NY Times: Growing Bipartisan Support for Repealing Part of Obamacare

According to the New York Times, there is growing bipartisan support to repeal a provision of Obamacare that requires businesses to file a 1099 on anyone they pay more than $600 for goods or merchandise. The problem with this provision is the massive amount of additional paperwork businesses will have to do.

I mean, seriously... Think about how much a mom and pop store spends at Wal-Mart on supplies per year. Now, imagine all of those businesses having to send 1099's to Wal-Mart and the IRS. Wal-Mart will have to spend more money on processing this paperwork to make sure that everything matches up on their end. Prices will go up. Those small businesses will spend more money making sure they are in compliance. Prices will go up. The IRS will have to spend more money processing these forms, and even more verifying them.

The White House is nervous about a repeal, fearing that it could set a precedent for rolling back other unpopular features of the law. Moreover, the reporting requirement is expected to lead to a significant amount of revenue — $17 billion over 10 years — to help pay for the expansion of coverage and other health initiatives.

If a repeal of this provision passes, I hope it does set a precedent. In reality, we need to repeal the entire thing, but you won't find enough Democrats or Republicans to buck the party line and work toward that.

It's too bad the dumb masses who can't think for themselves won't elect politicians who think for themselves. (Yes, I listen to Boortz when I am in range of a station that carries him.)