Senate Democrats Seek Repeal of 1099 Reporting Provision

Senate Democrats “don’t plan to join the House in voting to repeal the massive new health care law, but they do want to eliminate a small portion of the law that is unrelated to health care,” the AP reports.

Three Senate Democrats wrote House Speaker John Boehner Thursday, asking him to pass a bill repealing a new tax filing requirement for businesses. Starting in 2012, nearly 40 million U.S. businesses would have to file tax forms for every vendor that sells them more than $600 in goods.

The provision is expected to raise $19 billion over the next decade, to help pay for the health care law. Senators Ben Nelson of Nebraska, Maria Cantwell of Washington and Amy Klobuchar of Minnesota, said the Senate would act quickly if the House repeals the provision.

1 Comment

Filed under Health, House of Representatives

One response to “Senate Democrats Seek Repeal of 1099 Reporting Provision

  1. Daniel Palos

    Why an arbitrary number like six hundred? Why not one thousand for simplification and convenience to the private sector.

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