Posts Tagged ‘5- mile wide meteorite’

Senate Votes Down Amendment In Health Care Bill, The 5- Mile Wide Meteorite Can’t Arrive Fast Enough

September 15, 2010

Partisanship is already dominating the final work week in the Senate. While both Republicans and Democrats agree that a new tax reporting requirement in the health care law should be scaled back, each party defeated the other side’s proposal to accomplish that goal.

Senators just voted 46-52 against an amendment by Sen. Mike Johanns, R-Neb. that would have stripped out the provision, which requires businesses to report to the IRS transactions to anyone or any company that cost more than $600.

The new Health Care Bill requires businesses to report any transaction that costs more than $600, such as buying copy paper, to IRS. The Senate is unwilling to remove that last-minute catastrophic last-minute  addition to the bill. Where is that 5 mile wide meteorite?