Stabenow offers 1099 repeal amendment

The race is on to repeal the healthcare law's 1099 provision, with Sen. Debbie Stabenow (D-Mich.) offering an amendment to the aviation measure under consideration by the Senate this week. 

"If left unchecked, this 1099 provision would tie up 40 million small businesses in red tape and burdensome IRS reporting requirements, so we need to fix it now," she said. "But we must also keep our promises not to cut Social Security or veterans benefits to pay for this fix."

Stabenow's amendment is paid for and "clarifies that Social Security should be spared from any cuts." It is expected to have several co-sponsors. 

The repeal of the provision would save businesses from filing 1099 forms for every vendor with whom they have at least $600 in transactions each year. 

Stabenow has signed on to a similar amendment offered by Sens. Mike Johanns (R-Neb.) and Joe Manchin (D-W.Va.) that also could get a vote as an amendment to the Federal Aviation Administration reauthorization bill this week. That bill has the support of 60 senators, including 15 Democrats.