Saturday, March 5, 2011

House kills health law provision - from The Boston Globe

House kills health law provision - The Boston Globe
"The House voted overwhelmingly yesterday to repeal an unpopular tax filing requirement for businesses tucked into the new health care law. 
The provision would require millions of businesses to file tax forms for every vendor that sells them more than $600 in goods each year, starting in 2012. The requirement is projected to raise nearly $25 billion over the next decade by ensuring that vendors pay their taxes. But lawmakers in both parties say it could create a paperwork nightmare for businesses and the Internal Revenue Service." More

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