Friday, March 19, 2010

IRS to the rescue

Just something to look forward to while you are dying of cancer waiting for a Washington bureaucrat to decide your treatment is "cost effective". All the new taxes and penalties are going to need to be enforced. Just imagine all the audits coming to a theatre near you.

It just keeps getting better.
clipped from

House Health Care Bill 'Dangerously Expands IRS's Power'

Wall Street Journal, US House Republicans Say Health Bill Expands IRS Power:

House Republicans said Thursday that the health care overhaul will expand IRS authority by giving agents the power to verify acceptable health care coverage and fine or confiscate the tax refunds of Americans without coverage.

Republican members of the House Ways and Means Committee, a panel that oversees taxes and health issues, also charged that IRS audits will likely increase if health care legislation is passed. They added the IRS will require up to $10 billion to administer the new program. They also claimed the IRS may need to hire 16,500 additional employees.

"This dangerously expands IRS authority," said Representative David Camp, (R., Mich.), the ranking Republican on the Committee on Ways and Means. "Most Americans will find it shocking and troubling."

  • The Hill, GOP Targets IRS in Latest Health Battle
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    Thanks TaxProf Blog

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