Wednesday, July 18, 2012

When in doubt, the IRS just makes it up. . .

The Affordable Care Act/Obamacare provides for certain tax breaks to individuals in the state insurance exchanges.

The problem then becomes what to do if a state declines to set up such exchanges.

Despite the fact that there is no provision in the law for doing so, the IRS has apparently unilaterally decided to extend those tax breaks anyway.

Of course, the fact that the IRS has no statutory authority for such a move has held them up a bit.

Rule of law, my ass.

1 comment:

NCSDad said...

A nation of men, not laws, invites a tyranny of the majority - until the Strongman no longer needs the majority.