Finally!

[TAXBILLY]

http://www.washingtonpost.com/blogs/2chambers/post/senate_votes_to_repeal_health_care_laws_1099_provision_sending_on_to_president_obama/2011/04/05/AFySC7jC_blog.html?wprss=rss_politics

taxbilly

[Catherine]

http://www.washingto...ss=rss_politics

taxbilly

Yay!! --Here's hoping it gets _signed_.

[Yardley CPA]

http://www.washingtonpost.com/blogs/2chambers/post/senate_votes_to_repeal_health_care_laws_1099_provision_sending_on_to_president_obama/2011/04/05/AFySC7jC_blog.html?wprss=rss_politics

taxbilly

I think the President will be quick to sign this into law!

[kcjenkins]

IF HE DOES NOT SIGN THIS ONE, WE SHOULD ALL MARCH ON DC WITH PITCHFORKS, TAR, FEATHERS AND A RAIL.

[kcjenkins]

The name of the bill was SMALL BUSINESS PAPERWORK MANDATE ELIMINATION ACT OF 2011

I don't mean to sound partisan, but they are ALL Democrats. Including the two leaders, Reid and Pelosi.

IN THE SENATE H.R. 4 TO REPEAL THE 1099 PROVISIONS

NAYs ---12

Akaka (D-HI)

Durbin (D-IL)

Harkin (D-IA)

Inouye (D-HI)

Lautenberg (D-NJ)

Leahy (D-VT)

Levin (D-MI)

Mikulski (D-MD)

Murray (D-WA)

Reid (D-NV)

Sanders (I-VT)

Schumer (D-NY)

IN THE HOUSE

NAYS ---112

Raul Grijalva (D-AZ)

Karen Bass (D-CA)

Xavier Becerra (D-CA)

Howard Berman (D-CA)

Lois Capps (D-CA)

Judy Chu (D-CA)

Anna Eshoo (D-CA)

Sam Farr (D-CA)

Bob Filner (D-CA)

John Garamendi (D-CA)

Michael Honda (D-CA)

Barbara Lee (D-CA)

Zoe Lofgren (D-CA)

Doris Matsui (D-CA)

George Miller (D-CA)

Grace Napolitano (D-CA)

Nancy Pelosi (D-CA)

Lucille Roybal-Allard (D-CA)

Brad Sherman (D-CA)

Pete Stark (D-CA)

Mike Thompson (D-CA)

Maxine Waters (D-CA)

Henry Waxman (D-CA)

Lynn Woolsey (D-CA)

Diana DeGette (D-CO)

Jared Polis (D-CO)

Rosa DeLauro (D-CT)

John Larson (D-CT)

Christopher Murphy (D-CT)

Corrine Brown (D-FL)

Ted Deutch (D-FL)

Alcee Hastings (D-FL)

Debbie Wasserman Schultz (D-FL)

Frederica Wilson (D-FL)

Hank Johnson (D-GA)

John Lewis (D-GA)

Colleen Hanabusa (D-HI)

Mazie Hirono (D-HI)

Danny Davis (D-IL)

Luis Gutierrez (D-IL)

Jesse Jackson (D-IL)

Bobby Rush (D-IL)

Jan Schakowsky (D-IL)

Andre Carson (D-IN)

Cedric Richmond (D-LA)

Michael Capuano (D-MA)

Barney Frank (D-MA)

Stephen Lynch (D-MA)

Edward Markey (D-MA)

Jim McGovern (D-MA)

Richard Neal (D-MA)

John Olver (D-MA)

John Tierney (D-MA)

Niki Tsongas (D-MA)

Elijah Cummings (D-MD)

Donna Edwards (D-MD)

Steny Hoyer (D-MD)

John Sarbanes (D-MD)

Chris Van Hollen (D-MD)

Michael Michaud (D-ME)

Hansen Clarke (D-MI)

John Conyers (D-MI)

John Dingell (D-MI)

Dale Kildee (D-MI)

Sander Levin (D-MI)

Keith Ellison (D-MN)

Betty McCollum (D-MN)

William Lacy Clay (D-MO)

Emanuel Cleaver (D-MO)

Bennie Thompson (D-MS)

Brad Miller (D-NC)

Melvin Watt (D-NC)

Rush Holt (D-NJ)

Frank Pallone (D-NJ)

Bill Pascrell (D-NJ)

Donald Payne (D-NJ)

Steven Rothman (D-NJ)

Ben Lujan (D-NM)

Gary Ackerman (D-NY)

Yvette Clarke (D-NY)

Joseph Crowley (D-NY)

Eliot Engel (D-NY)

Maurice Hinchey (D-NY)

Nita Lowey (D-NY)

Gregory Meeks (D-NY)

Jerrold Nadler (D-NY)

Charles Rangel (D-NY)

Jose Serrano (D-NY)

Paul Tonko (D-NY)

Edolphus Towns (D-NY)

Anthony Weiner (D-NY)

Marcia Fudge (D-OH)

Marcy Kaptur (D-OH)

Dennis Kucinich (D-OH)

Tim Ryan (D-OH)

Betty Sutton (D-OH)

Earl Blumenauer (D-OR)

Robert Brady (D-PA)

Mike Doyle (D-PA)

Chaka Fattah (D-PA)

Allyson Schwartz (D-PA)

James Clyburn (D-SC)

Lloyd Doggett (D-TX)

Sheila Jackson Lee (D-TX)

Eddie Bernice Johnson (D-TX)

James Moran (D-VA)

Robert Scott (D-VA)

Norm Dicks (D-WA)

Jim McDermott (D-WA)

Tammy Baldwin (D-WI)

Ron Kind (D-WI)

Gwen Moore (D-WI)

Use the information as you choose..............

[JohnH]

I guess we know who is getting their bribes (er, I mean "campaign contributions") from the paper industry lobbyists.

[kcjenkins]

The true irony is that if that law had stood, the IRS could not possibly have handled the absolute FLOOD of 1099s, even if many of them were filed electronically. Look how slow they were in acking the ones we sent in this year.

[MontanaEA]

I would guess the votes against it were because this was supposed to help fund the provisions of the Health Care bill. I'm not defending it, or agreeing with it - just explaining it, because KC didn't want to sound partisan. Anyway, it passed, as they all knew it would when they made their votes against it, and that's likely a good thing.

[kcjenkins]

Yeah, it was supposed to help fund ObamaCare. Like that flood of forms was going to magically make a lot of unreported income show up! Even if that were true, which I sincerely doubt, the new bill replaces that with other revenue sources, so the nay votes were purely political, not based on any estimated 'loss of revenue'.

[BulldogTom]

Yeah, it was supposed to help fund ObamaCare. Like that flood of forms was going to magically make a lot of unreported income show up! Even if that were true, which I sincerely doubt, the new bill replaces that with other revenue sources, so the nay votes were purely political, not based on any estimated 'loss of revenue'.

I have to disagree with you on this one KC. I think the IRS would be busy auditing all the new "revenue" that is not being reported now. You and I see it all the time. Client with a small business comes in and you ask how much revenue they have. They hand you the 1099's and say that is it. We know better. But they only seem to think they have to report what is on the 1099's. And since small businesses are increasingly incorporating, they are not getting any 1099's. I think this would have produced a flood of new taxes for the government.

That being said, I think the law overreached and was not well written. I am glad it was repealed.

But I would support a 1099 program that inclueded payments to Corps. Start with S-corps for a few years, then to C-corps under 1 million in revenue. Yes, I understand that small businesses are under a tremendous burden of paperwork, but I also know that they cheat on revenue as much as sole proprietors.

Just my opinion.

Tom

Lodi, CA

[chadlonetree]

I heard Michael Scott has to leave Dunder Mifflin. Maybe it is because he had a deal to supply the IRS with all the new 1099 forms?

[kcjenkins]

Yes, Tom, but we also know that all the 'smart' crooks report all their income, it's on the expenses that they cheat. They know it is much harder to convict someone of tax fraud on unsupported deductions than it is on under-reported income. Juries tend to sympathize with someone who says, 'I lost the receipts, but I know I paid the expenses" while they find it much harder to buy the defense that "I forgot that I got paid that money".

I'm not disputing that it would have brought in some more money, just questioning the huge amounts they claimed it would bring in, which were pure guesstimates. And it would have put a huge burden on all businesses, a cost that they ignored. If they had considered that, they could surely have written a more targeted, less extreme version that would still have done what you want without making us all have to send Staples and WalMart 1099s!!!!! They were not going to get any new revenue from the large public corps, who have to deal with audited financials, etc.

[BulldogTom]

>>They were not going to get any new revenue from the large public corps, who have to deal with audited financials, etc.<<

On that we can agree. Unless it was Enron.

Tom

Lodi, CA