Wednesday, January 26, 2011

Elections Matter; the Section 9006 Repeal

There is no "most awful" part of ObamaCare. The whole thing is a Zorg/destruction machine. (Don't know from "Zorg"? You haven't read your Calvin & Hobbes.)

But one particularly obnoxious provision is headed to the scrap heap.

...a bipartisan coalition of 54 senators introduced a bill to get rid of the mandate that both sides agree will prove burdensome for business.

The provision, outlined in Section 9006 of the law, requires businesses to report to the Internal Revenue Service any transaction -- the sale of goods or services -- engaged in with another business that is valued at more than $600. This would mean that a business would have to file a 1099 tax form in many cases for such transactions as hotel stays, meals, and purchases of office supplies.

Manchin (D-WVA) is a cosponsor. Another similar bill is being sponsored by Reid (D-Hack).

Whether you ascribe this to the '10 elections or the current ('12) campaign, it's a victory for the TEA Party.

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