Senate Scraps 1099 Requirement in Health Care Law

[The Northerner]

In a 81-17 vote, the Senate voted to roll back one of the most universally despised pieces of the 2010 Affordable Care Act -- a new requirement for businesses to fill out 1099 forms for every expenditure over $600.

There were two amendments written to do this on the floor. One, from Sen. Carl Levin, D-Mich., would have rolled back the requirement while introducing some new ways to get revenue -- which was the point of the requirement in the first place. It only got 44 votes. The amendment that sailed through simply killed the measure, and came from Sen. Debbie Stabenow, D-Mich., who is up for re-election in 2012. Very few of the Democrats up that year opposed her bill.

Source: http://www.slate.com/BLOGS/blogs/weigel/archive/2011/02/02/senate-scraps-1099-requirement-in-health-care-law.aspx

[pnwmom]

1. No big deal. n/t

[Abq_Sarah]

13. It's actually a BFD

To those of us expected to comply. It would have cost me time and money for compliance and it would have cost the Fed money to make sure I complied and meanwhile, they wouldn't have gotten one more cent in tax revenue from me.

[PBS Poll-435]

15. So true. And think about the other implications of it...

If you had purchased your monthly office suppies from Staples via your bank account/credit card/whatever...

And then you go to a store to purchase a box of paper clips....

No biggy. $2.50.

You pay in cash...

You forget to report that $2.50...

[pnwmom]

19. I meant that it was no big loss to the health care plan.

I'm glad it got repealed.

[PBS Poll-435]

2. They will have to make up the expected revenue elsewhere, but this is a good thing

The requirement of the 1099 section put an unnecessary burden on businesses.


And can you imagine the enforcement cost?

[Abq_Sarah]

9. The enforcement cost probably would have overshadowed

Any revenue collected.

The only way it would make money would be taxes off the profits from a billion new 1099 form sales.

[bbinacan]

3. Good! n/t

[dems_rightnow]

4. Very few pieces of legislation...

... have been so universally hated in completely bipartisan fashion.

It was atrocious legislation, with no regard at all for the costs and the burden placed on every business, large and small.

[emulatorloo]

7. Strange, recent polling indicates only 18% want it repealed

Majority either likes it or wants it built upon with improvements.

[dems_rightnow]

8. I was not referring to health care

Just the 1099 provision. No, that part is not wanted.

[emulatorloo]

18. agreed on 1099.

[Abq_Sarah]

10. 18% of who?

Certainly not the people who had to comply.

[emulatorloo]

17. ABC/Washington Post, Jan. 13-16. 18% Americans

http://www.langerresearch.com/uploads/1120a3%20Health%20Care%20Reform.pdf


45 percent support the law;
19 percent want to repeal some of it;
18 percent want to repeal all of it;
17 percent want to wait and see

[librechik]

5. yay! Now add Medicare for all...

[pa28]

6. Good choice.

Small business is struggling right now and the cost and time of compliance with this rule would have been significant.

[RegieRocker]

11. Huh? I receive a 1099 from anyone I charge over 600 to now.

This makes no sense.

[Abq_Sarah]

12. Are you selling goods or services?

Under the Baucus 1099 provision, I would have to 1099 the gas station, my cell phone provider, my landlord, my car insurance company, my liability insurance company, workers comp, office supply stores, hotels, airlines, etc... Any products purchased that totaled up to $600 per year would require a 1099.

[RegieRocker]

14. Who's dumb idea was this? Yea looked it up it needs terminated.

[girl gone mad]

16. Good. Many were planning on not complying with this requirement.

The burden on small businesses would have just been too great.