively. Partial credits would be available on a sliding scale to individuals and families earning up to $30,000 and $60,000. In the Senate, Majority Leader Bill Frist (R-Tenn.) introduced similar but more comprehensive legislation in March. -- by Tony Fong
Bill would create tax credits for health insurance
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