IRS Obamacare Power of the Day: Pill Tax
Throughout the summer, Americans for Tax Reform will be highlighting the most outrageous new powers that the IRS will have under the Obamacare law. According to a report from GAO, the IRS is tasked with nearly four dozen new powers under that law. Each day, one will be selected for a brief review.
American manufacturers of prescription medicines will have to pay a new tax to the IRS based on how many life-saving medicines they sold.