Wednesday, April 6, 2011

First portion of Obamacare repealed

One of many egregious portions of Obamacare, the 1099 provision, posed a particularly onerous burden on small business owners. The provision required businesses to file a 1099 form every time a vendor sold them $600 or more.

Yesterday, with a bipartisan vote of 87-12, the Senate voted to repeal this specific provision. This is the first portion of Obamacare Congress has repealed. The bill now will go to the President, whose staff has already praised the passage of the bill.

While this vote is only one small step in changing the course of the health care law, small business owners can breathe a sigh of relief not to face this burdensome provision.

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