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.”