House Republicans probe IRS regarding federal exchange tax credits
Posted on August 22, 2012 | No Comments
House Oversight and Government Reform Committee Chairman Darrell Issa and several other Republican colleagues sent a letter to the Internal Revenue Service (IRS) Commissioner, Douglas Shulman, asking him to explain his reasoning for offering tax credits through federal exchanges. In the letter, House Republicans argue that the Affordable Care Act (ACA) does not authorize the IRS to offer the credits.
Senate Finance Committee Chairman Max Baucus argued that it was a drafting error to only permit state-run insurance exchanges to offer the tax credits.