Treasury Dept. Approves $3 Billion Transfer to Insurance Companies that Congress Denied
A letter from House Ways and Means Chairman Paul Ryan (R-WI) demands an explanation from the Treasury Department on why it allowed $3 billion in payments to ObamaCare insurance companies that Congress never approved.
In a well-documented piece, Philip Klein gives a disturbing summary of the Obama administration deliberately refusing to follow the law.
“At issue are payments to insurers known as cost-sharing subsidies,” writes Klein. “These payments come about because President Obama’s healthcare law forces insurers to limit out-of-pocket costs for certain low income individuals by capping consumer expenses, such as deductibles and co-payments, in insurance plans. In exchange for capping these charges, insurers are supposed to receive compensation.”
Agitated by the predictable consequences of their tax and regulatory agenda, liberals and the Obama Administration condemn the "economic patriotism" of "corporate deserters" who seek refuge by relocating operations beyond U.S. borders.
This week, Burger King became just the latest target of their misplaced wrath, after announcing its acquisition of Canadian restaurateur Tim Hortons Inc. and that it will move its corporate headquarters to that lower-tax locale. Senator Sherrod Brown (D - Ohio) went so far as to advocate a consumer boycott.
One problem: …
"When Netanyahu walks to the podium of the House of Representatives on March 3, he'll undoubtedly have in mind an earlier speech given by a foreign leader to a joint meeting of Congress. On December 26, 1941, Winston Churchill addressed Congress, though in the smaller Senate Chamber rather than in the House, as so many members were out of town for Christmas break. Churchill enjoyed the great advantage…[more]