Posted on 11/04/2010 10:46:00 AM PDT by markomalley
Yesterday, in President Obama’s press conference he mentioned the possibility of eliminating the health care bill’s onerous 1099 provision — which requires small businesses to submit a 1099 form to the IRS every time they make an expenditure of $600 or more — as point of potential comprise with the GOP on health care reform. (Of course, it wasn’t that long ago Democrats were protecting the provision from GOP attempts to repeal it, but funny how post-election the President seems a bit more flexible on the matter.)
In any event, soon-to-be-former Speaker of the House Nancy Pelosi just gave an interview to Diane Sawyer at ABC News where they discussed health care reform:
So, I– I don’t– I don’t– think they’re going to take health care apart. There are certain parts of it that we all may want to review– one way or another. Put it up there. But the fundamentals of it, you know, when we have our patients’ bill of rights about no preexisting conditions, and those provisions, they are– they cannot be there unless you have this basic structure of health care reform.
So, when we have this debate piece by piece, I think the American people will see how they like pieces of it, and how they relate to each other. And that some of that– you know, a 1099, it was a Senate provision. We didn’t like it in the House. The President mentioned it today. We’ve already passed on the floor– the repeal of 1099 in the House of Representatives. So, you know, there are certain pieces of it that should always be subjected to review.
Um, okay. First, Pelosi’s flat out wrong about one thing. The 1099 provision was included in the language of the House bill, perhaps Pelosi will get around to reading it one of these days. As for whether the House has passed a repeal of the 1099 provision, I don’t know what she’s talking about either. Republicans attached a motion to recommit the 1099 provision to H.R. 5893 over the summer. Rather than allow the 1099 provision to be repealed, Democrats pulled the bill. It was brought up again shortly afterward and it failed to garner the two-thirds needed for passage because Democrats used tax increases elsewhere to make up for the money that would be lost.
Pelosi can spin all she wants, but the President’s concession on the 1099 provision should be seen for what it is — a total about face on the issue.
Well, duh.
It was obvious from the git-go that the ignorant sl*t couldn’t read at all.
After all, she’s in congress.
There is also a 3.8% Tax appllied to all real estate sales. Yes. Its in there. No one knows about it yet. Sell a 500K house= $19,000.
Obama and Pelosi would love to see the Reps just tinker with bill, improving parts of it like the 1099. It needs to be repealed, not improved.
Just too damn funny.
If they make any changes to it, it should always include Nancy Pelosi as the sole exception to it. She needs to fill out a 1099 when buying a cup of coffee!
SHOULD HAVE READ
So, I– I don’t– I don’t– think.
Republicans should probably leave the 1099 provision in there, just so all of Obamacare collapses from non-compliance.
There’s also something in the OBAMACARE BILL about tracking or regulating GOLD Sales !!
Just received my first taste of health care reform - a 40% increase in my premium.
Take it all apart
Throw it all away.
Also the unconstitutional crap in the stimulus.
The harm these commies mean to inflict on us is many faceted but they knew what was in it. They lie.
Never forget.
The talk about the 1099 provision is nothing other than a smokescreen.
People need to know that the newly elected congressmen/women will have staff that is sent from the "leadership" to work in their offices. They will work their ways and influence the outcome of legislation.
It's a little more complicated than that and not as onerous. But it does get the camels nose under the tent.Note it's on profits not on the gross sales price.
The 3.8% real estate sales tax only applies to single tax payers making more than $200,000 or joint taxer payers making more than $250,000 AND you wouldn't pay on the first $250,00 in profits for a single tax payer or $500,000 in profits for a joint tax payer.
Not to be fogotten:
Dr. David Janda explains rationing and why
http://www.youtube.com/watch?v=8HnkxIh62dQ&NR=1
Obamacare Endgame: Doctors Will be Fined or Jailed if they Put Patients First
by Dr. Elaina George
Ruin Your Health With the Obama Stimulus Plan
http://www.bloomberg.com/apps/news?pid=newsarchive&refer=columnist_mccaughey&sid=aLzfDxfbwhzs
Federal Coordinating Council for Comparative Effectiveness Research Membership
Recovery Act Allocates $1.1 Billion for Comparative Effectiveness Research
http://www.hhs.gov/recovery/programs/os/cerbios.html
OBAMACARE’S LETHAL THIRD RAIL SHOCK TO COME
I’ve been investing in lead and utensils that use lead instead of gold for the last two years .
There’s also something in the OBAMACARE BILL about tracking or regulating GOLD Sales !!
It’s the same provision, if you sell gold worth more than $600 you will get a 1099.
The following is my understanding of the “3.8% Medicare Tax,” which goes into effect in 2013, and the revenues from which will go into the Medicare Trust Fund:
Tax on real estate transactions depends on your income and whether or not you are single or married and filing jointly. The tax doesn’t apply to the first $250K of UNEARNED income (which may or may not be from the sale of property) for individual taxpayers and $500K for married couples filing jointly. Since, most taxpayers make less than $200K per year and most home sales don’t clear profits exceeding $200K, the vast majority of Americans will not be subject to the tax.
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