Mar 11 2011
Senate Majority Leader Harry Reid, D-Nev., has put the measure back on the Senate's calendar and hopes to move it forward after the chamber completes it work on the 2011 continuing resolution.
The Hill: Lawmakers Pressing To Finish Work On 1099 Repeal
House lawmakers are stepping up their pressure on the Senate to complete work this week on a repeal of the 1099 provision included in the health care law despite a dispute over how the $22 billion cost is covered. House Ways and Means Chairman Dave Camp (R-Mich.) said the House-passed measure, which received support from 76 Democrats, and now appears to have Democratic leadership support in the upper chamber, could be sent to President Obama this week. The Senate isn't expected to bring up the measure this week, a senior aide told The Hill. "After nearly a year of discussing, debating and voting, we have the opportunity to finally prevent small businesses from being buried under a job-crushing avalanche of new 1099 tax reporting requirements," Camp said in a statement (Needham, 3/9).
National Journal: 1099 Repeal Back On Senate Calendar
Senate Majority Leader Harry Reid, D-Nev., put the repeal of a much-maligned tax provision in the health care law back on the Senate calendar, and voiced tepid support for the House version to repeal the measure. An aide to Sen. Reid said the repeal bill would not come up this week, and said Reid hoped to move to a small business bill after votes on the 2011 continuing resolution. The House voted last Thursday to repeal a provision in the health care law that requires businesses to file a 1099 tax form for purchases made over $600. The repeal costs money — $22 billion — but the bill passed last week offsets this cost with a mechanism called a pay-for, which requires people who make 400 percent of the federal poverty limit to repay health insurance exchange subsidies if they start making more money over the course of a year (McCarthy, 3/9).
This article was reprinted from kaiserhealthnews.org with permission from the Henry J. Kaiser Family Foundation. Kaiser Health News, an editorially independent news service, is a program of the Kaiser Family Foundation, a nonpartisan health care policy research organization unaffiliated with Kaiser Permanente. |