Stuart president obama unveiling a plan to offer legal status for millions of undocumented workers. President s executive actions on immigration. That number almost matches the number of new jobs that have been created since 2009. We have john wants the four booties. So many Different Things that people are talking about today. According to migration policy institute, 5. 2 Million Immigrants will get status based on this and the dream act. Do you think it is fair to compare those numbers . The problem we have in the u. S. Has nothing to do with immigration. If we have added i do not know. It is always a win for the u. S. Economy. President obama working with congress. He made more people legal. Melissa lets ask the economists, is that true . This is a very stagnant economy. It helps to explain why. These are folks that are competing in lowend jobs. Fighting terrorism to step up. Melissa do we have those jobs right now . You bring a whole bunch more people here who need jobs. Is it help
Cuts, its tax enforcement Taxpayer Service improvement of the i. T. Systems have to be put on hold. In terms of the implement ache of the Affordable Care act, i couldnt be more pleased with what the employees of the irs have been able to do. Thank you commissioner. Thank you, senator sasse. Let me admit back the envelope calculations are dangerous my logic was in error. Really the extrapolation 172 times 2, would be 344 in the second year and 430. Its not i want to correct the record. I was wrong. The so really looks like the minimum penalty will be the maximum penalty if we extrapolate it. Were not talking 3,000. Were talking 325, 695 is average. I want to correct that. Senator mccaskill. Appreciate your staffs input because i couldnt do that on my own. It was me. It seemed, man, thats why i started going through that logic. This is unbelievable. And it was unbelievable. I was wrong. 435 sounds a lot better. Sorry. Commissioner, you know, i get everybody is offended at the notion i wa
The payment is geared to go up. Sen. Johnson youre saying is the greater of 2 of income or two other 20 stop or 228. The consensus is, we think it goes to 2 , we would be happy to make that clear. The statutory framework provides that the payment goes up if you dont have coverage to a reasonable higher amount than the first year it will be increasingly encouraging people to buy Health Insurance. Sen. Johnson this year, the percentage of income is what really drove it, so the average penalty was 1. 8 times the minimum. If you extrapolate that, if it is 1 , it will be 588. If you are talking percentage of income, that will be a pretty good extrapolation. Next year will be over 1100. If we extrapolate from this year, the euro after that it will be closer to 2500 for the average penalty paid if the americans exercise their freedom and choose not to buy an individual policy i just kind of wanted to me that on the table there. That is what the government is going to tax, i think is a penalty
If you are trying to become compliant and you have a problem, you have a change in circumstances, a change in your ability to pay your taxes, we want to work with you. We spend a significant amount of time and money trying to help taxpayers figure out what they oh and owe and how to pay it. We have online instalt installments if you cant pay everything on april 156789we negotiate with people who have difficulty and we want to stress that if you have got a problem, were here to help you. I would remind people that if youre are going to try to cut corners and cheat, we are going to find you and we will not be happy about that. But we are anxious, wherever a taxpayer has difficulty, to try to help them. Call us and we will help. I always get nervous when i say call is because i know how, long it takes to get through and as senator carper said, it is not that we want to add back the 13,000 people who have been retired from the agency and not replaced but the but we to needs funds in the in
A complicated tax season for you. Sen sasse thank you mr. Chairman and thank you mr. Commissioner for being here. Are you familiar with a piece in the Washington Post yesterday about the 100 to 400 fpl level for the aca. He is summarizing a yale journal of regulation piece about who qualifies for the tax credit will stop it is my understanding that is 100 to 400 of the federal poverty line. It looks to me that you have put forth a rule that disregards the 100 income level. I am curious if that is true. Mr. Koskinen i am not aware of that. I would be delighted to get your information. I am not aware that we have done anything that ignored the statutory framework. Sen sasse we will follow up with a letter. The particular concerns i have a related to the broad application of irs discretion. Obviously in the regulatory rulemaking process but also in particular cases. Many of our constituents, when i travel in nebraska, have genuine fear of the irs because there is an inadequate understandi