Skip to content

Sequester won’t interrupt collection of taxes from ‘ObamaCare’

by on March 6, 2013

Implementation of the taxes and fees from President Obama’s healthcare law is on track despite the cutbacks at the IRS from sequestration.

The Affordable Care Act (ACA), enacted in 2010 and derided by Republicans as “ObamaCare,” contains the broadest set of tax changes enacted in some two decades — more than 40 alterations in all, including penalties on people who choose not to purchase insurance.

But while IRS and Treasury officials have warned of reduced services as employees are furloughed under the sequester, neither agency has expressed any concern that the automatic spending cuts would delay the rollout of the healthcare overhaul.

A spokesman for the IRS declined to comment any further on the agency’s concerns about sequestration.

Democratic and Republican lawmakers also haven’t raised the issue though major tax changes from the law are just seven months away.

“The silence is deafening,” said Chris Condeluci, a former tax counsel for Senate Finance Committee Republicans who is now at Venable law firm.

Condeluci argued that the response from the IRS to the sequester cuts shows that getting the healthcare law off the ground is a top goal for the agency and that the government would shift resources to ensure the law goes into effect.

Read more: http://thehill.com/blogs/on-the-money/domestic-taxes/286423-sequester-wont-interrupt-taxes-from-healthcare-law#ixzz2Mm7iBsFE

From → Uncategorized

One Comment
  1. Unknown's avatar
    Anonymous permalink

    Imagine if it was the old days and revenuers showed up at the family farm demanding more contributions. They’d either go missing or be scared sh–less by a gun wielding farmer

Leave a comment