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Senate Democrats refuse to repeal Obamacare's onerous 1099 reporting requirement

The Barack Obama Death to Small Business Tax Reporting Act of 2010 will stand.

Senate Democrats successfully defeated an amendment offered by Senator Mike Johanns (R-Neb) that would have repealed an Obamacare provision which requires all businesses to file Form 1099 with the IRS for every vendor that sells them more than $600 in goods.

President Obama insists the reporting provision is necessary to ensure compliance with our tax laws. Business groups, and anyone with even an ounce of common sense, have pointed out that it is a regulatory nightmare.

Think about a midsized trucking company. The back office would have to collect hundreds of thousands of receipts from every gas station where its drivers filled up and figure out where it spent more than $600 that year. Then it would also need to match those payments to the stations' corporate parents.

See, this is what happens when you hire a bunch of academics who've never worked a real job in their lives and put them in charge of our economy. They say they're out to help small business, but the reality is quite different.

Just remember, when you vote for a Democrat this November, you are voting for shit like this. Or, you can wise up and throw the bums out.

By putting the Democrats out of a job you just might encourage businesses to start hiring again, which of course would do more to improve our economy than anything Barry and his rubber-stamp Congress has done.

UPDATE 15 Sep 2010 09:38:
Linked at Bread Upon the Waters!

And picked up by Doug Ross!

Thanks!

Posted at 14:32 by Chris Wysocki   [/obamacare]   Comments | Archived | Perm Link |
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