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Senate repeals part of health care law

 
1099
User ID: 1249788
United States
02/02/2011 08:05 PM
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Senate repeals part of health care law
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.

Read more: [link to www.politico.com]


s226
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02/02/2011 08:11 PM
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Re: Senate repeals part of health care law
Forgot to add,

++++++BREAKING++++++
Anonymous Coward (OP)
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02/02/2011 08:38 PM
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Re: Senate repeals part of health care law
No more 1099 filings for 600 business transactions!

hf
Anonymous Coward (OP)
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02/02/2011 08:38 PM
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Re: Senate repeals part of health care law
$600
Anonymous Coward
User ID: 30966
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02/02/2011 08:42 PM
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Re: Senate repeals part of health care law
No more 1099 filings for 600 business transactions!

hf
 Quoting: Anonymous Coward 1249788


Even the people in govt don't really want this... it will too easily expose their criminal behavior of using corporations to shelter reporting, things like using corporations for stock trading accounts (no tax reporting) unlike personal stock accounts.

It would have caused a paperwork nightmare anyhow...