House Democrats Move to Repeal Part of Obamacare
Friday morning House Democrats introduced H.R. 5982, the Small Business Tax Relief Act of 2010, scheduled to be on the floor Friday under suspension of the rules. The bill includes a provision that would repeal Sec. 9006 of PPACA (Obamacare) that required all businesses to file a 1099 form to the IRS for every transaction over $600. This burdensome reporting requirement was projected to raise taxes on small businesses by...