One Part Of Obamacare To Be Repealed for Sure

[ugonow]

At least hopefully,this dysfunctional body of scum can at least get this done----"Senate Democrats urge the House to repeal hated IRS rule

EmailPrint..Catherine Clifford, staff reporter, On Friday January 21, 2011, 5:26 am EST
Now that House Republicans have had their token show-vote on the health care law, Congress is turning its attention to one small provision that everyone agrees should be repealed.

On Thursday, three Senate Democrats wrote to House Speaker John Boehner urging the House to vote to repeal the so-called 1099 provision, a hated IRS rule that imposes new paperwork burdens on businesses.

The senators said they "are confident that the Senate can quickly act" on the repeal once the House has moved it along.

"The [1099 provision] is particularly onerous for small businesses ... who cannot afford to employ extra lawyers and accountants to comply with the new rules," Senators Ben Nelson, Maria Cantwell and Amy Klobuchar wrote.

Beginning in 2012, all companies will have to issue a 1099 IRS form not only to contracted workers, as they now must do, but also to individuals or corporations from which they buy more than $600 in goods or services in a year.

The 1099 form is used to document income for individual workers other than wages and salaries: Freelancers get them and businesses send them out.

Under the health care law, the 1099 form would be used to track payments for services and tangible goods. Also, it requires that 1099s be issued not just to individuals, but to corporations as well.

The new mandate has drawn sharp criticism from the business community, politicians and even President Obama. In November, President Obama pledged that he would support a repeal of the provision." ------What is good for business is good for our country.Untie their hands and stay out of their business.

[jkapp]

They've had three chances prior to this to repeal it (it came up for repeal three times last year). Where the hell was Obama and the Dems then? This could have already been over and done with but for some reason the Dems shot it down all three times. This is why "pass the bill and the tweek it" is such an arrogantly moronic path to take with government legislation.

[sesfw]

Whatever part of the bhocare repeal does not pass in the Senate, then the House should decline funding for it.

If bho refuses to sign the funding bill without bhocare funding, then he can shut the Federal government down ....... including bho's paycheck.

[upstatemom]

the 1099 requirement will be a nightmare... lets hope our elected reps are listening and do the right thing this time.

[deziloooooo]

Jan 22, 2011 10:49:36 GMT -5 jkapp said:

They've had three chances prior to this to repeal it (it came up for repeal three times last year). Where the hell was Obama and the Dems then? This could have already been over and done with but for some reason the Dems shot it down all three times. This is why "pass the bill and the tweek it" is such an arrogantly moronic path to take with government legislation.

So possible the fourth time will be the diamond received.

If the President is in favor of it, assuming the majority of the Republicans in the Senate are in favor of it and many of the Democrats too, going by the unusual letter to the head of the house, now will Boehner give in to the request.

My thinking here? He will not.

In his warped thinking,

Why not you ask? Boehners refusal? His agenda is to do and give the President and his party nothing they want , suggest , even if members of his own party , possible even himself feel it would be good legislation. That is not his agenda or in his feeling should be the agenda of the Republican party .

Thus, I don't think he will accede to the request, even though it seems it would be a easy Bi Partisan thing to get passed through both houses with a acceptance by the POTUS.

Any one want to find fault with my reasoning and thoughts on the matter?

[sesfw]

'Any one want to find fault with my reasoning and thoughts on the matter?'

Yes, and I have a question. Are you sure you are not describing Pelosi?

[deziloooooo]

Jan 22, 2011 19:24:01 GMT -5 sesfw said:

'Any one want to find fault with my reasoning and thoughts on the matter?'

Yes, and I have a question. Are you sure you are not describing Pelosi?

Unlike what most of the right would do same question different person. I give ya that one , in fact waiting for it. #thumbs up# There is a HOWEVER to go with it.

She had both houses in control of the Democrats, she SAID that she was looking to cooperate with the opposition, kept asking for their input[If given what she did with it is up for discussion and another thread]

She was given a job to do by the party leader , President, a list of initiatives he wanted done, she delivered them

New speaker well I have said it all....why repeat it, there is a difference.

He said before he was sworn in what his agenda is and has continues including saying , not insinuating , not muttering to himself as he looks at his face in the mirror, that the President of the United States words are filth , in public, to his followers, to the media.

He is their leader and while the President of China was still in the house so to speak. .

"Filth" You may agree but your nothing..he is someone.."Filth".....Republicans seem to have a way with words and then if called out on them get their undies all in a uproar and look everywhere but in the mirror to blame others...

You think that is the correct way for the leader of the House of Representative to refer to the President of the United States, my and your President..his words are FILTH??

If you do, see nothing wrong with them in fact welcome them then what are we wasting our time here for..I have grand kids who wouldn't use such a word to describe another's words and if they did they would be corrected. Possible that's the difference, you wouldn't correct your kids or grand kids or any one ..if they were aimed at another you don't support.
If so then you are taking all this to seriously and not really interested in discussions , just one up man ships and zingers.

"Presidents words are "Filth" un ^%&^%$ believable.

[jkapp]

>>Why not you ask? Boehners refusal? His agenda is to do and give the President and his party nothing they want , suggest , even if members of his own party , possible even himself feel it would be good legislation. That is not his agenda or in his feeling should be the agenda of the Republican party . <<

If that ends up being true then I guess the Democrats blew their first, second, and third chances to get rid of this legislation...three strikes and all that. ;D

[workpublic]

voices.washingtonpost.com/44/2011/01/three-democratic-senators-ask.html

[jkapp]

Jan 24, 2011 9:06:20 GMT -5 deminmaine said:

I agree that this part of the legislation should be repealed. I don't even see how it got in there.
Having said that, I think some people are making too much of how burdonsome this would be. It would be a matter of having the accounting software print 1099 reports for all vendors. A waste of time, paper and postage surely, but lawyers and accountants? Please.

Our company is going from about 60 1099s to aorund 6000...and all of that work is being done by the accounting department.

Some businesses use outside accounting firms to process their 1099s...and they will be going from just a few to hundreds or even thousands as well.

So, yes the costs can be burdensome, lawyers somewhat as some companies may need their legal staff to decifer whether certain payments qualify, but mostly by accountants who will be doing the bulk of the processing.

FYI, some accounting firms charge as much as $5 per 1099 processed...we could be talking HUGE expenses for companies - both big and small.

Oh, and for how it gopt in there: that is the problem with voting on something before you know what's in it!

[workpublic]

sounds like you'll need more employees. ;D

good luck being able to afford them though.

[floridayankee]

If the President is in favor of it, assuming the majority of the Republicans in the Senate are in favor of it and many of the Democrats too, going by the unusual letter to the head of the house, now will Boehner give in to the request.

My thinking here? He will not.

In his warped thinking,

Blah, blah, blah....more silly point and blame politics from the left. I especially love how this POS legislation called Obamacare, shoved down America's throat by liberal retards in DC, supported by damned near every left leaning poster on here is all of the sudden the fault of repubs and Boehner.

C'mon all you "must pass now and fix later health care reform" liberals...you got what you wanted....we're saved....obamacare is here....relish it....rejoice in it.

Quit yer whining and suck it up cupcake......you all own this piece of garbage, not the repubs.

[deziloooooo]

Jan 24, 2011 9:31:08 GMT -5 floridayankee said:

If the President is in favor of it, assuming the majority of the Republicans in the Senate are in favor of it and many of the Democrats too, going by the unusual letter to the head of the house, now will Boehner give in to the request.

My thinking here? He will not.

In his warped thinking,

Blah, blah, blah....more silly point and blame politics from the left. I especially love how this POS legislation called Obamacare, shoved down America's throat by liberal retards in DC, supported by damned near every left leaning poster on here is all of the sudden the fault of repubs and Boehner.

C'mon all you "must pass now and fix later health care reform" liberals...you got what you wanted....we're saved....obamacare is here....relish it....rejoice in it.

Quit yer whining and suck it up cupcake......you all own this piece of garbage, not the repubs.

Florida, Morning, ....I am ok with it , think we needed such legislation, if this has flaws in it then tweak it, but my post relates to a little diss at Boemer , as leader of..., not doing anything to give Obama , the dems anything they want, even if he knows it is good and even if his own people want it too.
No Victories , if you want to call it that.
I am saying it with tongue in cheek, granted, BUT the problem is, I may be correct and if so, as my frind William Bendix would say,

"What a revolting developement that is "

[floridayankee]

Florida, Morning,

Mornin dezi.....just wanted to clarify that my previous post wasn't directed (solely) at you....I just happened to pick yours to reply to.

if this has flaws in it then tweak it,

IF? IF??? What would you call the topic of discussion here? We're talking a pretty major "If" here...if you ask me.

but my post relates to a little diss at Boemer , as leader of..., not doing anything to give Obama , the dems anything they want, even if he knows it is good and even if his own people want it too.

Of course dems want to fix this so bad that they failed to do it takes to fix it while they held the majority in Congress. And, now that they failed to fix it, it's all the repubs fault.

....I am ok with it , think we needed such legislation,

So rather than actually reading, analyzing and making corrections to poor legislation before passing it, let's just shove this crap through and correct it....tomorrow? And now that that congress failed to fix their screwup "yesterday" it's now somehow the fault Boehner and the republicans "today"? How does this make any sense?

No wonder we have so much bad legislation dragging this country down. How many "tomorrows" were there between the time the legislation was signed and when America fired the retards that sold their vote to get this garbage passed?

Don't you know that "tomorrow" never comes?

ETA: And I did notice that Senator Ben "my vote is for sale" Nelson is one of the retards advocating this "fix". I you were being intellectually honest with yourself, you'd blame people like him, not Boehner for this 1099 mess.

[rockon]

Does anyone know who put this in the health insurance reform bill to start with and why? Assuming someone with a name did it and assuming there was a reason for it I would like to hear their explanation for it.

[ugonow]

We can not accept a partial repeal.It has been mandated by Americans all of it must go,and either fotgotten about,or have the industry fix itself. Libs will have this socialist agenda shoved where it don't shine. Then on to an even more costly and bigger afront to the constitution,medicare.

[ugonow]

Does anyone know who put this in the health insurance reform bill to start with and why? Assuming someone with a name did it and assuming there was a reason for it I would like to hear their explanation for it

It was part of Obamas agenda to stifle profits and business in order to advance his socialist shadow government.

[ChiTownVenture]

Does anyone know who put this in the health insurance reform bill to start with and why?

In theory this procedure would help identify companies that under-report income taxes. It would make it difficult to under-report taxes if other companies are telling the IRS exactly how much you were paid. Ideally this would increase tax revenue and help fund the program.

FYI.. We send out about 25-40 1099s per year. Our accounting software spits them out, all we have to do is order the forms and hit print. If the count shot up to 100 or 500 the increase in cost would be from the printing and the cost of the forms, there would be almost no increase in labor.

I do agree that the cost and effect of this mandate has been blown out of proportion.

[floridayankee]

FYI.. We send out about 25-40 1099s per year. Our accounting software spits them out, all we have to do is order the forms and hit print. If the count shot up to 100 or 500 the increase in cost would be from the printing and the cost of the forms, there would be almost no increase in labor.

I wouldn't imagine that there would be much of an increase with 100-500.

We're just a bit larger though. I'm looking through our customer database and I'm up to 5,600.

And I'm still in the E's.

And these are just our FL customers.

[ChiTownVenture]

We're just a bit larger though. I'm looking through our customer database and I'm up to 5,600.

You would be sending the 1099s to your vendors not your customers.

I guess my point was that the increase is printing time and supplies more than anything else.

[deziloooooo]

Jan 24, 2011 10:34:45 GMT -5 ChiTownVenture said:

Does anyone know who put this in the health insurance reform bill to start with and why?

In theory this procedure would help identify companies that under-report income taxes. It would make it difficult to under-report taxes if other companies are telling the IRS exactly how much you were paid. Ideally this would increase tax revenue and help fund the program.

FYI.. We send out about 25-40 1099s per year. Our accounting software spits them out, all we have to do is order the forms and hit print. If the count shot up to 100 or 500 the increase in cost would be from the printing and the cost of the forms, there would be almost no increase in labor.

I do agree that the cost and effect of this mandate has been blown out of proportion.

And they , both, will probably argue and discuss it till the "cows come home", then pass it and then claim a great Bi Partison decision, yet never get to the real meat of the problems facing the nation, but go home and shout their success.

[fairlycrazy23]

It was put in as part of balancing out the bill, so that the CBO would score the bill as 'good'

[floridayankee]

Jan 24, 2011 11:09:35 GMT -5 ChiTownVenture said:

We're just a bit larger though. I'm looking through our customer database and I'm up to 5,600.

You would be sending the 1099s to your vendors not your customers.

Correct. So we will have to take all these 1099's from tens of thousands of customers and match them up with the A/R of every single one of them to double check they are not reporting the incorrect dollar amounts to the IRS.

I guess my point was that the increase is printing time and supplies more than anything else.

On that point, I might agree since our A/P is "limited" to a couple hundred vendors for all of last year...but you're only looking at one half of the process. If you sold a thousand dollars worth of merchandise to a customer, are you not going to make sure their accountant didn't "stutter" on the zeros and accidentally report ten thousand?

[ChiTownVenture]

are you not going to make sure their accountant didn't "stutter" on the zeros and accidentally report ten thousand?

No. most likely it will be up to the IRS to find that there is a discrepancy, and what allowances will be made.

The IRS hasn't finished developing all the procedures for the new regulation, and up until September of last year was inviting taxpayers to participate in developing the rules.

These concerns would have to be addressed.

[floridayankee]

Jan 24, 2011 14:12:07 GMT -5 ChiTownVenture said:

are you not going to make sure their accountant didn't "stutter" on the zeros and accidentally report ten thousand?

No. most likely it will be up to the IRS to find that there is a discrepancy, and what allowances will be made.

lol...you never met my boss. You never met the owners of my company.

[burnsattornincan]

Imagine enjoying the freedom and avoidance of all the hassles that go with corporate taxation including this idiotic 1099 subject. Completely eliminating corporate tax which would be revenue neutral would immensely simplify running a business and create hundreds of thousands of jobs. There would be a good crop of freshly fired IRS personnel, tax lawyers and accountants to fill new positions in all the companies that would choose to do business in the United States.

[fairlycrazy23]

Jan 24, 2011 14:37:51 GMT -5 burnsattornincan said:

Imagine enjoying the freedom and avoidance of all the hassles that go with corporate taxation including this idiotic 1099 subject. Completely eliminating corporate tax which would be revenue neutral would immensely simplify running a business and create hundreds of thousands of jobs. There would be a good crop of freshly fired IRS personnel, tax lawyers and accountants to fill new positions in all the companies that would choose to do business in the United States.

I'm all for it, it would probably be quite fair. Always remember corporation pay taxes out of the money that consumers give them,so the consumers pay the tax. Domestic companies are at a tax disadvantage from foreign companies

[floridayankee]

Jan 24, 2011 14:37:51 GMT -5 burnsattornincan said:

Imagine enjoying the freedom and avoidance of all the hassles that go with corporate taxation including this idiotic 1099 subject.

The whole (1099 for business - business transactions as being discussed) idea is idiotic. If two people are engaged ina transaction and income is not reported now, what makes them think this will change anything?

"Hey, let's do this deal and I'll give you an extra 10% discount if you can "forget" about the 1099. What'ya say? Do we have a deal?"

Reality check...despite current tax law, income goes unreported / under reported now. This BS won't change a thing.

[ChiTownVenture]

tax lawyers and accountants to fill new positions in all the companies that would choose to do business in the United States.

Keep in mind that Federal Taxes are not the only taxes that companies pay. I could see states raising their corporate tax rates substantially knowing that companies are no longer paying Federal Taxes.

[burnsattornincan]

When I said "completely" eliminate corporate taxation, that is what I meant, ie: no federal or state income tax. Of course any municipal taxes for infrastructure would remain.

You made me think of another corporate tax subject that being the federal and/or state taxes they pay on supplies. Typically they pay the tax when purchasing but get it back at the time of year end filing in the form of tax credits. This scheme could remain as part of a one page very simple return just to let the feds know you still exist.