By Matt Holdridge
From the DailyCaller:
Most people understand that the IRS is likely to need thousands of new agents to enforce the Obama Administration’s new health insurance mandate – starting in 2014, you can either buy health insurance or the government will confiscate your tax refund, at least.
But hidden deep within the 2,000 plus page law is a vast new authority for the IRS that proponents admit has nothing at all to do with health care.
Instead, its purpose is to squeeze more and more tax dollars from businesses to eliminate the so-called “tax gap” – bureaucratese for every red cent Americans owe the IRS but don’t pay up come April 15.
In section 9006 of the health care law, many businesses will be required for the first time to report every expense they incur over $600.
Right now, businesses must report the wages they pay employees. But they are exempt from reporting payments to other businesses and for merchandise.
Interesting how everyday, after the vote of course, we learn about a new provision in this “health care” bill.