12 thoughts on “The Health-Care Fog Clears”

  1. Rand,
    If we had done it that way, it wouldn’t have passed. You can not let reality get in the way of a Big F***ing Deal(tm).

  3. They’ll just raise the penalties on the EVIL businesses that just want to make an EVIL profit.

  4. 15 months is a rush?

    They’ve done the math and figured out that the penalty they would have to pay for dropping their workers would be much lower than the costs of continuing to insure them

    Of course that was even more true before it passed, when there was no penalty at all.

  6. Of course that was even more true before it passed, when there was no penalty at all.

    And yet…they didn’t.

    Jim is perplexed!

  7. It’s too bad that Waxman canceled that hearing. I guess Big Business got him. Also, from Levin’s article:

    Second, it turns out that the massive bill contained a hidden change in the tax law that will require companies to submit IRS 1099 forms not only for contract workers (as is the case now) but also for any individual or company from which they purchase more than $600 in goods or services in a year. That’s millions of new forms to file and send to vendors and the IRS, and lots of work and expense gathering names and taxpayer ID numbers from every vendor and store a business deals with.

    Every person who has to shovel paper is someone who isn’t working. This congress just keeps throwing more obstacles in the way of business.

  8. Karl, they prefer to call that “saving or creating jobs.” Also, that’s “stimulating the economy” of dead trees.

  9. Second, it turns out that the massive bill contained a hidden change in the tax law that will require companies to submit IRS 1099 forms not only for contract workers (as is the case now) but also for any individual or company from which they purchase more than $600 in goods or services in a year.

    My wife and I own a small rental property. We pay 10% of the rent for a rental manager to help us with the property. Will we have to issue her a 1099? If we hire a painter to repaint the home after our tenant moves out, will we have to issue him a 1099? If the property requires any repairs that total over $600, will we have to issue 1099s for that, too? How do you issue a 1099? Will we need to hire an accountant to help us comply with this new law?

    We’re very small potatos when it comes to business. Imagine even a moderate small business such as an auto repair shop or gas station having to issue 1099s to all of their suppliers. For some small businesses, they could be on the hook for dozens, even hundreds of 1099s. How much will the compliance costs be to do all of that?

    This sounds like a back-door effort to lay the groundwork for a Value Added Tax. Dumb, incredibly dumb idea.

  10. Tea-bagger lies, Larry. But fear not — one of the resident lefties will ride in on his white horse to correct this “misinformation” we benighted fools are propagating.

  11. “But fear not — one of the resident lefties will ride in on his white horse to correct this”

    Well thank goodness for that. I was afraid I might have to think for myself on this one.

Comments are closed.