U.S. Senate votes to remove the 1099 Provision

The Senate has voted to remove an unpopular provision of the healthcare reform law that requires all businesses to fill out a tax form each time they spend $600 or more.

By a bipartisan vote of 81-17, the Senate on Wednesday evening passed an amendment by Sen. Debbie Stabenow (D-Mich.) that would repeal a provision from the ACA that requires all businesses to fill out a tax form known as a "1099" each time they spend $600 or more.

The 1099 provision was intended to give the Internal Revenue Service (IRS) more tools to ensure all taxes that are owed are paid. It was expected to raise an estimated $19 billion to help pay for expanding healthcare coverage to the uninsured as part of the ACA.

But businesses complained that the provision was too onerous, congressional Republicans and Democrats didn't like it, and even President Obama called the provision a "flaw" during his State of the Union address last week and said that he was open to removing it from the law.

ChamberWest signed a letter of support with the U. S. Chamber of Commerce to support the removal of this onerous bookkeeping policy. 

Business Matters Luncheon - Feb. 17th :: Five Chambers of Commerce, one location

The internationally acclaimed speaker, Dan Clark, will be the guest speaker at our Business Matters Luncheon on February 17. Dan lives here in Salt Lake Valley. He is well known as the primary contributing author to the Chicken Soup for the Soul series, as well as the author of over 20 books. Achievers Europe and Achievers North America named Dan one of the top 10 speakers in the world! This puts him in the same caliber as Stephen Covey, Zig Zigler, Brian Tracy and others. Dan is all about helping you build your business. Don’t miss this amazing opportunity! Plan now to attend for this special event.

WHEN: Feb. 17th @ 11:45 a.m. (Business Before Lunch at 11:00)
WHERE: Noah's - 322 West 11000 South, South Jordan
COST: $20 with RSVP; $30 at door without RSVP (for participating chamber members)
RSVP: https://www.emailmeform.com/builder/form/d5Qpr6l2SnHjf7P64F6u816i
Host Chamber: Southwest Valley Chamber of Commerce
Information Flyer to share with your colleagues and co-workers


Luncheon sponsored by:  

Participating west-side chambers: