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The Wrong Prescription: Democrats' Health Overhaul Dangerous ly Expands IRS Authority

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  • Patrick McKEE
    Nine page report from the U.S. House of Representatives Committee on Ways and Means on H.R. 3590, the Senate Democrats health care bill. The Wrong
    Message 1 of 1 , Mar 20, 2010
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      Nine page report from the U.S. House of Representatives Committee on Ways and Means on H.R. 3590, the Senate Democrats’ health care bill.

       

      The Wrong Prescription: Democrats’ Health Overhaul Dangerously Expands IRS Authority

       

      Committee on Ways and Means Republican Report

      Prepared for Ranking Member Dave Camp (R-MI) and Charles Boustany (RLA),

      Ranking Member of the Subcommittee on Oversight

       

      March 18, 2010

       

      EXECUTIVE SUMMARY

      ***Highlights of New IRS Authority***

      ·         IRS agents verify if you have “acceptable” health care coverage

      ·         IRS has the authority to fine you up to $2,250 or 2 percent of your income (whichever is greater) for failure to prove that you have purchased “minimum essential coverage”

      ·         IRS can confiscate your tax refund

      ·         IRS audits are likely to increase

      ·         IRS will need up to $10 billion to administer the new health care program this decade

      ·         IRS may need to hire as many as 16,500 additional auditors, agents and other employees to investigate and collect billions in new taxes from Americans

      ·         Nearly half of all these new individual mandate taxes will be paid by Americans earning less than 300 percent of poverty ($66,150 for a family of four)

      ***SPECIAL EXEMPTION***

      Democrats prohibit the IRS from imposing these taxes and penalties on illegal immigrants

       

      http://camp.house.gov/UploadedFiles/HC_Overhaul_Dangerously_Expands_IRS_Authority.PDF

       

      Patrick in California

       

      Founder ALLIANCE for PEACE & PROSPERITY
      http://groups.yahoo.com/group/alliancepeaceprosperity/

       

      "You must go after your wish. As soon as you start to pursue a dream, your life wakes up and everything has meaning."--Barbara Sher

       

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