Reuters reports:
President Barack Obama on Wednesday suggested working with Republicans on a provision of the new healthcare law that requires businesses to file tax forms on transactions worth more than $600.
An admission from President Obama:
"The 1099 provision in the healthcare bill appears to be too burdensome for small businesses. It just involves too much paperwork, too much filing. It's probably counterproductive," Obama said.
"If it ends up just being so much -- so much trouble that small businesses find it difficult to manage, that's something that we should take a look at."
Great moments in big government.
