“If a state opts… for a federal exchange… the IRS has zero authority to penalize employers there.”
“Yet the IRS is attempting to issue those tax credits… Oklahoma’s attorney general has filed suit to protect its employers from this illegal tax.”
“…CBO analysts “did not perform a separate legislative analysis of that issue.”’
“…Now the CBO has admitted that it didn’t read the bill closely enough to notice the law doesn’t authorize credits through federal exchanges.”
“…The IRS never had the law on its side.”
Of states and health insurance exchanges
By Michael F. Cannon
DECEMBER 18, 2012
http://blogs.reuters.com/great-debate/2012/12/18/of-states-and-heath-insurance-exchanges/