Obamacare Gives IRS Sweeping Powers

Monday, 19 Jul 2010 08:43 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
National Taxpayer Advocate Nina Olson warns that with ObamaCare, the IRS is now responsible for "the most extensive social benefit program the IRS has been asked to implement in recent history" -- and without "sufficient funding" it won't be able to discharge these new duties, according to a report in the Wall Street Journal.


Those new duties include audits to determine who has the insurance "as required by law" and collecting penalties from Americans who don't. Companies that don't sponsor health plans will also be punished. This crackdown will "involve nearly every division and function of the IRS," Olson says.

Republicans argued during the health debate that the IRS would have to hire hundreds of new agents and staff to enforce ObamaCare.

The IRS says it hasn't yet computed how much extra money and manpower it will need.

To read the full story, Go Here Now .

© All Rights Reserved.

Share:
  Comment  |
   Contact Us  |
  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

Suspect in Killing of Deputies Was Twice Deported

Saturday, 25 Oct 2014 23:04 PM

Federal authorities say a man suspected of killing two deputies during a shooting rampage in Northern California was dep . . .

IRS Seizes Money From Those Accused of No Crime

Saturday, 25 Oct 2014 22:34 PM

The Internal Revenue Service has been seizing money from the bank accounts of individuals and businesses with no proof,  . . .

US Struggles to Turn the Tide Against ISIS

Saturday, 25 Oct 2014 21:50 PM

After more than two months of air strikes, a U.S.-led coalition has prevented the fall of a northern Syrian town to Isla . . .

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