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COLORADO SPRINGS, COLO. --

Frank Shannon and Jim Woods both own their own small businesses in Colorado Springs. And both don't provide full health care coverage to their employees because they can't afford to.

But once the President signs the bill into law small business, owners who provide a health care plan to their employees will immediately receive a 35 percent tax credit.

"We don't need tax credits, we need orders, we need work and that's the bottom line," said Shannon. Shannon owns his own metal finishing company in the Springs and employs eight workers.

While he believes America needs health care reform, he doesn't believe this bill is the way to do it, nor does he believe it will make insurance affordable enough for his company to provide.

"Most groups of businesses are against this. The National Federation of Independent Business (NFIB), the Chamber of Commerce and National Retail Federation. All the large organizations that have looked at this carefully have said this is going to kill jobs, this is going to raise expenses," argued Republican Congressman Doug Lamborn.

This is where Woods disagrees. He owns a management consulting company and employees five people.

With the tax credits and government stipends, he says, "Now you're able to conserve cash and hire more workers that you would never have thought you could before," explained Woods. "That opens the door up for more cash flow to do more innovating, which stimulates the economy."

"Passage of this health care bill gave us the opportunity to actually vote on one of the largest deficit reduction bills in the history of Congress," explained Democratic Congressman John Salazar.

Although both sides cite a slew of statistics to support their predictions, at this point that is all they are is predictions. Just what the exact impact of the health care bill will be on small businesses and America as a whole is yet to be seen.

But in the meantime it's a good guess that both sides will be keeping a close watch on everything that unfolds for political gains this fall.