House Republicans Highlight Vote to Repeal Part of Health Care Law
The U.S. House of Representatives voted 314-112 Thursday to repeal a provision of the Affordable Care Act that requires businesses to file a 1099 tax form for any payments that exceed $600 per year to any other business or payee. Small businesses have derided the provision as burdensome.
Republicans in the House are touting this bill, which garnered 76 Democratic votes and could have a longer shelf life than the complete repeal bill passed earlier this year, as a more tangible way to push back against President Barack Obama's signature legislation.
This one provision alone would create a paperwork nightmare and an IRS gotcha for every small business in America. Congress needs to remove these kinds of job-killing regulations and replace them with policies that encourage competition, business expansion and job-creation in the private sector, said U.S. Rep. Bill Posey, R-Rockledge.
The real job-creators of our economy are small businesses. Ive pledged to the constituents of Floridas 25th District to work on creating jobs and growing our economy. Small-business owners should not have to carry the additional burden of new reporting requirements and paperwork aimed at paying for Obamacare, said U.S. Rep. David Rivera, R-Miami.
Both Rivera and Posey are co-sponsors of the bill. Only one of Florida's six congressional Democrats, U.S. Rep. Kathy Castor of the 11th District, voted for the bill.
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