This is an excellent summary of the recent Affordable Care Act ruling by the Supreme Court. Thanks, Sister Kem Washington CPA!
By a 5 to 4 decision, Chief Justice John Roberts read the long-awaited opinion, stating the entire bill could be upheld under a taxing clause but not under the commerce law. The commerce law regulates business from state to state, however, since the penalty is paid to the Internal Revenue Service (IRS), the law was upheld under the taxing clause.
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