Very good news - the 1099 requirement in the healthcare bill will be repealed

• Manhattan Buckeye

  http://news.yahoo.com/s/ac/20110406/pl_ac/8228601_1099_repeal_bill_passed_by_senate
  
  Pres. Obama will likely sign the repeal. An enormous burden on all businesses, great and small, will not manifest itself. I suppose the only political question is who are the 12 Senators that voted against this?!
• BCBulldog

  

  One of the many Obamacare mistakes that needs fixed.
• CenterBHSFan

  

  I'd still like to know which individual thought that this was a "good idea" to include in the bill lol
• BCBulldog

  

  CenterBHSFan;735286 wrote:I'd still like to know which individual thought that this was a "good idea" to include in the bill lol

  
  Maybe some that voted against this bill like Reid, Leahy, Schumer, Pelosi, Frank, Kucinich, Waxman and the other usual suspects.
• I Wear Pants

  Which part of the bill was this again?
• CenterBHSFan

  

  I Wear Pants;735739 wrote:Which part of the bill was this again?

  The mountains of receipts part.
• Manhattan Buckeye

  I Wear Pants;735739 wrote:Which part of the bill was this again?

  
  Had nothing to do with healthcare, just the funding portion. All business to business transactions over $600 in the aggregate would need to be reported to the IRS. Get gas on the way to a business meeting - have to ask the owner what their EIN is. Stop at McDonalds at Port Columbus - have to ask the franchisee what their EIN is. Apparently some nitwit thought millions (if not billions) of more paperwork would catch tax cheats, the only thing it would catch is more red tape for businesses.
• I Wear Pants

  Oh, well then this is a good thing.
  
  Woohoo for logic winning this one time at least!