Tags: Camp | brave | world | taxes

Rep. Camp Supreme Court Opened 'Brave New World' for New Taxes

Tuesday, 10 Jul 2012 11:13 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

The Supreme Court decision upholding the 2010 health-care law’s individual insurance mandate as a tax opens a “brave new world” for Congress to impose levies, said Rep. Dave Camp, chairman of the House Ways and Means Committee.

Congress must consider the implications of allowing a tax on “inactivity,” such as the penalty for not purchasing health insurance, Camp, a Michigan Republican, said at a hearing today in Washington.

“Under that premise, what is there to stop future Congresses from using this taxing authority to compel a similar ‘it’s for the good of the country’ outcome?” he said. “If one refuses to purchase the goods and services the government thinks are best for the country, the act of not purchasing can now trigger a tax.”

The court’s 5-4 ruling on June 28 upheld the requirement that most individuals obtain health insurance, passed by Congress as part of the health-care overhaul. It will apply starting in 2014.

© Copyright 2014 Bloomberg News. 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

Midterm Ad Casts Obama as Bad Boyfriend

Sunday, 21 Sep 2014 21:14 PM

A new TV ad produced by Americans for Shared Prosperity paints President Barack Obama as a bad boyfriend the country is  . . .

Who Wins Senate Control? Nov. 4 Might Not Decide

Sunday, 21 Sep 2014 08:54 AM

A suspenseful election night is one thing, but what if it stretches out for a month? Or into next year?
A handful o . . .

George P. Bush: I'm Not Endorsing Anyone in 2016 Race

Saturday, 20 Sep 2014 18:45 PM

George P. Bush is not endorsing anyone for the White House in 2016, even if his father, former Florida Gov. Jeb Bush, be . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

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