IRS Begins Collecting Obamacare Taxes

No sequester slowdown

Implementation of the taxes and fees from President Obama's healthcare law is on track despite the cutbacks at the IRS from sequestration.

The Affordable Care Act (ACA), enacted in 2010 and derided by Republicans as "ObamaCare," contains the broadest set of tax changes enacted in some two decades — more than 40 alterations in all, including penalties on people who choose not to purchase insurance.

But while IRS and Treasury officials have warned of reduced services as employees are furloughed under the sequester, neither agency has expressed any concern that the automatic spending cuts would delay the rollout of the healthcare overhaul.