Jul 112012
 
Questions Abound Regarding IRS’ Ability To Enforce Healthcare Law

Now that the U.S. Supreme Court has ruled affirmatively on the new healthcare law and its most controversial measure, the individual mandate, the IRS must prepare to enforce the new legislation while still maintaining its customary obligation of collecting the taxes necessary to run the federal government.  Some have called into question if the problem-stricken agency can handle this new obligation, as well as whether the IRS has maintained adequate transparency in preparing for the role. As the IRS seeks funding to build a system to oversee the healthcare mandate, Republicans suspect the agency is already diverting resources away from More…

Jul 022012
 
New Taxes In The Healthcare Law

Now that the United States Supreme Court has ruled on the constitutionality of the Patient Protection and Affordable Care Act (“PPACA”), President Obama’s signature healthcare legislation, we will all have to become more familiar with the taxing provisions contained within the bill.  Beyond the individual mandate, which now has the dubious distinction of being perhaps the most famous “tax” imposed by the PPACA, there are numerous other revenue-raising provisions found within the law’s hundreds of pages of statutes, rules, and regulations. The vast majority of the PPACA’s revenue raising potential will come from just a few of the many tax More…

Jun 282012
 
Supreme Court Upholds Healthcare Law By Finding Individual Mandate Qualifies As A Tax

In a surprising conclusion to a constitutional challenge that has gripped the nation for the past two years, U.S. Supreme Court Chief Justice John Roberts joined with Justices Ruth Bader Ginsburg, Stephen Breyer, Sonia Sotomayor, and Elena Kagan today to uphold the linchpin of the Patient Protection and Affordable Care Act (“PPACA”), President Barack Obama’s healthcare bill, the individual mandate requiring citizens to carry insurance or pay a penalty.  The court held the mandate valid under the authority granted to Congress under Article 1, Section 8 of the U.S. Constitution “to lay and collect Taxes” to provide for the “general More…