Obama Diverts $500M to IRS to Implement Obamacare

Monday, 09 Apr 2012 11:35 AM

By Newsmax Wires

Share:
More . . .
A    A   |
   Email Us   |
   Print   |
About $500 million is being diverted — outside the normal appropriations process — to the Internal Revenue Service to help implement President Barack Obama's healthcare law, The Hill reports.

The IRS is responsible for several key provisions of the new law, including the unpopular individual mandate, which calls for the IRS to administer  subsidies to help low-income people pay for insurance, which are set up as tax credits. The healthcare law also includes a slew of new taxes and fees, some of which are already in effect, including fees on drug companies and insurance policies, The Hill reports.

Republican lawmakers have tried to cut off funding for the healthcare law, at least until after the Supreme Court decides on the issue, expected in June.

“While President Obama and his Senate allies continue to spend more tax dollars implementing an unpopular and unworkable law that may very well be struck down as unconstitutional in a matter of months, I’ll continue to stand with the American people who want to repeal this law and replace it with something that will actually address the cost of healthcare,” said Rep. Denny Rehberg, R-Mont., chairman of the House Appropriations subcommittee for healthcare.

The law gives the Department of Health and Human Services (HHS) a $1 billion implementation fund to use at its discretion. Republicans have called it a “slush fund.” About half  half will go to the IRS; almost $200 million has been transferred to the tax agency in the past two years, with more than $300 million expected this year, according to figures provided to The Hill by a congressional aide.

The Government Accountability Office has said the transfers are legal and consistent with how agencies have used general implementation funds in the past.



© 2013 Newsmax. All rights reserved.

Share:
More . . .
   Email Us   |
   Print   |
Around the Web
 
Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Facebook
Twitter
Google Plus
Top Stories
Around the Web
You May Also Like

IRS May Be Reading Your Email Without a Warrant

Wednesday, 10 Apr 2013 18:55 PM

Internal Revenue Service files obtained by the ACLU show that the government agency tasked with collecting taxes may als . . .

CBS Joins Fox in Threat to Move to Cable

Wednesday, 10 Apr 2013 14:18 PM

CBS is joining the Fox network in threatening to take their broadcasts off the airwaves if Internet startup Aereo Inc. c . . .

Liberal Group Attacks Obama Budget Plan as ‘Misguided’

Wednesday, 10 Apr 2013 18:08 PM

President Barack Obama s $3.8 trillion budget released on Wednesday reflects a misguided presidential purpose, said Ro . . .

 
 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved