Obama Administration Takes Steps to Implement Obamacare Mandate Tax on Americans
The Obama Administration took steps this week to implement the Obamacare mandate tax. The Congressional Budget Office determined in 2012 that millions of Americans will get socked by the Obamacare mandate tax, 80 percent of whom are middle income citizens.
The Hill reported:
The Obama administration took new steps Wednesday toward implementing the individual mandate in its signature healthcare law, downplaying the scope of the unpopular provision by stressing rules that allow exemptions from the requirement to purchase insurance.
The Internal Revenue Service and the Health and Human Services Department emphasized exceptions to the mandate, which were detailed in new regulations that also laid out the process by which the IRS will calculate penalties for going uninsured.
The mandate requires most taxpayers to either buy insurance or pay a fine to the IRS. It’s one of the most politically unpopular provisions of the healthcare law, and was at the core of last year’s historic Supreme Court case over the healthcare law.
HHS referred to the politically charged provision as a system of “shared responsibility” payments.
The mandate penalty “applies only to the limited group of taxpayers who choose to spend a substantial period of time without coverage despite having ready access to affordable coverage,” HHS said in a fact sheet on the new rules.
70 percent of those who will pay the Obamacare mandate make less than 400 percent of federal poverty level. (Red Alexandria)