Finally, some fortitude has been discovered on Capitol Hill after even the IRS said they could not handle the silly 1099 reporting rules created in the Healthcare Bill. So the Senate overwhelmingly just repealed it, and the House will soon follow, and the President has already said he'll sign it.
YAY! Sad to be this happy over something that should never have happened. And the reason it took so long? Well, this is the first leak in the dike of the Healthcare Bill, and you know that the supporters are terrified that once you break a hole in it, you might break open some more.
We can only hope.
(Note that this does NOT apply to landlords' mandatory 1099 reporting in 2011 for expenditures for services of $600 or more to unincorporated entities/individuals. So that's still on.)
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