Senate repeals part of health care law

by
February 3, 2011

By JENNIFER HABERKORN, 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.

It was included in the health law because it would have raised about $17 billion in previously uncollected taxes. A bipartisan collection of business groups have opposed the provision, arguing that it would bury them in paperwork.

The amendment was proposed by Sen. Debbie Stabenow (D-Mich.).

“This amendment is a common-sense solution for business owners who need to be focused on creating jobs, not filling out paperwork for the IRS,” she said.

Democrats blocked a similar amendment from Sen. Mike Johanns (R-Neb.) last year.

He had offered the amendment this week, but Stabenow’s got the vote.

“The net effect is that, the way I look at it, my desire is to get this repealed,” Johanns told POLITICO. “It’s a victory for the business community, churches and charities and state and local governments. So I’m not creating a fuss. I’d be happy to vote for the amendment whether it has my name on it or hers.”

The repeal would be paid for by requiring the Office of Management and Budget to find the funding in unspent but appropriated funds.

Sen. Carl Levin (D-Mich.) offered another amendment to repeal the provision but paid for it by issuing new taxes on oil companies.

To read more: http://www.politico.com/news/stories/0211/48726.html#ixzz1CtfyXzhZ

No comments yet - you can be the first!

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep the Fake News Media in check.

Don’t let the MSM censor your news as America becomes Great Again. Over 500,000 Americans receive our daily dose of life, liberty and pursuit of happiness along with Breaking News direct to their inbox—and you can too. Sign up to receive news and views from The 1776Coalition!

We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.
View our full privacy policy.