And by “suddenly” I mean months later, after they passed it as part of a bill that they clearly didn’t read…
But now that folks are ramping up their complaints over the new tax reporting requirement that was included, logically (not), in the health care bill, both Dems and the GOP have decided that they somehow care about the whole thing. I applaud their change of heart. It just makes me wonder why they didn’t bother considering the consequences in the first place, you know, when they inserted it into the health care bill in the first place.
The reporting requirement now conveniently allows the GOP and the Dems to fight some more about who loves America the most – just before the elections. That means that both sides of the aisle have introduced ways to “fix” the the problem that hasn’t even gone into effect yet. Today, both parties are expected to discuss proposals to change the bill. The Democrat’s version would boost the reporting threshold to $5000 and exempt businesses with fewer than 25 employees; the GOP version would eliminate the reporting requirement altogether. Stay tuned for more details as they unfold.
I’m “no party” but very liberal so usually hate the GOP… but also a bookkeeper. I LOATHE 1099s with a burning hatred that borders on homicidal. I kinda feel like giving whatever squeegy old man that came up with getting rid of them a big old kiss though.
Seriously, I don’t know that doing away with them all together is the answer, but upping the threshold is WAY past due. $600 is a ridiculously low threshold. I might say $10k instead of $5k even, but I do realize the purpose of the forms.
Evil evil evil forms.
@Candy
One thing we Americans lack, unfortunately, is a party that is socially liberal and fiscally conservative. I agree with your points, and am considered “very liberal” by my friends and by the media, but that’s not a fiscally or federally liberal P.O.V. Most other governments would place you firmly on the conservative side of the fence, if you want less government interference.
I’d like to make this distinction, because regardless of how the press likes to play it, people cannot be just put into two camps (liberal and conservative, and even those are badly defined here) and expect them to fall in step in every manner of life! It bothers me when I see people saying they are “life-long [insert party] people” and that they are switching because of one thing. Well of course you are!
I know this off-topic, but it bothers me immensely that I have to align myself with a party that I find fiscally negligent at times, just because I don’t want to take away the rights of my fellow Americans, or just because I value a government funded education system. A good one, I mean.
I love living in this country, but I was not born here and sometimes wish I could blend what I love about the US with what I miss about the UK, I must say.
Looks like the Dems lose…on who loves America most…they won on their attempt to defeat the lift on the 1099 tax reporting requirement. Boo.
Here’s the scoop.
http://ht.ly/2FnL5