Making law is akin to making sausage. What goes in one end of the pipeline looks nothing like the finished product. There are also a lot of things in the mix which seem to have nothing to do with the product enter a new tax report which will affect small businesses. It is Section 9006 which goes into effect January l, 2012. US companies will be required to issue a 1099 tax form to all businesses and individuals from whom they purchase more than $600. Does that mean I have to send a 1099 to the utility company or only to the one man business that keeps my computer alive? How about the man who delivers ink cartridges or the huge national firm which supplies my office supplies?” How much will this cost the collective small businesses in the US? I know the Feds are looking for tax scofflaws but I have better things to do than to produce 100’s. Lawmakers are already looking into repealing this provision. My question to our esteemed legislators is: “You just voted to put this law, (Patient Protection and Affordable Care Act PPACA) into effect and you are already repealing parts of it? What else do we have to fear in the 2300 pages of this legislation?”
New Gotcha in Obamacare
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