Blog

Rep. Ryan: Obamacare Error Gives Subsidies; IRS 'to Claw It Back' Two Years Later

By Tim Johnston | August 6, 2013 | 1:16pm EDT

Rep. Paul Ryan (R-WI) went head to head with acting IRS Commissioner Danny Werfel over the health care law on August 1st.

During the brief confrontation, Ryan blasted Werfel over a subsidy loophole in the ObamaCare Mandate, which Werfel proved unable to adequately explain.

The unavoidable loophole, as Ryan notes, is the result of the administration's primary "enforcement tool," the Employer Mandate, remaining active until 2015.  Essentially, a person receives an unentitled subsidy from their employer, and, once the Employer Mandate becomes operational, the unlawful subsidy will be discovered, forcing the person to pay back the entire amount.

Rep. Ryan summarized his criticism by saying, "You're gonna have a lot of people getting subsidies they're not supposed to get, and then you're gonna hit them with a big tax bill in about two years to claw it back..."

CNSNews Reader,

The media are hard at work weaving a web of confusion, misinformation, and conspiracy surrounding the COVID-19 pandemic.

CNSNews covers the stories that the liberal media are afraid to touch. It drives the national debate through real, honest journalism—not by misrepresenting or ignoring the facts.

CNSNews has emerged as the conservative media’s lynchpin for original reporting, investigative reporting, and breaking news. We are part of the only organization purely dedicated to this critical mission and we need your help to fuel this fight.

Donate today to help CNSNews continue to report on topics that the liberal media refuse to touch. $25 a month goes a long way in the fight for a free and fair media.

And now, thanks to the Coronavirus Aid, Relief, and Economic Security (CARES) Act, you can make up to a $300 gift to the 501(c)(3) non-profit organization of your choice and use it as a tax deduction on your 2020 taxes, even if you take the standard deduction on your returns.

— The CNSNews Team

DONATE

Connect

Sign up for our CNSNews Daily Newsletter to receive the latest news.