Congress is poised to send the White House its first rollback of last year’s health care law, a bipartisan repeal of a burdensome tax reporting requirement that’s widely unpopular with businesses, The Associated Press reports.
Separately, the Connecticut arm of the National Federation of Independent Business applauded passage in the Senate of a bill to repeal one of the most burdensome elements of the federal health care law, known as the Patient Protection and Affordable Care Act.
The controversial provision requires all businesses to file an IRS 1099 tax form for every business-to-business transaction of more than $600.
“The so-called 1099 provision of the health care law is exceedingly costly and time consuming, and we are very pleased that it was repealed with overwhelming bi-partisan support today,” NFIB Connecticut Director Andrew Markowski said Tuesday in a statement.
