At least, that’s the Senate version of the Health, Education, Labor, & Pensions committee bill on health care rationing: the House version has the elementary decency to call it a ‘tax.’
Legal Insurrection walks through the procedure: the short version is that both versions of the bill require that employers give the IRS information on who they’re insuring, during what periods, and… some-things-to-be-determined later. If that last clause doesn’t worry you, then why they want that information should:
The House bill provides for a tax on people who do not have acceptable coverage at “any time” during the tax year. House bill section 401 provides for a new section 59B (at pp. 167-168) of the Internal Revenue Code:
(a) TAX IMPOSED.—In the case of any individual who does not meet the requirements of subsection (d) at any time during the taxable year, there is hereby imposed a tax equal to 2.5 percent of the excess of—
(1) the taxpayer’s modified adjusted gross income for the taxable year, over
(2) the amount of gross income specified in section 6012(a)(1) with respect to the taxpayer.The Senate version is similar, although the tax is called a “shared responsibility payment” not a tax.
Continue reading ‘Shared responsibility payment’ imposing the poor on health care.