Just when you thought you’d heard it all about the IRS, we get this.
IRS Fines Small Businesses
On July 1st the IRS put a regulation in place that fines small businesses who help their employees in need get the health care they need.
Is this part of Obamacare?
No, it wasn’t even voted on in Congress. This is the unelected IRS doing this by creating regulations to do their bidding. Now whether they’re going rogue, or doing it under Obama’s team’s direction, I can’t say. But it is another example of why this is not about caring about the American people, but about politics, power, and control. And if you don’t follow the government’s guidance you get slapped down.
What’s the Regulation?
- Takes effect July 1, 2015
- Fine up to $36,500 per year per employee ($100/day)
- Fine is for paying or reimbursing employee individual health premiums (considered a group plan)
- Not in the “Affordable Care Act”
Link to the Forbes article on the subject – IRS Bullies Small Businesses for Helping
Now is this something that is put in place to prevent people from coming up with their own solutions to the high cost of health care? Likely. Politicians like to control how their constituents do things. They don’t like them coming up with their own solutions. Because if they do then they don’t need the politicians. And if they don’t need the politicians then politicians lose their power. Because they can’t make promises or support legislation that the special interest money feeds.
Politicians Need Power and the IRS Wants Your Money
So this is a warning to you small business owners. And also to small business employees. Big government is not on your side. And going against the government can have painful consequences. We all like to think that if we do the right things there is nothing to worry about. This situation is a perfect example of how that is not the case.
Be Aware, But Make Your Small Business Great
So be careful. And be always vigilant. You never know what is around the next corner.
But also be bold and hard charging. Because the future of America is dependent on you, the entrepreneur, creating something that never existed before you created. And America needs you very much.