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Bill to repeal 1099 small business paperwork bill clears Congress

18 points by adamhowell 16y ago

horser4dish 16y ago
The president supports repeal of the 1099 provision, but he doesn’t like how the bill makes up for the revenue that would be lost: It requires people who receive higher subsidies for health insurance than they should have to repay this money to the government. What, exactly, would cause people to receive higher subsidies than they need? And how would the 1099 forms have fixed this?
- th0ma5 16y ago
  The 1099 thing was thinking that with a better paper trail, more tax revenue would've been generated.
- watchandwait 16y ago
  The 1099 provision passed as a revenue-generating part of Obamacare. So there's now a financing shortfall.
- jamesbritt 16y ago
  What, exactly, would cause people to receive higher subsidies than they need? And how is making people pay back money they should not have gotten in the first place a bad thing? Maybe the the whole "people getting money to which they are not entitled" plays a role in government finance shortfalls.
  - anamax 16y ago
    > Maybe the the whole "people getting money to which they are not entitled" plays a role in government finance shortfalls. The low estimates of medicare fraud start at $60B/year. Folks who claim some familiarity with the issue say that it's over $100B/year. Then there's the "hey, you're old, you need a power-chair" market. It's not fraud, but .... At the same time, medicare/medicaid seem more likely to deny legitimate claims than the evil insurance companies. However, medicare is able to cut a check efficiently.
  - horser4dish 16y ago
    I wasn't saying it was a bad thing. I was curious how this would have led to people getting money that they should not have gotten.
    - jamesbritt 16y ago
      I'm sorry, I was commenting on this puzzling statement: "The president supports repeal of the 1099 provision, but he doesn’t like how the bill makes up for the revenue that would be lost" How in the world could the president be against reclaiming money from people who should not have gotten it in the first place?
hsmyers 16y ago
Not to sound bitter or anything, but I suppose this as the silver lining of losing the 1st and 4th amendment is better than nothing.

18 points by adamhowell 16y ago

The president supports repeal of the 1099 provision, but he doesn’t like how the bill makes up for the revenue that would be lost: It requires people who receive higher subsidies for health insurance than they should have to repay this money to the government. What, exactly, would cause people to receive higher subsidies than they need? And how would the 1099 forms have fixed this?

th0ma5 16y ago
The 1099 thing was thinking that with a better paper trail, more tax revenue would've been generated.
watchandwait 16y ago
The 1099 provision passed as a revenue-generating part of Obamacare. So there's now a financing shortfall.
jamesbritt 16y ago
What, exactly, would cause people to receive higher subsidies than they need? And how is making people pay back money they should not have gotten in the first place a bad thing? Maybe the the whole "people getting money to which they are not entitled" plays a role in government finance shortfalls.
- anamax 16y ago
  > Maybe the the whole "people getting money to which they are not entitled" plays a role in government finance shortfalls. The low estimates of medicare fraud start at $60B/year. Folks who claim some familiarity with the issue say that it's over $100B/year. Then there's the "hey, you're old, you need a power-chair" market. It's not fraud, but .... At the same time, medicare/medicaid seem more likely to deny legitimate claims than the evil insurance companies. However, medicare is able to cut a check efficiently.
- horser4dish 16y ago
  I wasn't saying it was a bad thing. I was curious how this would have led to people getting money that they should not have gotten.
  - jamesbritt 16y ago
    I'm sorry, I was commenting on this puzzling statement: "The president supports repeal of the 1099 provision, but he doesn’t like how the bill makes up for the revenue that would be lost" How in the world could the president be against reclaiming money from people who should not have gotten it in the first place?

hsmyers 16y ago

Not to sound bitter or anything, but I suppose this as the silver lining of losing the 1st and 4th amendment is better than nothing.