In response to:

Illegal IRS Rule to Increase Taxes & Spending under Obamacare

Anita150 Wrote: Aug 19, 2012 11:46 AM
I don't see our "spineless" Republican led House of Reps doing a darn thing to stop this. So far all we have seen is Boehner making backroom deals with Scary Reid. Deplorable.

The written testimony that Jonathan Adler and I submitted for the House Oversight Committee hearing on the Internal Revenue Service’s unlawful attempt to increase taxes and spending under Obamacare is now online. An excerpt:

Contrary to the clear language of the statute and congressional intent, this [IRS] rule issues tax credits in health insurance “exchanges” established by the federal government. It thus triggers a $2,000-per-employee tax on employers and appropriates billions of dollars to private health insurance companies in states with a federal Exchange, also contrary to the clear language of the statute and congressional intent. Since those...

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