Punching Stupid and Evil in the Face Since 1986!

"We are on strike, we the men of the mind. We are on strike against self-immolation. We are on strike against the creed of unearned rewards and unrewarded duties."-John Galt

Sunday, July 11, 2010

It's premature to tell you we have no funding for the IRS in health care either....

With each passing day we learn of some new law, requirement, agency or fee associated with that "awesome" new health care bill passed by our lawmakers just a few short months ago. It does seem though, the biggest beneficiaries of jobs creation will be the IRS. With nearly every page turn there is some new mandate, tax, fee or tax paper work that will now go through the IRS in order to be sure we all have health care that is unaffordable and unsustainable.

In addition to the new 1099 filing requirements-the one that is a complete and total small business killer, swamping them with massive amounts of unnecessary paperwork-there are other new requirements.

It also falls to the IRS to administrate the whole kit 'n' caboodle of the health care bill.
Under the new law, the IRS will be required to verify incomes for households applying for premium assistance credits on insurance exchanges; determine whether businesses are eligible for small-business tax credits; ensure that individuals are complying with the mandatory coverage requirement; and collect penalties from those who aren’t.
The best part? Oh all of that new stuff (and MORE) is completely and totally unfunded. That's right. The expense of adding new agents and all the processing that will have to be done on the paperwork and what-not wasn't included in the cost of this legislation.

It's ok though, IRS spokesperson Robert Marvin and Senator Max Baucus think we will just worry about that tomorrow.......(can't you just hear Scarlett O'Hara's voice.....)
IRS spokesman Robert Marvin said Friday that the agency hasn’t yet determined how much extra funding it will need.

“While the IRS has already started work on the healthcare provisions, many of the key components are several years away from implementation,” Marvin said in an email. “It's premature to discuss funding issues.”

The office of Sen. Max Baucus (D-Mont.), chairman of the Finance Committee, echoed that, saying Friday that funding and staffing levels won’t be decided until the IRS comes up with an implementation strategy.
Of course it's premature to discuss funding issues, the November elections haven't happened yet.

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