Thanks to Obamacare, Many Will Face New Tax Penalties This Year
‘The truth is, Obamacare is a law that just keeps on giving — giving headaches to the middle class. It meant millions of cancellation notices. It’s meant higher costs for many. And now, this.’
WASHINGTON, D.C. – U.S. Senate Majority Leader Mitch McConnell made the following remarks on the Senate floor regarding the effects of Obamacare on tax returns:
“Many Americans have already started the process of filling out their tax returns.
“It’s a stressful time of year.
“But thanks to Obamacare, many are sure to find it even more stressful.
“Part of this is because of Obamacare’s trillion-plus dollars in tax increases.
“If you have health insurance, Obamacare now has a tax for that.
“If you don’t have health insurance, Obamacare has a tax for that too.
“And whether government bureaucrats deem your coverage too generous or not generous enough, Obamacare has a tax for you.
“Some of these taxes are paid by consumers directly. Others are passed along in the form of higher premiums, increased costs, and lost opportunities. But many fall on the shoulders of the Middle Class.
“And there’s more to the issue too. Because Obamacare has done what many thought impossible: it’s made a mind-numbingly complex tax code even more so.
“For the first time, the government will be asking on your tax returns if you had health insurance for every month of last year.
“And if you didn’t, well, you guessed it—Obamacare has a tax for that.
“But this is only a portion of the cost and complexity Obamacare threatens to impose on millions this tax season.
“Here’s how one health law expert put it:
‘It will be very easy to find people who are unhappy with [Obamacare’s]…new tax obligations — people who have to pay a penalty, who have to wait forever to get through to somebody at the I.R.S. or have to pay back a lot of money because of overpayments of premium tax credits.’
“And this is from an expert who supports Obamacare.
“The truth is, Obamacare is a law that just keeps on giving — giving headaches to the middle class. It meant millions of cancellation notices. It’s meant higher costs for many. And now, this.
“Remember too: The IRS, the same agency charged with processing your tax return, is now in charge of implementing vast sections of Obamacare.
“The same agency that spent so much time trying to silence free speech.
“The same agency that awarded bonuses to employees who owed back taxes.
“This is an agency charged with enforcing Obamacare’s web of complexity.
“Americans are right to question the IRS’ competence to handle so much sensitive information.
“We just received another reminder of that recently.
“One of the Obama Administration’s own Inspectors General released a damning report on this troubled agency.
“The report found that the IRS recently rehired hundreds of individuals who’d left the agency under clouds of misconduct.
“It took back individuals who’d engaged in sexual harassment, criminal misconduct, and fraud.
“On at least one occasion, it ignored case-file notes that warned: ‘do not rehire.’
“The tax collector for America even rehired people who willfully failed to file their tax returns.
“I know the Chairman of the Finance Committee plans to dig into issues like these. He wants answers. We all do. The American people deserve them.
“They’re tired of a seeing a government that’s lost focus on them.
“And they’re tired of enduring Obamacare’s growing list of failed promises.”
Related Issues: Taxes, Obamacare, Health Care, IRS, Middle Class