Is the IRS capable of handling all of its new responsibilities under ObamaCare? Not according to the National Taxpayer Advocate. A new report from the IRS watchdog says that your friendly neighborhood tax collectors are insufficiently prepared to carry out their duties under the new health care law, and will therefore require additional funding not included in the bill:
A warning that federal tax officials will need more congressional funding to administer the Democrats' health reform law has rekindled the partisan debate over its cost effectiveness.
Senior Republicans have said for months that the new responsibilities required of the Internal Revenue Service (IRS) under the legislation would saddle the agency with billions of dollars in additional costs — expenses not accounted for in the bill.
A Wednesday report from the National Taxpayer Advocate (NTA), an independent watchdog within the IRS, backed those claims, finding that the agency currently lacks the resources to take on the new duties.
"I have no doubt the IRS is capable of administering social programs, including healthcare," Nina Olson, head of the NTA, said in a statement. "But Congress must provide sufficient funding."
It's not clear how much additional funding will be necessary—the NTA expects to know more next year—but the official IRS response ("It's premature to discuss funding issues.") amounts to rolling one's eyes and sighing, "can we please talk about this later?" Waiting to talk about funding requirements until later is exactly the problem, and what got us here in the first place. The PPACA's authors ignored, forgot about, hid, or shifted aside billions in necessary spending in order to bring the bill's cost down.
Meanwhile, Democratic staffers stand ready to root through taxpayer wallets turn out their pockets in order to come up with the extra money. A Democratic staffer for the House Ways and Means Committee toldThe Hill that, "Congress stands ready to ensure that IRS has the resources it needs to make sure this is done properly." Which is to say that the party has made a firm commitment to throwing potato sacks full of borrowed cash out the door for as long as it can if that's what it takes to make ObamaCare work.
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Senior Republicans have said for months that the new responsibilities required of the Internal Revenue Service (IRS) under the legislation would saddle the agency with billions of dollars in additional costs ? expenses not accounted for in the bill.
"I have no doubt the IRS is capable of administering social programs, including healthcare," Nina Olson, head of the NTA, said in a statement. "But Congress must provide sufficient funding."
LOL. Why do we have other agencies at all if Treasury, via the IRS, can administer all our social/corporate subsidie/war-making/vote buying programs?
Yes. Bush should be credited with creating this duplicative, unneeded agency, recently called on the carpet by congress for its members taking unnecessary, expensive tax payer funded junkets.
This is partly due to the idiotic change in 1099s, requiring them for not just services but for any business purchase of over $600 (total per vendor) in a year. Those tens of millions of extra forms businesses will be sending to the IRS and utilities, Dell, Apple, Home Depot, Staples, etc. won't be filing themselves....
The 1099 form compliance is going to hit small businesses like a bunch of bricks, and the bigger companies - who can handle the increased compliance costs - are going to suffer from fewer orders due to increased costs imposed on the small businesses for no fucking good reason.
Between that moronic rule, and the increase in taxes, I've started buying long term put options, and I don't think I'm going to lose money on them.
Papa - in addition to this, the IRS is requiring credit card companies to report all transactions to them (IRS) starting in 2011. From WebCPA:
"Banks and other payment settlement services will need to report gross annual receipts for each merchant. The income reporting will apply to "any transaction in which a payment card is accepted as payment" (new Internal Revenue Code section 6050W(c)(2)). Thus, banks and other financial service providers will be reporting the total, gross amount of credit card and debit card payments for the year for each merchant."
A Wednesday report from the National Taxpayer Advocate (NTA), an independent watchdog within the IRS
I was reading a newspaper story last week about my Congressional Representative Eddie Bernice Johnson's "blind trust" holdings of the concessions contract at Love Field in Dallas. These reporters keep using these words blind trust and independent. I do not think they mean what they think it means.
"A new report from the IRS watchdog says that your friendly neighborhood tax collectors are insufficiently prepared to carry out their duties under the new health care law, and will therefore require additional funding not included in the bill:"
And this will be a great way for the Republicans to torpedo Obamacare when they take the House back in November:
I'm pretty sure a modern day Robin Hood would focus on punishing the politicians and special interests that loot the people, through terrorism, violence, and robbery; not adding a single voice to the chorus of corruption.
Who said having free care would not be costly?
"I have no doubt the IRS is capable of administering social programs, including healthcare," Nina Olson, head of the NTA, said in a statement. "But Congress must provide sufficient funding."
LOL. Why do we have other agencies at all if Treasury, via the IRS, can administer all our social/corporate subsidie/war-making/vote buying programs?
"ObamaCare" is an irritating term. Should we refer to the Department of Homeland Security as BushLand Security now?
If it is so awesome, why wouldn't he want his name on it?
Ok, ObushaCare would be more accurate.
why not
BushLand Security
Considering where TSA likes to screen...
Whatever symbol you used as a handle is irritating. Instead I shall dub thee, Turdnugget.
+1
I's pronounced "phi" but you can spell it as Turdnugget. Camel case preferably, so that would be TurdNugget for you, Nick.
To be fair, DHS had bi-partisan support. Obamacare passed without a single republican vote. He owns that one.
Yes. Bush should be credited with creating this duplicative, unneeded agency, recently called on the carpet by congress for its members taking unnecessary, expensive tax payer funded junkets.
This is partly due to the idiotic change in 1099s, requiring them for not just services but for any business purchase of over $600 (total per vendor) in a year. Those tens of millions of extra forms businesses will be sending to the IRS and utilities, Dell, Apple, Home Depot, Staples, etc. won't be filing themselves....
The 1099 form compliance is going to hit small businesses like a bunch of bricks, and the bigger companies - who can handle the increased compliance costs - are going to suffer from fewer orders due to increased costs imposed on the small businesses for no fucking good reason.
Between that moronic rule, and the increase in taxes, I've started buying long term put options, and I don't think I'm going to lose money on them.
Papa - in addition to this, the IRS is requiring credit card companies to report all transactions to them (IRS) starting in 2011. From WebCPA:
"Banks and other payment settlement services will need to report gross annual receipts for each merchant. The income reporting will apply to "any transaction in which a payment card is accepted as payment" (new Internal Revenue Code section 6050W(c)(2)). Thus, banks and other financial service providers will be reporting the total, gross amount of credit card and debit card payments for the year for each merchant."
A Wednesday report from the National Taxpayer Advocate (NTA), an independent watchdog within the IRS
I was reading a newspaper story last week about my Congressional Representative Eddie Bernice Johnson's "blind trust" holdings of the concessions contract at Love Field in Dallas. These reporters keep using these words blind trust and independent. I do not think they mean what they think it means.
[insert exclamation of surprise]
I think you don't really mean that and are being sarcastic.
This is my exact same mental response to every Suderman article since Obamacare passed.
I want the head of the bureaucrat that pulled the 17 billion more in collections number out of his ass.
"A new report from the IRS watchdog says that your friendly neighborhood tax collectors are insufficiently prepared to carry out their duties under the new health care law, and will therefore require additional funding not included in the bill:"
And this will be a great way for the Republicans to torpedo Obamacare when they take the House back in November:
Simply refuse to fund the administration of it.
Good luck with that. Why do something that actually requires balls when you can continue on and on about an appeal that is virtually impossible.
Interesting ... how about NOT funding the individual mandate enforcement?
AND defunding the subsidies?
Sounds good to me.
They GOP should use every tactic they can come up with to block and nullify Obamacare in any way possible.
I have no doubt the IRS is capable of administering social programs, including healthcare
Am I the only one finds it a little bizarre that the tax collection agency is being put in charge of social programs?
the tax collection agency is being put in charge of social programs
Willie Sutton would probably approve.
We need a modern day Robin Hood, so we can elect him to Congress and he can stop this ridiculousness.
I'm pretty sure a modern day Robin Hood would focus on punishing the politicians and special interests that loot the people, through terrorism, violence, and robbery; not adding a single voice to the chorus of corruption.
Waiting to talk about funding requirements until later is exactly the problem, and what got us here in the first place.
QFMFT.
No more incumbents.
Wow, what a bright idea to get the IRS involved. America's favorite government agency.
IRS will collect money from the rich to pay healthcare for the poor, pure socialism.