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"I can't believe #Obamacare led to higher health care costs," said no economist ever: http://t.co/J6dfnKqFYZ
May 14, 2013 12:01 PM
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#Obamacare's 10% tanning tax hits salon owners and customers, most of which are women: http://t.co/dJuaGAT9LE
May 14, 2013 11:01 AM
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Groups who advocated for the IRS to prepare tax returns sure look foolish these days: http://t.co/oKvpIofu7Y
May 13, 2013 06:30 PM
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"We don't need the federal government mandating additional taxes..." -@MarshaBlackburn on MFA: http://t.co/lAuLJtr5t3 #NoNetTax
May 13, 2013 06:00 PM
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Health insurers and businesses are already feeling the iron-clad grip of regulations in #Obamacare: http://t.co/J6dfnKqFYZ
May 13, 2013 05:30 PM
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Virginia Governor Bob McDonnell Signs Largest Tax Hike in Virginia History into Law http://t.co/Qd6KOFfaPv
May 13, 2013 03:46 PM
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Under #Obamacare, mothers have had a tougher time purchasing non-prescription, over-the-counter medicine: http://t.co/dJuaGAT9LE
May 13, 2013 02:01 PM
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9 out of 20 #Obamacare tax hikes have not even been implemented yet: http://t.co/opFkyf1guJ
May 13, 2013 01:30 PM
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.@GroverNorquist on MFA: "[The Senate] didn't ask all of the questions that needed to be asked": http://t.co/wXfkIR2Ca9 #NoNetTax
May 13, 2013 01:01 PM
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"When architects of #Obamacare are worried about it creating a trainwreck, you know something's gone terribly wrong": http://t.co/J6dfnKqFYZ
May 13, 2013 12:30 PM
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PrintList of New Tax Hikes in
"Managers' Amendment" to H.R. 3962
When the House considers H.R. 3962 Saturday, it will be slightly modified from the original version which was introduced. These slight changes are called the "managers' amendment." For those who want to read this 42-page addition to the bill (which should officially put it over the 2000-page mark), click here. If you want to see the revised JCT score, click here.
To see the tax roster that this is supplementing, click here.
Of most interest to taxpayers is the list of new or modified tax increases in the amendment. Here they are (all are on page 14 of the managers' amendment):
- The effective date of the provision denying deductions for costs allocable to part D subsidies (Sec. 534 of the bill) would be delayed for two years, until tax years beginning after 2012.
- As introduced, Sec. 554 of the bill would have delayed the implementation of the worldwide interest allocation rules by nine years – until 2020. Under the manager’s amendment, the scheduled implementation of these more taxpayer-favorable rules would be repealed entirely.
- The manager’s amendment also includes a new provision (new Sec. 555 of the bill) making modifications to the current-law cellulosic biofuel producer credit (IRC Sec. 40(b)(6)). This provision appears to exclude “black liquor” – a by-product of the pulp-making process – from eligibility for this credit, while making certain other fuels (e.g., algae) eligible. We hope to be able to provide further information about this provision tomorrow.
Posted by Ryan Ellis 
on Thursday, November 5, 2009 7:11 PM EST
on Thursday, November 5, 2009 7:11 PM ESTTo follow Ryan Ellis's RSS feed click here. To follow them on Twitter, their handle is @ryanlellis
