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US Senate Passes Measure To Repeal Tax-Reporting Requirement – WSJ.com

February 2, 2011

US Senate Passes Measure To Repeal Tax-Reporting Requirement – WSJ.com.

Step one in repealing the monstrously retarded bill dubbed Obamacare was passed today in the Senate with an 81-17 vote to cut the 1099 filing requirement.  Here is what the Dow Jones via the WSJ had to say:

The vote was 81-17 to add the repeal of the tax-reporting requirement to a must-pass bill funding the Federal Aviation Administration.

So, once again our politicians display their intestinal fortitude by tacking on the repeal of a provision that is universally hated to a “must-pass” bill – wonder if those 17 nay-sayers would agree with that description?

WSJ continues:

The rules, which were to take effect in 2012, require businesses to file 1099 forms with the Internal Revenue Service showing payments of less than $600 to suppliers and service providers.

The requirement is perceived by small businesses as a bureaucratic nightmare, requiring piles of paperwork. But because the mandate was expected to prompt service providers to pay taxes they might have otherwise ignored, repealing it has been challenging.

Hmm, perceived?  I guess this is Dow Jones being non-biased (not complaining, just saying).  The second paragraph is rather telling – doesn’t it seem like Obamacare was more a tax hike than anything else?

Democrats earlier tried to make up for the lost revenue by taking away tax breaks for oil and gas companies, but that measure failed on Wednesday by 44-54. Instead, the Senate by 81-17 voted to repeal the paperwork requirements and make up for the lost revenue by cutting funds that had been set aside for future spending.

Funds set aside for future use?  Aww, poor Senate, we are forcing them to rob their slush fund.  Poor guys.  I really hate my government.

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10 Comments leave one →
  1. February 2, 2011 8:25 pm

    Finally some good news coming down! Though I was surprised at the party line vote on the full repeal. I thought a few more Dems might drift over.

  2. February 2, 2011 9:01 pm

    This is a start, the more of this bill that gets repealed the better. Now it is time to go after the unconstitutional mandates.

  3. JustFacts permalink
    February 2, 2011 9:17 pm

    They will never repeal the whole thing, even if the SCOTUS rules it is un-Constitutional. The Progressive ego is to large to allow them to admit it was a stupid piece of legislation. They will end up neutering it enough to make it palatable. They will continue to claim that it will save jobs and help the economy.

    A mind is a terrible thing to lose, but they can’t lose something that they never had.

  4. KingShamus permalink
    February 3, 2011 11:59 am

    I’ll take this as a small victory.

    ObamaCare is crumbling. Let’s just keep pushing this stinking rotting edifice over until it finally dies.

  5. February 4, 2011 12:45 pm

    Let’s make it a snowball and start rolling it down-hill.

  6. February 5, 2011 7:26 pm

    This is a good first step. It appears that we’ll just have to chip away at it bit by bit. It might take a while to get it to the SCOTUS, so this might be the only way to fight it for now.

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