Posts Tagged ‘Affordable Care Act’

Whither the Highway Trust Fund?

Smoothing pensions to fund highways: A bumpy, short road. The House Ways & Means Committee will include “pension smoothing” in a $10.9 billion highway funding bill to be marked up tomorrow. In 2012 lawmakers covered two years of highway and transit funding by allowing employers to delay tax-deductible contributions to employee pension plans, raising companies’ taxable […]

Good And Bad News About The ACA Penalty Tax

An important feature of the Affordable Care Act (ACA) is the penalty tax imposed on people who do not have health insurance. But newly updated report from the Congressional Budget Office projects that just under 4 million people will pay the penalty in 2016, less than 15 percent of the estimated 30 million people who […]

If You Have High Income, Your Taxes Are Going Up

As the April 15 deadline for filing 2013 income taxes nears, most of us are finding that Uncle Sam will take about the same share of our income as last year. But the story is very different for people at the top of the income ladder. Their taxes are going up, in many cases by […]

Fiscal Reality Check: Will Congress Pay for the Tax Extenders and the Doc Fix?

After it returns from Spring Break next week, Congress may face two big fiscal reality checks. It will have to decide whether to temporarily extend scores of expiring tax provisions and what to do about permanently adjusting the formula Medicare uses to pay physicians (the “doc fix”). Combined, these two measures would add about $65 billion to the […]

A Web Tool to Calculate ACA Tax Penalties

The deadline is looming: If you don’t have approved insurance coverage by March 31 (and are not exempt from the requirement), the Affordable Care Act will hit you with a penalty on your 2014 income tax return. It is often said the tax is $95, but for many people it will be much more. A […]

How 19 Million Uninsured Tax Filers Could Get ACA Coverage

Back in November, I suggested that tax prep firms might be a useful portal for low-income people to get insurance coverage through the Affordable Care Act. The idea: Since many key ACA-related issues are income-based, commercial tax prep is an easy way for folks to learn whether they are eligible for expanded Medicaid coverage, how […]

Why Not Use Tax Preparers as a Portal to Health Exchanges?

What if we bought individual health insurance through our tax preparers? At first, the idea seems bizarre, but give me a minute to explain. Given the well-known problems of HealthCare.gov and many of the state health exchanges, people seeking insurance coverage need a better way to buy. And commercial alternatives to government sites seem an […]

How Big is the Penalty if You Don’t Get Health Insurance?

Stories about the Affordable Care Act often tell readers that they’ll have to pay a $95 penalty if they don’t get adequate health insurance coverage. But, like a lot of other things I read about the health law, that’s not quite correct. The penalty (which the Supreme Court said is actually a tax) could be […]

Government Shutdowns Threaten To Become The New Normal

President Obama must continue to refuse to negotiate policy while the government is shut down. If he does not hold firm on this principle, these mindless and grossly inefficient closures threaten to become the new normal. Real shutdowns—and not just vague threats of closures– could well become a standard part of the annual budget process. […]

Would the Government be Shuttered if Obamacare were Romneycare?

Enrollment in the new health care exchanges begins today and the government is partially shut down in protest—never mind that Obamacare funding is largely immune to the shutdown. The Republicans in the House appear to be getting most of the blame for the shutdown because they insist that continued government funding be tied to at […]