Republicans signaled Wednesday that repealing a controversial tax provision in the healthcare law is one of their most pressing priorities. House Republicans have re-numbered the bill repealing the tax requirement as H.R. 4, signaling it will be one of their first pieces of business.
The bill would repeal language requiring companies, starting in 2012, to report all goods and services transactions valued over $600 to the IRS. Republicans and Democrats, and even the White House, have since said they support repealing this language, which would raise $19 billion over ten years and was included to help pay for the healthcare law.
Rep. Dan Lungren (R-Calif.) had already introduced a so-called 1099 repeal bill, which was numbered H.R. 144. By bumping up that bill to H.R. 4, Republicans are making it clear that they will move this bill on an expedited basis. Traditionally, the House majority controls the first ten bills in Congress (H.R. 1 through H.R. 10), and usually reserves those numbers for high-priority items
But wait... If it is repealed and CBO did NOT include this repeal in their 'figures'.... What happens to the CBO numbers? ;o)Answer Question
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Next question overall
Let me try this again in a less hormonal way, lol, for those who believe in...