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The IRS in Your Health Care Future?

In a report prepared for (requires Adobe) House Ways & Means Committee ranking member Dave Camp (R-Michigan), we are told that the health care reform bill, scheduled to be voted on later this evening, “dangerously expands IRS authority.” The report’s executive summary provides the following highlights of what would be the 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)  
  • Finally, this SPECIAL EXEMPTION (capitalization in the original): Democrats prohibit the IRS from imposing these taxes and penalties on illegal immigrants.

So in addition to the death panels, what other wonderful things in health care reform do we have to look forward to? The entire report is short, only nine double-spaced pages, and is well-worth reading. Something to remember when you’re in the voting booth come the first Tuesday of November 2010.

HT to Norm Leahy blogging at Tertium Quids and Dan Mitchell blogging at International Liberty.

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