Wow, is this one a doozy. It turns out some of those 3,345 'shalls' have some really stiff penalties.
Today, Rep. Dave Camp R-MI, ranking member of the Ways and Means Committee released a letter from the Joint Committee on Taxation (JCT). This letter outlines the taxes and criminal penalties involved in non-compliance of the insurance mandate.
If you do not "maintain acceptable health insurance coverage" (the level of acceptability is entirely at the discretion of the federal government), you will be subject to an additional 2.5% income tax. This includes if you lose your insurance due to losing your job and not being able to afford a new policy because you're unemployed.
If you still continue to thwart Queen Pelosi by refusing to insure yourself, you will be subject to:
"• Section 7203 – misdemeanor willful failure to pay is punishable by a fine of up to $25,000 and/or imprisonment of up to one year.
• Section 7201 – felony willful evasion is punishable by a fine of up to $250,000 and/or imprisonment of up to five years.” [page 3]"
So, if you're on Welfare, you don't have to pay anything. But if you are busting your hump to make a living (and pay for the people on Welfare) and end up losing your job because of the economically suicidal policies the administration is enacting, you will then be fined and possibly imprisoned. Is it just me or does it make more sense to skip the unemployment and go straight to Welfare? If you can't beat 'em, join 'em.
BTW - did I mention her policy is going to cost $15,000? That is the lowest cost family non-group coverage available under her plan. Who the hell can afford that? I thought the whole point of this insurance 'reform' was to bring down costs and make insurance affordable for everyone.
Boy, if you think the prisons are overcrowded now, just wait 'til this thing kicks into effect.
Sounds like the American version of storming the Bastille is going to be on the revolutionary agenda after all.
Friday, November 6, 2009
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There has been some discussion about taking 3 years or so for this bill (once passed) to go into effect... is that true? Even if the progressives decide to choose kick-back checks over re-election, how much of this can be undone after Nov 2010?
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