IRS Attacks Businesses Via Obamacare

Ahh, the time-honored political tradition of dumping bad news at a day and time when fewer people are likely to see or hear about it.

From the New York Times: “I.R.S. Bars Employers From Dumping Workers Into Health Exchanges.”

Many employers had thought they could shift health costs to the government by sending their employees to a health insurance exchange with a tax-free contribution of cash to help pay premiums, but the Obama administration has squelched the idea in a new ruling. Such arrangements do not satisfy the health care law, the administration said, and employers may be subject to a tax penalty of $100 a day — or $36,500 a year — for each employee who goes into the individual marketplace.

Post Continues on ...