By Brian Beutler, Talking Points Memo
The Treasury Department announced late Tuesday that it will delay imposition of penalties on large employers who do not provide comprehensive insurance for their employees.
“The Administration is announcing that it will provide an additional year before the ACA mandatory employer and insurer reporting requirements begin,” Mark J. Mazur, assistant secretary for tax policy, wrote in a blog post on Treasury’s website.
The development carries too many implications to count. Politically, the administration is now vulnerable to claims that it is again delaying unpopular provisions of the law until after an important election. It’s also reinforcing the notion, propounded by the law’s opponents, that the whole thing is an unworkable mess that needs to be repealed.
But the largest implications are substantive.
Back in 2012, CBO estimated that the employer penalty would reduce the deficit by about $4 billion in fiscal year 2014. But by zeroing out the penalty, the administration will not only forfeit the revenue it would have collected, but it will have removed an incentive for employers to provide coverage themselves. That probably means more workers than expected will land in the exchanges, many of whom will receive subsidies to purchase insurance themselves, which will increase spending under the law and diminish its deficit reducing potential.
Workers who aren’t eligible for subsidies will be expected to pay for their premiums entirely out of pocket.
SoRo: ObamaCareFAIL: Obama gives 'Big Biz' a big kiss.
Middle class peeps? You're screwed.
So, ObamaVoters, you believed all of that ''People over profits' crapola that he and the rest of the Democrats sold you?'*
Debbie Wasserman-Schultz, the woman who can grow pubic hair on her head while blatantly lying on national television without even blushing, has weighed in:
@TheFix No, @SpeakerBoehner what announcement means is @BarackObama is in it for long haul to fully implement #Obamacare. #youcantstopit
— D Wasserman Schultz (@DWStweets) July 02, 2013
War Is Peace
Freedom Is Slavery
Ignorance Is Strength
Dependence Is Independence
Delay Is Commitment
Defence Is Offence
Stopping Is Propelling
You're as wily and wiry as your hair.
* I would ordinarily include the equally dishonest and Big Biz loving Republicans, but, in this particular case, Dems OWN Obamacare 100%.
Feel the FAIL.
Smell the FEAR.
PS: Do you know who else this helps? Companies like Hobby Lobby.
Not only do companies like Hobby Lobby NOT have to provide abortifacient, sterilisation, and contraception coverage, they don’t EVEN have to provide healthcare next year. Also, they have a new argument to use in court:
If the administration can arbitrarily and capriciously waive or delay mandates for businesses with more than 50 employers IN DEFIANCE OF THE CLEAR LANGUAGE OF THE LAW, then, why should employers have to obey Obamacare when providing it will violate their religious beliefs?
Breaking: ObamaCare Employer Mandate To Be Delayed Until After The 2014 Elections
WaPo: Democrats Are Running For The Hills Because Of ObamaCare