Obamacare Tax Credits Victorious in Federal Court

  Google+  Twitter | + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

source: http://www.flickr.com/photos/fantod/

The Affordable Care Act survived another legal battle on Wednesday. A federal judge in Washington, D.C., rejected a lawsuit against the tax credit provision brought forward in Halbig v. Sebelius.

In the case, the plaintiffs alleged that by providing tax credits to people in the federal marketplace, the Internal Revenue Service had overstepped its legal boundaries. The tax credits, they argued, were intended to be used in states with state-based exchanges only.

Judge Paul Friedman wrote in his opinion: “[T]here is no evidence that either the House or the Senate considered making tax credits dependent upon whether a state participated in the Exchanges. To the contrary, Congress assumed that tax credits would be available nationwide.”

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business