TRP News with James Andre. This week we have updates on the Supreme Court Affordable Care Act case and ISIS, a discussion of U.S. financial aid to Israel, and I try to answer the question ‘Why vote?’
LINKS
ISIS
http://www.nbcnews.com/storyline/isis-terror/isis-rules-revealed-foosballs-fine-ak-47s-women-leaving-not-n316026
http://www.cnn.com/2015/03/07/africa/nigeria-boko-haram-isis/
ISRAEL
http://www.bloomberg.com/news/articles/2015-02-27/israel-lobbies-for-more-missile-defense-funds-than-obama-sought
SCOTUS
http://www.huffingtonpost.com/2015/03/02/obamacare-supreme-court_n_6783894.html
http://en.wikipedia.org/wiki/Statutory_interpretation
http://en.wikipedia.org/wiki/Legislative_intent
DISPUTED SECTION of the ACA
‘SEC. 36B. REFUNDABLE CREDIT FOR COVERAGE UNDER A QUALIFIED HEALTH PLAN.
‘(a) In General- In the case of an applicable taxpayer, there shall be allowed as a credit against the tax imposed by this subtitle for any taxable year an amount equal to the premium assistance credit amount of the taxpayer for the taxable year.
‘(b) Premium Assistance Credit Amount- For purposes of this section–
‘(1) IN GENERAL- The term ‘premium assistance credit amount’ means, with respect to any taxable year, the sum of the premium assistance amounts determined under paragraph (2) with respect to all coverage months of the taxpayer occurring during the taxable year.
‘(2) PREMIUM ASSISTANCE AMOUNT- The premium assistance amount determined under this subsection with respect to any coverage month is the amount equal to the lesser of–
‘(A) the monthly premiums for such month for 1 or more qualified health plans offered in the individual market within a State which cover the taxpayer, the taxpayer’s spouse, or any dependent (as defined in section 152) of the taxpayer and which were enrolled in through an Exchange established by the State under 1311 of the Patient Protection and Affordable Care Act, or
‘(B) the excess (if any) of–
‘(i) the adjusted monthly premium for such month for the applicable second lowest cost silver plan with respect to the taxpayer, over
‘(ii) an amount equal to 1/12 of the product of the applicable percentage and the taxpayer’s household income for the taxable year.