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A House Republican bill to repeal the Affordable Care Act (ACA) and related healthcare reform legislation would add $230 billion to the federal budget deficit from 2012 to 2021, according to the nonpartisan Congressional Budget Office (CBO).
…the agency also predicted that while premiums in the individual health insurance market would decline slightly if the ACA were repealed, many people would pay more for coverage because under the ACA, most people in this market will receive premium subsidies
The program’s sustainable growth rate (SGR) formula for setting physician pay would have triggered a 25% pay cut on January 1 if Congress had not acted to delay it for 12 months. Replacing the SGR formula with one more favorable to physicians would cost hundreds of billions of dollars over a 10-year stretch, an amount that led Congressional Democrats to remove a doc fix provision from healthcare reform legislation in 2009 to make it more affordable.
The CBO report released today alluded to the wild-card nature of a Medicare doc fix. The agency stated that in projecting slower growth in Medicare expenditures under the ACA, it assumed the SGR formula would remain in place. A change to the SGR formula could cause the budgetary effects of the ACA repeal bill to be "quite different."
Section 9006 of the health care bill -- just a few lines buried in the 2,409-page document -- mandates that beginning in 2012 all companies will have to issue 1099 tax forms not just to contract workers but to any individual or corporation from which they buy more than $600 in goods or services in a tax year.
The stealth change radically alters the nature of 1099s and means businesses will have to issue millions of new tax documents each year.... money.cnn.com...
Originally posted by crimvelvet
reply to post by sbctinfantry
The DemiRats are probably figuring they are going to clean up on lots of new tax revenue with Section 9006 of the health care bill. Of course that is if they do not completely collapse the USA instead. (over 50% of US jobs come from small business who are already hurting)
Section 9006 of the health care bill -- just a few lines buried in the 2,409-page document -- mandates that beginning in 2012 all companies will have to issue 1099 tax forms not just to contract workers but to any individual or corporation from which they buy more than $600 in goods or services in a tax year.
The stealth change radically alters the nature of 1099s and means businesses will have to issue millions of new tax documents each year.... money.cnn.com...