Friday, November 19, 2010
Manchin Co-Sponsors Health Care Repeal
WEST VIRGINIA....
U.S. Senator Joe Manchin announced Friday that he is co-sponsoring an amendment that would repeal the portion of the federal health care reform legislation that requires small businesses to file 1099 forms, which would report payments made for certain goods and services to the IRS. Manchin says small businesses are struggling to make ends meet, and this large paperwork burden is the wrong approach to jump-start the economy. Manchin says the entire health care bill needs to be re-examined and changes need to be made right away, and repealing the 1099 provision which puts a burden on small businesses is the right way to start. Under the reform legislation as it now stands, Form 1099 would show how much money businesses pay to corporations, while keeping track of their tax liability. That measure would take effect in January 2012.
U.S. Senator Joe Manchin announced Friday that he is co-sponsoring an amendment that would repeal the portion of the federal health care reform legislation that requires small businesses to file 1099 forms, which would report payments made for certain goods and services to the IRS. Manchin says small businesses are struggling to make ends meet, and this large paperwork burden is the wrong approach to jump-start the economy. Manchin says the entire health care bill needs to be re-examined and changes need to be made right away, and repealing the 1099 provision which puts a burden on small businesses is the right way to start. Under the reform legislation as it now stands, Form 1099 would show how much money businesses pay to corporations, while keeping track of their tax liability. That measure would take effect in January 2012.# posted by Homer Owens @ 11:14 PM 
