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Taxpayers must pay the freight for over-budget train projects
Topic - Alastair M. Fitzpayne
Despite pressure from top labor leaders, the Obama administration said late Friday it cannot extend government subsidies tied to the new health care law to union members with multi-employer health plans.
"Treasury and IRS will carefully consider the issues raised in the comments received before issuing any further guidance," Treasury Assistant Secretary Alastair M. Fitzpayne said in the letter.
"Treasury believes, as suggested in your letter, than an individual who is covered by an eligible employer-sponsored plans would not be eligible to receive a premium tax credit," Alastair M. Fitzpayne, an assistant Treasury secretary for legislative affairs, said Friday in a letter to Sen. Orrin Hatch, Utah Republican and ranking member of the Finance Committee.