Obamacare Is Already Falling Apart

[ErnstBlofeld]

Aol.com:

Last week, the House of Representatives voted by a wide margin -- 245 to 189 -- to repeal the president's landmark health reform package. It's unclear whether Senate Majority Leader Harry Reid, D-Nev., will bring the measure up in the upper body.

But even he doesn't, the law is already showing signs of serious trouble.


In recent weeks, some Democrats who supported the law have called for scrapping portions of it.

Take the so-called 1099 provision, which will require businesses to submit a tax form to the IRS for each vendor with whom they do more than $600 in annual business starting in 2012. Following the midterm elections, President Obama signaled a willingness to repeal the rule, calling the hidden tax "burdensome for small businesses." He went on to say that "it requires too much paperwork, too much filing. It's probably counterproductive."

Sen. Max Baucus, D-Mont., one of the principal authors of the health care law, and former House Speaker Nancy Pelosi, D-Calif., have also expressed support for repealing the provision.

What's taken them so long? The rule would saddle some 40 million businesses with huge new compliance costs. Instead of devoting resources to job creation and business development, entrepreneurs would be forced to waste time and money filing new paperwork.