The health care reform bill is truly the gift that keeps taking away. Here’s the latest on how it diminishes the free market, courtesy of the Independence Institute in Colorado.
What Fresh Obama Care Hell Is This? So here’s a nasty little surprise from deep in the bowels of Obama Care:
Section 9006 of the health care bill — just a few lines buried in the 2,409-page document — mandates that beginning in 2012 all companies will have to issue 1099 tax forms not just to contract workers but to any individual or corporation from which they buy more than $600 in goods or services in a tax year. The stealth change radically alters the nature of 1099s and means businesses will have to issue millions of new tax documents each year.
It’s things like this that help explain Nancy Pelosi’s motivation when she said, “But we have to pass the bill so you can find out what is in it, away from the fog of the controversy.” Look for more unbelievably bad tidbits to emerge now that the “fog of controversy” has been lifted from the Obama Care bill.