SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : View from the Center and Left

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: JohnM7/22/2014 12:11:57 PM
  Read Replies (2) of 541647
 
Opinions, Context & Ideas from the TPM Editors
TPM Editor's Blog
The Mother Of All Drafting Errors?
By David Kurtz
PublishedJuly 22, 2014, 11:22 AM EDT

Today's court ruling gutting the essential tax credits offered under Obamacare relies on a literal reading of one provision of the Affordable Care Act. It seems almost certain that the provision in question suffered from a drafting error.

As we reported earlier this year, those who were in the room as the bill was being written say it was never anyone's intention to limit the tax credits to state-run exchanges. In fact there's no compelling rationale for why Congress would have sought to treat the two exchanges differently for tax purposes. The provision was just drafted poorly.

In ordinary circumstances, Congress would just fix the error. But these are not ordinary times.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext