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Report: Obamacare subsidies to double tax credits to more than $200 billion a year

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Paul Bedard,Washington Secrets,Taxes,IRS,Budgets and Deficits,Tax Credits
Refundable tax credits, which already cost the federal government more than it spends to fund the Department of Education, are set to double to more than $200 billion a year once all of the Obamacare subsidies kick in, according to a new report from the independent Tax Foundation. The report provided to Secrets found that the IRS “paid out” $99.1 billion in refundable tax credits in 2011. That...