Senate rejects amendment to strip out IRS reporting requirement in new health care law

Partisanship is already dominating the final work week in the Senate. While both Republicans and Democrats agree that a new tax reporting requirement in the health care law should be scaled back, each party defeated the other side’s proposal to accomplish that goal.

Senators just voted 46-52 against an amendment by Sen. Mike Johanns, R-Neb. that would have stripped out the provision, which requires businesses to report to the IRS transactions to anyone or any company that cost more than $600.

The Senate then defeated a similar amendment by Sen. Bill Nelson, D-Fla. Nelson’s measure, which went down in a 61-37 vote, would have raised the reporting requirement to $5,000 and excluded businesses with fewer than 25 employees.

Seven Democrats voted for the Johanns proposal, which most Democrats and the Obama administration said went too far in rolling back a health care provision that was expected to raise about $17 billion to help pay for an expansion in health care coverage. Republicans for the most part refused to back the Democratic bill because they didn’t think it went far enough and did not like that it would be paid for with a $15 billion tax on oil companies.

The amendments were part of a small business tax bill the Senate is expected to vote on in the coming days. Unless the two parties can agree on a compromise, the tax reporting requirement that nobody seems to like is going to remain in the bill. The reporting requirements are set to begin in 2012

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

A San Francisco Unified School District program that gave would-be teachers extra training in the classroom has lost a key partner. <ins>(Kevin N. Hume/2019 S.F. Examiner)</ins>
USF ends partnership with SFUSD in teacher residency program

District launched training effort to improve low retention rates for new hires

The Rev. Norman Fong of the Chinatown Community Development Center joined San Francisco city leaders and community partners in a “Campaign for Solidarity” at Civic Center Plaza on Saturday, Apr 17, 2021. (CraigLee/Special to the S.F. Examiner)
City launches ‘Campaign for Solidarity’ to combat racial violence

Mayor London Breed, the city’s Human Rights Commission and community leaders launched… Continue reading

It’s time to break the code of silence and end the stigmatism against infertility, which is fairly common. <ins>(Shuttterstock)</ins>
Struggles with infertility are common

We all can support friends, ask legislators to mandate sppropriate insurance

Foxes, aka Louisa Rose Allen, says she taken back control of her music in recent years. <ins>(Courtesy Hollie Fernando)</ins>
Foxes back with ‘Friends in the Corner’

Pop star doing a lot ‘behind the scene’ since 2016

Former Stockton Mayor Michael Tubbs spoke to San Francisco’s new Guaranteed Income Advisory Group on April 16. (Courtesy SFGOV)
City launches task force to explore Universal Basic Income programs

San Francisco on Friday launched a guaranteed income task force that could… Continue reading

Most Read