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GOP Is For Tax Cuts, Unless They Help You Buy Insurance

Posted on August 5, 2012 by TRP

During a Capitol Hill hearing Thursday, House Republican lawmakers grilled the director of the Internal Revenue Service on his agency’s ruling allowing qualified individuals to get tax credits to buy health insurance in federal health insurance exchanges.

The Associated Press: Republicans Grill IRS Commissioner On Health Care

House Republicans on Thursday grilled the head of the Internal Revenue Service on the agency’s decision to apply the health care law’s tax credits in states that decide not to carry out a key provision of the statute. Commissioner Douglas Shulman defended the IRS rule that applies the tax credits to federal insurance exchanges, which are the bodies that will be developed to allow those without health insurance to buy it. He testified at a House hearing (Margasak, 8/2).

The Hill’s Healthwatch: IRS Defends Against GOP Charges Of ‘Illegal’ Healthcare Tax Credits

Republicans and conservative policy experts say the IRS has gone too far in implementing the Affordable Care Act, specifically its subsidies to help people buy private insurance (Baker, 8/2).

CQ HealthBeat: Hearing Highlights Dispute Over Subsidies For Federal Health Insurance Exchanges

House Republicans expressed support for the argument that the health care overhaul does not authorize subsidies for individuals in exchanges set up by the federal government at a Thursday hearing that featured dueling witnesses on the issue. The controversy centers on an Internal Revenue Service rule finalized in May that allows the federal government to provide subsidies to help eligible individuals buy health insurance through state and federal exchanges created under the law beginning in 2014 (Attias, 8/2).

MORE:  IRS Faces GOP Criticism On Health Care Tax Credits – Kaiser Health News.

 


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