WestVirginiaRebel Posted February 3, 2011 Share Posted February 3, 2011 Politico:The Senate voted Wednesday for the first time to repeal a piece of President Barack Obama’s health care overhaul, rolling back a new tax reporting requirement that’s been universally panned by business owners.The amendment to repeal the 1099 reporting requirement passed 81-17 with broad bipartisan support.The provision was one that Obama identified in his State of the Union speech as something that Democrats were willing to change.The Senate voted several times last year on repealing the requirement, but all the attempts failed amid partisan bickering over how to pay for it. Republicans made an attempt to repeal the provision by taking money from the health reform law’s prevention and wellness fund. Democrats tried to repeal it without paying for it.The provision would have required business owners to file 1099 tax documents on all cumulative purchases from a single vendor that total more than $600 in a year.________Good for them. Now, on to the rest? Link to comment Share on other sites More sharing options...
SrWoodchuck Posted February 3, 2011 Share Posted February 3, 2011 WVR! Thanks! Whoooopeeee! It would have been a nightmare for a small business like my hardwood flooring company! On one job alone.....two 1099's; one for materials & one for sub-labor. Get government OUT OF OUR BUSINESS!!! Yeeeeeaaaahh! Link to comment Share on other sites More sharing options...
ErnstBlofeld Posted February 3, 2011 Share Posted February 3, 2011 Did someone slip a tablet of Rohypnol in the Dems coffee? Link to comment Share on other sites More sharing options...
Pepper Posted February 3, 2011 Share Posted February 3, 2011 One thing at a time. I'll take. What will Bozo do? Link to comment Share on other sites More sharing options...
ErnstBlofeld Posted February 3, 2011 Share Posted February 3, 2011 One thing at a time. I'll take. What will Bozo do? He going to sign the bill into law. There are enough votes to override his veto. Link to comment Share on other sites More sharing options...
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