Ways and Means expected to discuss 1099 provision in a hearing next week
Three Democratic senators sent a letter Thursday to Speaker John Boehner (R-Ohio) to bring up House-introduced legislation to repeal the provision that requires businesses to file 1099 forms with the IRS for each vendor with which they have made at least $600 in transactions.
Sens. Ben Nelson (D-Neb.), Maria Cantwell (D-Wash.) and Amy Klobuchar (D-Minn.) are urging Boehner to pass H.R. 4, which they say “simply strikes the tax-reporting requirement in the health reform law.”
The bill (H.R. 4) was introduced by Rep. Dan Lungren (R-Calif.) on Jan. 12 and has 253 co-sponsors. The measure isn’t scheduled yet for a vote yet, although there’s a general understanding between Republicans and Democrats on both sides of the Capitol and at the White House that the provision needs to be repealed.
Previous attempts by the House and the Senate last year failed to produce an agreement on a repeal.
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