chanel
Silver Member
Support is strong in the Senate for repealing a tax on businesses buried deep in the health care law, but President Obama is angling against it, Sen. Mike Johanns, R-Neb., a lead critic of the tax, said Sunday.
Johanns told Fox News that compliance with the new law, which demands that companies that make purchases worth more than $600 must file a 1099 reporting form to the vendor and the Internal Revenue Service, will cost billions of dollars and is not worth the price for exposing tax cheats
Johann's Democratic colleague, Florida Sen. Bill Nelson, has offered an alternative to Johann's amendment that would increase the reporting requirement for purchases worth more than $5,000 a year, and would apply only to companies with more than 26 employees.
The Republican senator said that's not good enough.
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FOXNews.com - Nebraska Senator Aims to Repeal Tax-Reporting Mandate in Health Care Law
Common sense at last.