Congressman Charles W. Boustany, Jr., M.D., (R-South Louisiana), Chairman of the House Ways and Means Subcommittee on Oversight, issued the following statement after today's Oversight subcommittee hearing on the Internal Revenue Service's (IRS) implementation of Obamacare:
"The full magnitude of Obamacare is finally starting to rear its ugly head above the surface. Today, we learned the IRS cannot provide a cost estimate of the economic burden imposed by 17 rules of Obamacare, with more rules to follow. The IRS estimates compliance with these rules will require at least 80 million man hours, hardly the prescription for economic recovery. That outrageous figure comes directly from the White House's own documents. The IRS agreed this Administration played a role with the agency's decision to break federal law by taxing employers and providing subsidies in a federally run health insurance exchange.
"More than creating new burdens on the IRS, Obamacare continues to lead to new taxes and regulations posing serious threats to job creation. As a former surgeon and owner of a small practice in South Louisiana, I am fully aware of how taxes, rules, and regulations from Washington can impede small businesses in addition to patient care. As we found out during today's hearing, making the IRS both revenue collector and administrator of implementation diverts scant resources from the central mission of the IRS at the expense of taxpayers."