Congressman Gus M. Bilirakis (R-FL), member of the Energy and Commerce Health Subcommittee, introduced H.R. 2927, the No Taxation Without Verification Act. This legislation would prevent implementation of any tax provisions under ObamaCare until the Secretary of the Treasury can certify employment, income and health status reporting requirements and verify no fraud exists. This legislation comes after the Administration's announcement that it would allow individuals to self-certify for premium subsidies, rather than verify these criteria as is required under the law.
"The Administration's decision to allow individuals to self-certify their employment, income and health status under ObamaCare violates the conditions of the law and opens the system to fraud," said Bilirakis. "The No Taxation Without Verification Act would require the IRS to certify that all reporting requirements are met before the law's taxes are imposed on hardworking Americans and our nation's job creators."
The No Taxation Without Verification Act will require the Administration to verify the information provided for the Exchanges before it can implement any ObamaCare tax provision. Taxes subject to the legislation include the Health Insurance Tax, the Individual Mandate, the Employer Mandate, premium subsidies and the Medical Device Tax.
Americans for Tax Reform (ATR) have come out in support of the legislation.