Senate votes to repeal ObamaCare’s 1099 Tax law

Great news taxpayers. The Senate voted to repeal the burdensome 1099 tax law from ObamaCare. Now we just have to wait until the Supreme Court rules it unconstitutional.

Politico reports:

The Senate on Tuesday voted to repeal the health care overhaul’s 1099 tax reporting requirements, finally ending months of debate and votes over a provision that, by the end, had few defenders.

The overwhelmingly bipartisan vote, 87-12, gives President Barack Obama the first opportunity to sign or veto a bill repealing a piece of his signature law. He’s expected to sign it despite concern about how to replace the money the provision would have raised.

Bam won’t veto this. It was repealed through a bipartisanship agreement. Bam knows 2012 is right around the corner. Expect him to change his stance on a list of things.

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Obama by the Numbers

I have written several articles mentioning how the numbers don’t lie. The RNC took my advice and put out some Obama numbers that don’t lie.

GOP.com reports:

THE OBAMA ADMINISTRATION’S RECORD FROM THE OUTRAGEOUS TO THE ABSURD

$26.2 Trillion:   Projected Federal Debt In 2020 Due To Obama’s Binge Spending. (OMB, 7/23/10)

$13.6 Trillion:   Current National Debt. (U.S. Treasury Department, Accessed 10/19/10)

$8.5 Trillion:     Cumulative Deficits Caused By President Obama’s Proposed Budget, FY2011-2020. (OMB, 7/23/10)

$3.9 Trillion:     Total Cost Of The Democrats’ Tax Hike To Taxpayers. (Joint Committee On Taxation, 8/6/10)

$3.0 Trillion:     Amount Added To The National Debt Since Obama Took Office. (U.S. Treasury Department, Accessed 10/19/10)

$2.5 Trillion:     True Cost Of ObamaCare Once Fully Implemented. (Sen. Max Baucus, Floor Remarks, 12/2/09)

$1.42 Trillion:   Federal Budget Deficit For FY2009 – Highest In U.S. History. (Congressional Budget Office, 10/7/10)

$1.29 Trillion:   Federal Budget Deficit For FY2010 – Second Highest In U.S. History. (Congressional Budget Office, 10/7/10)

$868.4 Billion:  American Debt Held By China. (U.S. Treasury Department, Accessed 10/19/10)

$831 Billion:     Net Interest Payment On Our National Debt In 2020 Due To Obama’s Budget. (OMB, 7/23/10)

$814 Billion:     Price Tag Of Obama’s Failed Stimulus. (Bloomberg, 8/20/10)

$575 Billion:     Amount Of Medicare Cuts In ObamaCare. (CMS Chief Actuary Richard S. Foster, Memo, 4/22/10)

$569.2 Billion:  Amount Of Taxes In ObamaCare. (Letter to Speaker Nancy Pelosi, 3/18/10)

$10 Billion:      The Cost Of The Teacher Union Bailout. (The Washington Post, 10/8/10)

$54 Million:      Amount Of Stimulus Funds Spent On A Napa Valley Wine Train. (ABC News’ “Good Morning America,” 2/2/10)

41.8 Million:     Number Of Americans Receiving Food Stamps. (Bloomberg, 10/5/10)

40 Million:        Number Of Businesses That Will Be Burdened By The Onerous IRS 1099 Requirement. (The Washington Post, 8/29/10)

$18 Million:      Cost Of The Stimulus Website Recovery.org. (ABC News’ “The Note“ Blog, 7/8/09)

14.8 Million:     Unemployed Americans. (Bureau of Labor Statistics, 10/8/10)

9.5 Million:       Americans Working Part-Time For Economic Reasons. (Bureau of Labor Statistics, 10/8/10)

6.1 Million:       Americans Unemployed For Longer Than 27 Weeks. (Bureau of Labor Statistics, 10/8/10)

5.4 Million:       Number Of Properties Receiving Foreclosure Filings Since Obama Took Office. (RealtyTrac, Accessed 10/19/10)

3.8 Million:       Increase In the Number Of People Who Were In Poverty In 2009 Over 2008. (NPR, 9/16/10)

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