IRS Obamacare Power of the Day: Pill Tax

Posted by Adam Radman and Ryan Ellis on Friday, August 2nd, 2013, 5:06 PM PERMALINK

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.

Photo Credit:

More from Americans for Tax Reform