David Price of NC happily voted in support of ObamaCare and with that vote laid just as much claim to it as Pelosi, Obama and Reid. Unfortunately for David Price its awfulness continues to reveal itself. Pelosi claimed we would have to pass ObamaCare (in the rush of all rushes) to see what was in it. In that she was correct, as for those congress folks who lent their support to the little read and even less understood bill it continues to do just that.
According to CNN Money:
The new regulations, which kick in at the start of 2012, require any taxpayer with business income to issue 1099 forms to all vendors from whom they purchased more than $600 of goods and services that year. That promises to launch a fusillade of new paperwork: An estimated 40 million taxpayers will be subject to the requirement, including 26 million who run sole proprietorships, according to a report released this week by National Taxpayer Advocate Nina Olson.
Bad for business, bad for you, bad for David Price.