From Our Lame Duck Senate

Dear Small Business, please get stuffed

The Senate on Monday night defeated two amendments designed to ease the tax-filing requirements for small businesses.

Senators voted 61-35 — six votes short of the necessary 67 — to reject an amendment by Sen. Mike Johanns (R-Neb.) that would strip a provision from the new healthcare law that requires businesses to report supply purchases of $600 or more with a single vendor. Likewise, the chamber voted 44-53 to defeat Sen. Max Baucus’ (D-Mont.) amendment, which would accomplish the same provision but is unpaid-for. That amendment also required 67 votes.

At issue is a section of the new healthcare law that requires businesses, charities and state and local governments to file 1099 reports for all transactions above $600 per year. The votes also represented a noteworthy showdown between Johanns and Baucus, who presented a similar idea but did not fund it through offset spending cuts.

Your “friends”

The Democratic Majority in Lameduckistan

One Response to “From Our Lame Duck Senate”

1. Gary from Jersey says:

   November 30, 2010 at 1:35 pm

   Off topic once again, but only kinda:
   http://amaresource.com/wsi/index-b2.html