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Worthy Opinions » The 1099 Insurrection

The 1099 Insurrection

Wednesday, September 15, 2010 (1:20 pm)

You might not have seen it reported, but the Senate will vote this morning on whether to repeal part of ObamaCare that it passed only months ago. The White House is opposed, but this fight is likely to be the first of many as Americans discover — as Nancy Pelosi once famously predicted — what’s in the bill.

The Senate will vote on amendments to the White House small business bill that would rescind an ObamaCare mandate that companies track and submit to the IRS all business-to-business transactions over $600 annually. Democrats tucked the 1099 reporting footnote into the bill to raise an estimated $17.1 billion, part of the effort to claim that ObamaCare reduces the deficit by $100 billion or so.

…read more at the Wall Street Journal

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  • wailes blalock jr

    Anyone that was looking, should have known, that this was going to happen. Tragic, we have been punked.

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