EXECUTIVE SUMMARY
***Highlights of New IRS Authority***
IRS agents verify if you have “acceptable” health care coverage
IRS has the authority to fine you up to $2,250 or 2 percent of your income (whichever is greater) for failure to prove that you have purchased “minimum essential coverage”
IRS can confiscate your tax refund
IRS audits are likely to increase
IRS will need up to $10 billion to administer the new health care program this decade
IRS may need to hire as many as 16,500 additional auditors, agents and other employees to investigate and collect billions in new taxes from Americans
Nearly half of all these new individual mandate taxes will be paid by Americans earning less than 300 percent of poverty ($66,150 for a family of four)
***SPECIAL EXEMPTION***
Democrats prohibit the IRS from imposing these taxes and penalties on illegal immigrants
CONCLUSION
Much of the opposition to the Democrats’ massive health care overhaul plan has focused on its large tax increases, steep Medicare cuts, and dangerous interference in the doctor-patient relationship. Far less attention has been paid to Democrats’ plans to grant massive new powers to the IRS, backed up by billions of dollars in additional taxpayer fund for the hiring of thousands of new IRS agents, examiners, and other personnel. This report’s extended discussion of just one aspect of that legislation – the creation and enforcement of a new IMT – demonstrates how the expanded powers and reach of the IMT will become all too familiar to American families and employers if H.R. 3590 is passed by the House and signed by the President.
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