{"id":49245,"date":"2012-07-08T05:12:31","date_gmt":"2012-07-08T05:12:31","guid":{"rendered":"http:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/uncategorized\/passage-of-health-care-law-puts-spotlight-on-the-irs.php"},"modified":"2012-07-08T05:12:31","modified_gmt":"2012-07-08T05:12:31","slug":"passage-of-health-care-law-puts-spotlight-on-the-irs","status":"publish","type":"post","link":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/health-care\/passage-of-health-care-law-puts-spotlight-on-the-irs.php","title":{"rendered":"Passage of health care law puts spotlight on the IRS"},"content":{"rendered":"<p><p>AP file photoHouse Ways and  Means Committee Chairman David Camp, R-Mich., walks to his office  on Capitol Hill in Washington. The Supreme Courts decision to  uphold most of President Barack Obamas health care law puts the  Internal Revenue Service at the center of the debate, renewing  questions about whether the agency is capable of policing the  health care decisions of millions of Americans while also  collecting the taxes needed to fund the federal government.     <\/p>\n<p>    WASHINGTON  The Supreme Courts decision to uphold most of    President Barack Obamas health care law will come home to    roost for most taxpayers in about two years, when theyll have    to start providing proof on their tax returns that they have    health insurance.  <\/p>\n<p>    That scenario puts the Internal Revenue Service at the center    of the debate, renewing questions about whether the agency is    capable of policing the health care decisions of millions of    people in the United States while also collecting the taxes    needed to run the federal government.  <\/p>\n<p>    Under the law, the IRS will provide tax breaks and incentives    to help pay for health insurance and impose penalties on some    people who dont buy coverage and on some businesses that dont    offer it to employees.  <\/p>\n<p>    The changes will require new regulations, forms and    publications, new computer programs and a big new outreach    program to explain it all to taxpayers and tax professionals.    Businesses that dont claim an exemption will have to prove    they offer health insurance to employees.  <\/p>\n<p>    The health care law includes the largest set of tax law    changes in more than 20 years, according to the Treasury    inspector general who oversees the IRS. The agency will have to    hire thousands of workers to manage it, requiring significant    budget increases that already are being targeted by    congressional Republicans determined to dismantle the    presidents signature initiative.  <\/p>\n<p>    Knowing the complexity of the health law, theres no question    that the IRS is going to struggle with this, said Rep. Charles    Boustany Jr., R-La., chairman of the House Ways and Means    oversight subcommittee. The IRS wants more resources. Well, we    need to start digging down into what are they doing with the    resources and personnel.  <\/p>\n<p>    Treasury spokeswoman Sabrina Siddiqui said, The overwhelming    majority of funds used by the agency to implement the    Affordable Care Act go to administer the premium tax credits,    which will be a tax cut averaging about $4,000 for more than 20    million middle-class people and families.  <\/p>\n<p>    The Supreme Court, in its 5-4 ruling, upheld the mandate that    most Americans get health insurance. The majority said Congress    has the power to enforce the mandate under its taxing    authority. The decision labeled the penalties a tax, noting    that they will be collected by the IRS.  <\/p>\n<p>    Those who dont get qualified health insurance will be required    to pay the penalty  or tax  starting for the 2014 tax year,    unless they are exempt because of low income, religious    beliefs, or because they are members of American Indian tribes.  <\/p>\n<\/p>\n<p>Link: <\/p>\n<p><a target=\"_blank\" href=\"http:\/\/www.theeagle.com\/article\/20120707\/BC0106\/120709664\/1024\/BC0108&amp;source=RSS\" title=\"Passage of health care law puts spotlight on the IRS\">Passage of health care law puts spotlight on the IRS<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> AP file photoHouse Ways and Means Committee Chairman David Camp, R-Mich., walks to his office on Capitol Hill in Washington. The Supreme Courts decision to uphold most of President Barack Obamas health care law puts the Internal Revenue Service at the center of the debate, renewing questions about whether the agency is capable of policing the health care decisions of millions of Americans while also collecting the taxes needed to fund the federal government. WASHINGTON The Supreme Courts decision to uphold most of President Barack Obamas health care law will come home to roost for most taxpayers in about two years, when theyll have to start providing proof on their tax returns that they have health insurance <a href=\"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/health-care\/passage-of-health-care-law-puts-spotlight-on-the-irs.php\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"limit_modified_date":"","last_modified_date":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[6],"tags":[],"class_list":["post-49245","post","type-post","status-publish","format-standard","hentry","category-health-care"],"modified_by":null,"_links":{"self":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts\/49245"}],"collection":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/comments?post=49245"}],"version-history":[{"count":0,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts\/49245\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/media?parent=49245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/categories?post=49245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/tags?post=49245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}