Thursday, July 5, 2012

Lawyers Have Already Drafted 13,000 Pages of Regulations for New ObamaTax Law

Yes ...... you read that headline correctly ! Obamacare is bringing 13,000 NEW PAGES OF REGULATIONS and they are not done writing. [clipper]

"“It’s a delegation of extensive authority from Congress to the Department of Health and Human Services and a lot of boards and commissions and bureaus throughout the bureaucracy,” Matt Spalding of the Heritage Foundation said. “We counted about 180 or so.”

There has been much focus on the mandate that all Americans obtain health insurance, but analysts say that’s just a small part of the law — covering only a few pages out of the law’s 2700.

“The fact of the matter is the mandate is about two percent of the whole piece of the legislation,” Spalding said. “It’s a minor part.”

Much bigger than the mandate itself are the insurance exchanges that will administer $681 billion in subsidies over 10 years, which will require a lot of new federal workers at the IRS and health department." [Gateway Pundit]

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