Right Hooks

IRS: We're Gonna Need Another Half Billion, OK?

Mar. 4, 2015

IRS Commissioner John Koskinen told a Senate appropriations subcommittee Tuesday that the IRS just needs a little fiscal help to enforce ObamaCare. As in an additional $490.4 million in the next fiscal year. “This additional funding, the majority of which is for required information technology upgrades, will allow the IRS to increase efforts to ensure compliance with a number of tax-related provisions of the ACA, including the premium tax credit and individual shared responsibility provision,” Koskinen said. “The funding will provide enhanced technology infrastructure and applications support, and allow necessary, major modifications to existing IRS tax administration systems.” The timing is almost amusing, given that the Supreme Court heard arguments Wednesday regarding subsidies on the federal exchange. Surely the IRS doesn’t need another half a billion dollars to correctly read the statute? More…

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