The Egg notes that one provision of ObamaCare, which has NOTHING to do with health, will simply crush small businesses.
There were a trio of changes buried on page 737 of the 936-page engrossed version of PlaceboCare, specifically in Section 9006, titled “Expansion of Information Reporting Requirements”
The buried changes amount to this: every business--EVERY ONE--must report ALL payments of over $600.00/year on a 1099 form, unless those payments went to a non-profit. Egg provides plenty of examples.
Think about that for a minute.
Next time Obama yaps his flap about the wonderfulness of small business, ask him about that provision.
He won't understand why anyone could object, of course.
He doesn't live in the real world.
Next time Obama yaps his flap about the wonderfulness of small business, ask him about that provision.
ReplyDeleteOnly if you want him to ramble for a half an hour...
I read the page and Section 9006 and it says no such thing. Care to elucidate?
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