CCH released a Special Report Tax Briefing on the Health Care Reform Act. They have done a great job of explaining the legislation and impact of each segment. Below is an excerpt and link to the full publication.

President Obama on March 23 signed the massive health care reform package approved by the House on March 21, 2010. The Patient Protection and Affordable Care Act (the Patient Protection Act), approved by the Senate on December 24, 2009, is now law. It contains over $400 billion in revenue raisers and new taxes on employers and individuals. The House also passed on March 21 H.R. 4872, the Health Care and Education Tax Credits Reconciliation Act of 2010 (the House Reconciliation Act). The House Reconciliation Act serves as a “sidecar” bill, that will allow amendments to the Patient Protection Act to be passed by the Senate with only 51 votes using the budget reconciliation rules.

Read more: http://tax.cchgroup.com/legislation/Final-Healthcare-Reform-03-10.pdf

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