NOT THEIR JOB. They a tax collection agency, not law makers. Idiots.
“NOT THEIR JOB. They a tax collection agency, not law makers.”
Now its their job:
RUSH: Wait until you hear this next story. It is from Forbes. Here’s the headline: “Small Businesses Threatened with $36,500 IRS Fines For Helping Employees with Health Costs.” This was not and is not part of Obamacare. The IRS just created this, and that’s one of the problems with Obamacare. Obamacare is open ended. The secretary of Health and Human Services can invent regulations. The IRS can invent new tax rules and regulations, and they’ve just done it.
This provision was never voted on by anybody in Congress.
“Small businesses that reimburse employees for the cost of premiums for individual health insurance policies or pay their health costs directly will be fined up to $36,500 a year per employee under a new Internal Revenue Service regulation that [took] effect July 1, 2015. According to the notice, an employer arrangement that reimburses or pays for employee individual health premiums is considered to be a group health plan that is subject to the $100 per-employee per-day penalty.
“The penalty applies whether the reimbursement is considered a before-tax or after-tax contribution. ‘It’s the biggest penalty no one is talking about,’ said Kevin Kuhlman, policy director for the National Association of Independent Business. ‘The penalty for compensating employees for health care-related expenses is enough to destroy most small businesses.’ You can read more in this NFIB post, ‘No Kidding: This Week IRS starts Punishing Businesses for Helping Workers Buy Insurance.’
“The new IRS penalty is more than 18 times greater than the $2,000 employer-mandate penalty under Obamacare for not providing qualifying health insurance for employees. And employers with fewer than 50 workers are not exempt, as they are from the employer-mandate penalty.” The only businesses that are exempt are those three years in existence and younger. “The rule appears nowhere in the Affordable Care Act...” It appears nowhere in the statute. It appears nowhere in Obamacare.
It “was developed by the Obama administration’s regulation writers at the IRS. The rule punishes small businesses for providing the only health insurance support many can afford — a contribution to help employees pay premiums for their individual or family health insurance policies or to help finance direct payment for medical services. ‘Reimbursing employees for the cost of insurance or medical services is a way for small businesses to help their workers without the administrative headaches of setting up a costly group plan,’ Kuhlman said.
“’Most small employers don’t have [Human Resources] departments or benefits specialists, so this is a simpler, easier way to help their employees.’ No more, says the IRS. If you take the ‘simpler, easier’ route that you can afford, the IRS will slap you with $100-a-day, per-employee fines until you stop. Rep. Charles Boustany has introduced legislation in the House (HR 2911) and Sen. Charles Grassley, in the Senate (S.1697) to remedy the problem. ... ‘If there’s an opportunity for a bipartisan improvement toward affordable health care, this has to be it,’ said Kuhlman.
“’There’s no real justification for penalizing small businesses that do what the law’s strongest supporters claim to want, which is to help employees obtain coverage or pay medical bills.’ ... The rule covers employers with more than one employee participating in an employer health care/coverage payment arrangement. Employers can exclude workers who 1) have fewer than three years of service to the company; 2) are under age 25; and 3) are part-time or seasonal employees.”
Well, you know what this is going to do.
People are going to start getting fired after three years and converting to part-time workers to avoid yet another government penalty or fine imposed upon them by Obamacare. What’s this? Here you have Obama and the rest of the Democrat Party claiming that all they want is for people to get insured who don’t have insurance. They just want people to get covered and they want people to get treatment, and they don’t want it to cost an arm and a leg.
Well, a lot of small businesses can’t afford to do it, but they like their employees. They like having them. They’re not able to pay their employees enough where they can on their own go out and buy health insurance. So they try to help supplement the purchase of a plan, help out on the premium or help on the deductible. And if they do that — if a penny of assistance is offered an employee by a small business — that small business can be fined up to 36 grand, and in some cases that’s gonna be more than what they pay some part-timers.
And it’s not even part of Obamacare!
The IRS just wrote it!
http://www.rushlimbaugh.com/daily/2015/07/07/obamacare_is_a_mean_law