Senate To Vote On Repeal Of 1099 Provision.

The National Journal (3/30, subscription required) reports that the “Senate inched closer to a repeal of a much-maligned 1099 tax-reporting provision on Tuesday evening, with a potential agreement that could send the bill straight to President Obama’s desk.” The Journal adds that the “chamber could vote Wednesday morning on an amendment from Sen. Mike Johanns, R-Neb., on the small-business bill currently on the Senate floor.” If the amendment passes, “the Senate could then use a procedural maneuver” to send it to the president. Notably, earlier this month, the House passed a similar provision.

        The Hill (3/30, Millman) “Healthwatch” blog reports that the “Senate is set to vote today on three proposals for repealing a widely loathed tax reporting requirement included in healthcare reform, Senate Majority Leader Harry Reid (D-Nev). told reporters this afternoon.” The Hill adds that both “Democrats and Republicans favor repeal of the so-called 1099 reporting requirement, but they disagree on how to fund its repeal.”

        The Hill (3/29, Kasperowicz) “Floor Action Blog” reported that Senator Mike Johanns (R-Neb.) “warned that the failure of the Senate to pass a clean version of his amendment to repeal controversial IRS reporting language would put Congress at risk of never passing it, and letting it take effect next year to the detriment of US companies.”

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s