ACA Tax Breaks For Opt-Out States Upheld, Swiftly Appealed

Law360, New York (January 15, 2014, 6:01 PM EST) -- The Internal Revenue Service is not breaking the law when it makes tax subsidies available to residents of states who buy health insurance through exchanges run by the federal government, a Washington, D.C., federal judge ruled Wednesday.

In a decision that was immediately appealed, U.S. District Judge Paul L. Friedman sided with Obama administration lawyers who argued that the Affordable Care Act makes perfectly clear that Congress wanted the regulators to award tax credits to taxpayers who join a federal exchange when their own state does...
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