A bipartisan bill in the Senate that would repeal the unpopular 1099 provision in the healthcare law garnered 60 co-sponsors on Thursday, giving the legislation its best chance at passage so far.
Lawmakers have quickly signed onto the measure that would eliminate the requirement that businesses must file the forms to the IRS for every vendor with whom they have at least $600 in transactions since Sens. Joe Manchin (D-W.Va.) and Mike Johanns (R-Neb.) introduced the bill on Tuesday.
"Today we hit the magic number 60 and I feel great about that," Johanns told The Hill on Thursday.
He credited President Obama's backing of the repeal combined with lawmakers learning about this issue for his bill's fast popularity in the 112th Congress.
"We can start right now by correcting a flaw in the legislation that has placed an unnecessary bookkeeping burden on small businesses," Obama said in his State of the Union address on Tuesday.
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Lawmakers have quickly signed onto the measure that would eliminate the requirement that businesses must file the forms to the IRS for every vendor with whom they have at least $600 in transactions since Sens. Joe Manchin (D-W.Va.) and Mike Johanns (R-Neb.) introduced the bill on Tuesday.
"Today we hit the magic number 60 and I feel great about that," Johanns told The Hill on Thursday.
He credited President Obama's backing of the repeal combined with lawmakers learning about this issue for his bill's fast popularity in the 112th Congress.
"We can start right now by correcting a flaw in the legislation that has placed an unnecessary bookkeeping burden on small businesses," Obama said in his State of the Union address on Tuesday.
More here
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