Facing a backlash from small businesses over a new tax-reporting requirement in the healthcare law the president signed in March, the Obama administration is embracing the first change to the landmark legislation.
In a letter to Senate leaders, Health and Human Services Secretary Kathleen Sebelius and Treasury Secretary Timothy F. Geithner urged the Senate to back a proposal to scale back the new reporting mandate.
The law requires businesses to report to the Internal Revenue Service transactions worth more than $600, a provision that was added to the law to raise an estimated $17 billion over a decade and offset the cost of expanding coverage to millions of uninsured Americans.
The small item garnered little attention when it was inserted into the gargantuan legislation.
Answer by yourspecialkid at 4:47 PM on Sep. 14, 2010
Answer by 29again at 5:03 PM on Sep. 14, 2010
I'm not okay with our government (no matter what party is in control) governing this way. I just can't seem to figure it all out. I am splitting my opinion between the fact that they either don't want to raise attention to some of the worse parts of the bill, if they are just saving face weeks away from mid-terms and removing any big material from opposing campaign strategists, or if they honestly just don't think it's beneficial to have it in the bill. I'm leaning on one of the first two options. Politicians are slimy (pretty much all of them) and you can't trust them as far as you can throw them. It's sad that I so don't trust them that even something like this will raise my red flags.
Answer by QuinnMae at 5:24 PM on Sep. 14, 2010
Answer by NonnasMomma at 6:48 PM on Sep. 14, 2010
Answer by LoriKeet at 7:22 PM on Sep. 14, 2010
Answer by NonnasMomma at 7:40 PM on Sep. 14, 2010