Monday, February 9, 2015

Obamacare penalty payers ask, 'Where's my refund?'

http://money.cnn.com/2015/02/05/news/economy/obamacare-tax-refund/index.html?iid=SF_BN_River

Many tax filers were subject to a tax for not having health insurance, and many of them are claiming that their tax refunds are taking longer than usual to arrive. Some believe that their refunds are being delayed because they don't have insurance and have not signed up for public health care. This could make the Affordable Care Act, as well as Obamacare, even more controversial than it already is. If it is discovered that the IRS is intentionally holding these refunds, it would likely create a huge mess for the Obama administration. It will be interesting to see if spending trends change at all due to potential delays in the receiving of checks. It will also be interesting to see how this will affect the use of the health insurance program over the next year if enough people hear about the story.

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