ObamaCare is being dismantled one piece at a time and the IRS just destroyed a huge part in response to a Trump Executive order.
No longer will anyone be required to report their health care insurance status or pay a penalty via their tax form.
Earlier this month, the IRS quietly altered its rules to allow the submission of 1040s with nothing on line 61. The penalties themselves have grown exponentially.
This basically pulls the foundation from under Obama’s catastrophic health care insurance law. Obama set the IRS up as the enforcement for his monstrosity. No enforcement and the house of cards collapses.
The health law’s individual mandate requires everyone to either maintain qualifying health coverage or pay a tax penalty, known as a “shared responsibility payment.” The IRS was set to require filers to indicate whether they had maintained coverage in 2016 or paid the penalty by filling out line 61 on their form 1040s. Alternatively, they could claim exemption from the mandate by filing a form 8965.
For most filers, filling out line 61 would be mandatory. The IRS would not accept 1040s unless the coverage box was checked, or the shared responsibility payment noted, or the exemption form included. Otherwise they would be labeled “silent returns” and rejected.
Instead, however, filling out that line will be optional.
It won’t be long until Congress and the President opens up the competition by allowing insurance companies to sell across state lines.
ObamaCare was set up with nefarious purposes. It was designed to be the starting point to take total control of the individual.
That was why it was so important to mandate that everyone participate and use the IRS as an enforcement agency. The IRS already had issues arising from overreach against conservatives during Obama’s time in the White House.
Obama’s legacy has taken some major blows already because he used shaky methods to do so many things. Much has been undone with a signature.
ObamaCare was done through Congress and will take a bit more, but Trump has already flattened the tires.
Good Bye ObamaCare!
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