Posted on 04/17/2011 3:46:27 PM PDT by Nachum
Ed. note: This was originally posted on the Small Business Administration blog.
Today, President Obama signed a law that removes the expanded “1099” reporting requirement from the Affordable Care Act. This is a big win for small businesses.
The SBA and President Obama supported repealing this provision, which would have required businesses to send 1099 forms for all purchases of goods and services over $600 annually. With this bipartisan effort, we have removed a requirement that would have been an undue barrier to small business growth.
The many benefits of the health reform law for small businesses remain in place. These tools are already helping small business owners find more affordable and accessible coverage for themselves and their employees.
(Excerpt) Read more at whitehouse.gov ...
You can make any legal or ethical argument for its repeal and the administration will greet the objection with obfuscation, catterwalling, and out right lies.
I wasn’t going to comply anyway.
The Demorats probably wanted to do both ...
LOL....that’s pretty good!
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