Self-Employed Health Care Affordability Act of 2006

The Self-Employed Health Care Affordability Act of 2006 (H.R. 4961) proposes a change to the tax code that would allow self-employed individuals to deduct the cost of their health insurance premiums when calculating their net earnings. Under this legislation, these insurance costs would be treated as a business expense, effectively lowering the amount of self-employment tax owed. The goal of the bill is to provide independent workers and small business owners with the same tax advantages for health care costs that are currently available to larger corporations and their employees.