Today, President Obama signed a law that removes the expanded “1099” reporting requirement from the Affordable Care Act. This is a big win for small businesses.So, the White House didn't mind signing a law that was "undue barrier to small business growth" when ObamaCare originally passed. Hope and change!
The SBA and President Obama supported repealing this provision, which would have required businesses to send 1099 forms for all purchases of goods and services over $600 annually. With this bipartisan effort, we have removed a requirement that would have been an undue barrier to small business growth.
Sunday, April 17, 2011
Obama Now Proud of Repealing Part of ObamaCare Bill
Here's the official White House blog from a few days ago :