The Senate rolled back the first provision of the 2010 healthcare law Tuesday after a nearly year-long push. The Republican-led effort to repeal the so-called 1099 provision of the law drew significant Democratic support in passing 87-12.
Senate votes to repeal 1099 provision; measure goes to Obama
Forty Democrats and one Independent joined all 46 Republicans in voting to eliminate the law’s provision and to pay for its estimated $22 billion cost by requiring repayment of excess insurance assistance for enrollees in future insurance marketplaces.
The repeal was urged by small business advocates, who said its requirement for the submission of 1099 tax forms for all transactions over $600 beginning in 2012 would place additional burdens on business at a time when they were struggling. The repeal passed the House of Representatives in March.
“If we fail to pass the House bill today then we are sending a message to job creators that they will have to spend more money complying with this,” said Sen. Mike Johanns (R-Neb.) in a Senate speech shortly before passage.
The measure now goes to President Barack Obama and he is expected to sign it, Johanns said.
Most Democrats had voted earlier in favor of an amendment that would have rescinded the method of paying for the repeal if it was found to raise insurance rates or costs but it fell far short, 41-58, of the chamber’s 60-vote requirement.
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