Fairfax, VA – Americans for Limited Government (ALG) expressed
extreme disappointment that the U.S. Senate failed to allow a vote that
would have eliminated a provision in the recently passed Obamacare law
which requires businesses to report expenditures with another business
that exceeds $600, but praised Nebraska Senator Mike Johanns for
introducing the amendment to repeal of the measure.
Bill Wilson, ALG president praised Johanns for offering the amendment
saying, “Senator Johanns is to be commended for trying to fix this
problem. It is simply outrageous that this Congress continues to ignore
the damage that they are doing to our nation’s job producers through
massively expensive paperwork burdens, it’s almost as if they don’t want
people to get jobs.”
Johanns’ amendment would have repealed a portion of the new health
care law that requires businesses to file paperwork (known as 1099
forms) with both the IRS and the business that provided services or sold
products to them that exceeded $600 over the course of a year.
Additionally, the company that received the services or purchased the
products with a purchase price in excess of $600 would have to file 1099
forms with the IRS and their business customer.
“The failure of this Congress to fix this single, obviously
destructive provision, shows just how out of touch the current
leadership is,” Wilson concluded.
The blizzard of paperwork is scheduled to begin in January 2012.
Get permalink here.
No comments:
Post a Comment