Saturday, March 20, 2010

Here's an interesting report describing how "health care reform" will be administered and financed:
Washington, DC – Today, Ways and Means Republicans released a new report detailing how the Democrats’ health care bill vastly expands the responsibilities of the Internal Revenue Service (IRS) and strengthens the heavy hand of the IRS in dealing with taxpayers. [...]

  • IRS agents verify if you have “acceptable” health care coverage;
  • IRS has the authority to fine you up to $2,250 or 2 percent of your income (whichever is greater) for failure to prove that you have purchased “minimum essential coverage;”
  • IRS can confiscate your tax refund;
  • IRS audits are likely to increase;
  • IRS will need up to $10 billion to administer the new health care program this decade;
  • IRS may need to hire as many as 16,500 additional auditors, agents and other employees to investigate and collect billions in new taxes from Americans; and
  • Nearly half of all these new individual mandate taxes will be paid by Americans earning less than 300 percent of poverty ($66,150 for a family of four.)
  • Now there's change we can believe in!

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