IRS Gains Broader Powers Under Health Reform

“Congressional Democrats broadly expanded the powers of the Internal Revenue Service in health reform, says a new analysis from ranking Republicans on the House Ways & Means Committee.”

“Republicans on the Subcommittee on Oversight say that this means the IRS can seize tax refunds and can audit taxpayers in order to enforce the new “individual mandate tax,” [IMT] which penalizes taxpayers if they don’t buy health insurance.”

“The IRS could get an estimated 16,500 new workers at an additional taxpayer cost of $10 billion to enforce the insurance mandate, which already faces mounting constitutional challenges, these Republicans say.”

Read more: http://emac.blogs.foxbusiness.com/2010/03/22/irs-gains-broader-powers-under-health-reform/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+blogs%2Femac+%28Blogs+-+EMac%27s+Stock+Watch%29#ixzz0kGpYcPlE

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