“President Barack Obama signed a bill repealing a tax-compliance mandate in last year’s health- care law, giving a victory to business groups that led a campaign against the requirement.
The repealed provision, under which companies would have had to report more transactions to the Internal Revenue Service, was included in the law as a revenue-raising measure. It was to have taken effect in 2012.”
“It’s rare for the Supreme Court to expedite cases because justices generally prefer to have the benefit of looking at the decisions of the appeals’ courts as well as letting the arguments mature as they move up the judicial ladder. But in this case, the uncertainty regarding the constitutionality of the health care law is causing problems for governors who have to decide whether to start implementing aspects of the law. If they proceed with implementation and it’s ruled unconstitutional, all that money will be wasted.”
“The House on Wednesday voted to terminate another piece of last year’s healthcare law — the Prevention and Public Health Fund, which is currently scheduled to receive nearly $18 billion over the next few years.”