Obama Diverts $500M to IRS to Implement Obamacare

Monday, 09 Apr 2012 11:35 AM

By Newsmax Wires

  Comment  |
   Contact  |
  Print  
|  A   A  
  Copy Shortlink
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.



© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Blasts, Gunfire in Kabul After Suicide Bomber Hits UK Embassy Car

Thursday, 27 Nov 2014 07:49 AM

Gunfire and explosions rocked Kabul Thursday as Taliban militants attacked a central district that houses several embass . . .

Pope Condemns Islamic State Violence

Thursday, 27 Nov 2014 12:33 PM

On the eve of a trip to the Middle East, Pope Francis is urging religious and political leaders to speak out against att . . .

Breitbart: Govt Report Says Congress Can 'Defund' Amnesty

Thursday, 27 Nov 2014 12:05 PM

Breitbart News reports that the Congressional Research Service , a nonpartisan branch of the Library of Congress , concl . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

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