Political Quotes

“The premise of H.R. 2667, the employer mandate bill, which is part of the rule here today, is that somehow the administration overreached by announcing this postponement of the employer tax measure which was part of the Affordable Care Act. The fact of the matter is, if the proponents had picked up the phone and called the Congressional Research Service and asked them if the IRS has postponed imposition of statutorily required requirements, the fact of the matter, they would have found out what I hold in my hand, which is a memo that was issued today that cites four examples, just within the last 2 or 3 years, where the IRS delayed statutory reporting requirements because of the fact that comments from private sector voices around the country warned that it needed more time to be implemented. The 2006 law imposing a 3 percent withholding requirement effective December 31, 2010, was delayed till 2012. The 2009 Worker Home Ownership and Business Assistance Act was delayed for a year for a statutory electronic filing requirement. The Foreign Account Tax Compliance Withholding Act was postponed 2 years, again, because of a comment that came in from the private sector.…”