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Senate Sends 1099 Repeal Bill To Obama

The 1099 provision of the health care reform, which would have raised $19 billion to help pay for the law is on it’s way to being repealed. This aspect of the law would have required all businesses to file tax reporting for all vendors from which they purchased $600 worth of goods or services. Politico

This have been a  hot topic issue since the law was passed. This type of reporting would take valuable resources away from small buisness.