Friday, March 04, 2011

1099's Overboard!

In a sop to those few who aren't completely steamed about ObamaCare©, the House has passed a measure deleting the (stupid and expensive) 1099 requirement. Readers may recall that this provision would have required businesses to "file Form 1099 tax reports ... whenever they conduct more than $600 in transactions with a vendor in a given tax year."

The bill now goes to the Senate, where (of course) anything can happen.

Frankly, this is like the guy who gets run over by a bus, and now can't find his watch. Priorities, anyone?
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