By Jon H. Harsch
© Copyright Agri-Pulse Communications, Inc.
WASHINGTON, April 5 – Following earlier House passage, the Senate voted Tuesday to repeal the health care law’s 1099 tax reporting requirement. With this 87-12 Senate vote, the non-controversial legislative fix is now ready for President Obama to sign.
Sen. Mike Johanns, R-Neb., immediately welcomed the vote, commenting that “After nearly a year of hard work, I'm pleased to announce today that the 1099 tax paperwork repeal is finally on its way to the President's desk. Our nation's job creators can breathe a huge sigh of relief knowing a simple signature from the President is the only step left to ending this paperwork nightmare once and for all. I applaud my Senate colleagues for voting today to avoid further delays and finally giving our small businesses the certainty they need so they can grow and expand.”
The White House also welcomed the vote, issuing this statement: “As the President said during the State of the Union, we are open to working with Republicans and Democrats to improve the health reform law and we are pleased Congress has acted to correct a flaw that placed an unnecessary bookkeeping burden on small businesses. Small businesses are the engine of our economy and eliminating the 1099 reporting requirement is the right thing to do. As we move forward, we look forward to improving the tax credit policy in this legislation to ensure we protect small businesses and middle-class families. And the administration remains eager to work with anyone with ideas about how we can make health care better or more affordable for all Americans.”
To return to the News Index page, click: www.agri-pulse.com