Rush Limbaugh
The Rush Limbaugh Show
7//7/2015
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…
…Hey, let’s just write a new law here. They’ve got the power to write a new regulation without Congress being involved. The elected representative, the people not being involved. No vote, no nothing, no presidential signature. Just we’re going to do this. And there’s no stopping it…
The complete transcript is at The Rush Limbaugh Show.
Related: Forbes: Small Businesses Threatened With $36,500 IRS Fines For Helping Employees With Health Costs
