Senate to Vote on Repealing Portion of Health Care Law
The Senate set up a vote for Tuesday on a bill that would make the first significant change to President Barack Obama’s signature health care overhaul law.
Under an agreement reached Thursday, the Senate will vote on a House-passed bill that would repeal a tax-reporting requirement included in the health care law. The vote is scheduled to be held before the weekly caucus lunches.
The provision, which requires companies to file a 1099 form with the IRS every time they conduct $600 worth of business with a vendor, has been panned by Members of both parties, but a group of Senate Democrats have raised concerns over the bill’s method of offsetting revenue that would be lost if the provision is repealed.
The Obama administration supported repealing the provision but expressed “serious concerns” about the bill’s offset in a statement of administration policy released this month. The White House argues that the offset would result in tax increases for certain middle-class taxpayers, but it stopped short of threatening to veto the measure.