UPDATE: FULL SEGMENT
RUSH: For those of us who take as long as we can to pay our taxes, October 15th was the extension filing date for 2012, and I dutifully was in there. My accountant, who is almost afraid to be my accountant because he thinks he’s gonna get targeted, too, just ’cause his name’s on my return, he said, “Look, you may not know this, but you keep talking about these Obamacare fines if you don’t buy a policy. Do you know that under the law –” and I had to go look it up. Not that I didn’t believe him, but he just never gets political with me. He stays over there. (interruption) No, no. He’s not lib. It’s a professional relationship.
Anyway, he said to me that according to the law, the only way that the government can collect the fine or penalty for you not buying insurance is if you are owed a tax refund. If you do not owe a tax refund, they cannot go into your bank account or anywhere else and get that money. Now, the sad thing is that most people file their taxes to get a refund ’cause they think they’re screwing the government, and they’re not. You’re giving the government all that money all that year, but, no, look, what it means is that it can’t work. The whole point of this is the individual mandate. The guts of this are the mandate that you buy, that young, healthy people get screwed price-wise by being forced to buy insurance. You’ve got to.
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