Republicans fight to end 1099 provision in HC bill

Discussion in 'Politics' started by chanel, Sep 13, 2010.

  1. chanel
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    chanel Silver Member

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    FOXNews.com - Nebraska Senator Aims to Repeal Tax-Reporting Mandate in Health Care Law

    Common sense at last.
     
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  2. The Rabbi
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    The Rabbi Diamond Member

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    This is one of the most destructive provisions in this bill. The paperwork for this would be a nightmare. Even a small business like mine probably has 7-8 vendors that would fall into that category. Since paperwork is already overwhelming, this makes it worse.

    Of course for liberals, wealth is just "out there somewhere" so they can't understand why companies wouldn't hire an extra compliance person. After all, it's for the children.
     
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  3. chanel
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    chanel Silver Member

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    And more importantly, the IRS can hire 15,000 more agents to check that companies have paid their electric bill. It wouldn't occur to them that the electric would be cut off if they didn't. :cuckoo:
     
  4. antagon
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    antagon The Man

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    depending on the type of business you have, this could be a real nightmare. retailers sourcing from a bunch of vendors will have it rough. my guess is that this will be automated for business people operating in the 21st century, though. that is, those of us who at least use quickbooks or something.

    the part i'm really concerned about are my deductions. to report all of that smoothly, i will probably have to get charge cards for guys who i don't want to get charge cards for... entering into the 21st century myself.

    this squeezes small business filings while the bigger firm's loopholes still flap in the wind.
     
  5. Madeline
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    Madeline BANNED

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    Quantum Windbag told me about this first...and I argued vehemently with him that it could not be true. Made no sense, accomplished too little, burdened small business far too much, etc. I had to eat crow when he showed me I was wrong, but truely, my sense of astonishment ain't hard to appreciate, is it?
     
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  6. CrusaderFrank
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    CrusaderFrank Diamond Member

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    This is why Progressives must never ever be allowed to hold a position in government ever again.
     
  7. Intense
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    Intense Senior Member

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    This aspect of the Bill is total Bullshit. Another example of Asshole's flexing their muscles, placing further burden's on small businesses, that really serves no new purpose other than to expand bureaucracy and driving up the cost of services. This is redundant.
     
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  8. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Whaddyaknow, we really did have to read the bill to find out what's in it
     
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  9. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Ben Nelson should drop dead
     
  10. chanel
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    chanel Silver Member

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    "We have to pass it so you know what's in it".

    Check out this NY Times article.

    http://www.nytimes.com/2010/09/12/health/policy/12health.html?_r=1&th&emc=th

    Madeline shouldn't feel bad. Nobody knew. Except a few of us on USMB. :eusa_whistle:
     
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