Monday, February 7, 2011

The 1099 Repudiation; A revealing debate over one of Washington's dumbest ideas..

Wall Street Journal  "Less than a year ago, liberals couldn't see how anyone could possibly object to a rule requiring businesses to file 1099 tax forms with the Internal Revenue Service every time they spent more than $600 with a single vendor. Yes, this would result in a vast new paperwork and accounting burden for 30 million businesses and hit start-ups hardest, not to mention farms, charities and churches. But Democrats saw IRS surveillance of nearly all business-to-business transactions as merely an exercise in good government."

No comments: