The extra money was needed because Obama Administration money crunchers determined that original plans to raise money for health reform would bring in $51 billion less than first estimated.

The bulk of that revenue shortfall would be filled with new efforts to close what the White House labeled "domestic tax loopholes" and by "increasing domestic compliance."

Since I know that very few of you will take the time to read through all the fine print that goes along with the health care reform plan, here is a list of all the tax provisions now being proposed by the Obama Administration which would dedicate revenue to health reform.

These provisions would raise a total of $325 billion over 10 years, over half of the $635 billion the White House wants as a first installment on health reform.

Limit the Tax Rate at Which Itemized Deductions Reduce Tax Liability to 28 Percent (the largest at $267 billion)

REDUCE THE TAX GAP AND MAKE REFORMS
Expand Information Reporting - $10.4 billion
* Require Information Reporting for Private Separate Accounts of Life Insurance Companies
* Require Information Reporting on Payments to Corporations
* Require a Certified Taxpayer Identification Number From Contractors and Allow Certain Withholding
* Require Increased Information Reporting for Certain Government Payments for Property and Services
* Increase Information Return Penalties

Improve Compliance by Business - $57 million
* Require E-Filing by Certain Large Organizations
* Implement Standards Clarifying When Employee Leasing Companies can be Held Liable for Their Clients' Federal Employment Taxes

Strengthen Tax Administration - $175 million
* Allow Assessment of Criminal Restitution as Tax
* Revise Offer-In-Compromise Application Rules
* Expand IRS Access to Information in the National Directory of New Hires for Tax Administration Purposes
* Make Repeated Willful Failure to File a Tax Return a Felony
* Facilitate Tax Compliance with Local Jurisdictions
* Extension of Statute of Limitations where State Tax Adjustment Affects Federal Tax Liability
* Improve Investigative Disclosure Statute
* Expand Required Electronic Filing by Tax Return Preparers

Expand Penalties - $36 million
* Clarify that the Bad Check Penalty Applies to Electronic Checks and Other Payment Forms
* Impose a Penalty on Failure to Comply with Electronic Filing Requirements

Make Reforms to Close Tax Loopholes
Financial Institutions and Products - $4.16 billion
* Require Accrual of Income on Forward Sale of Corporate Stock
* Require Ordinary Treatment for Certain Dealers of Equity Options and Commodities
* Modify Definition of Control for Purposes of the Section 249 Deduction Limit

Insurance Companies and Products - $12.7 billion
* Modify Rules that Apply to Sales of Life Insurance Contracts
* Modify Dividends-Received Deduction for Life Insurance Company Separate Accounts
* Expand Pro Rata Interest Expense Disallowance for Corporate-Owned Life Insurance (COLI)

Tax Accounting Methods - $6.5 billion
* Deny Deduction for Punitive Damages
* Repeal Lower-Of-Cost-Or-Market Inventory Accounting Method

Modify Estate and Gift Tax Valuation Discounts and Make Other Reforms - $24.2 billion
* Require Consistency in Value for Transfer and Income Tax Purposes
* Modify Rules on Valuation Discounts
* Require Minimum Term for Grantor Retained Annuity Trusts (GRATs)

Modify Alternative Fuel Mixture Credit - $702 million

You can read all of the details on the web site of the Treasury Department, by downloading what's known as the "Green Book."

The health care reserve fund details are on page 129 of 130.

http://www.treas.gov/offices/tax-policy/library/grnbk09.pdf