Senate Democrats on Tuesday defeated an amendment offered by Sen. Mike Johanns (R-Neb.) that would have rescinded a provision of the recently-passed health care legislation that Johanns contends will cripple American businesses and stifle job growth. Speaking at an event hosted by Obamacare Watch at the National Press Club, Johanns slammed Section 9006 of the mammoth bill, which requires a "2,000 percent increase" in mandatory filings of 1099 tax forms for businesses, charities, state and local governments, and even churches. Johanns said Democrats stealthily slipped the onerous new requirements into the bill as an added source of revenue to help foot the overall legislation's multi-trillion dollar price tag, and did not consider the effect it would have on businesses across the country. Read more here:
Amendment to Help Businesses is CRUSHED
Posted by
Jim Spence
on Wednesday, September 15, 2010
Labels:
U.S. Politics
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