The AP (4/15) reports, "President Barack Obama has signed the first rollback of last year's healthcare law, a bipartisan repeal of a burdensome tax-reporting requirement that's widely unpopular with businesses."
The Washington Post (4/15)reports, "The move marked the first successful effort by Congress to repeal a portion of Obama's signature health-care legislation." Last week, the Senate "voted 87-to-12 to repeal the 1099 provision. The House passed the measure in March on a bipartisan 314-to-112 vote."
The White House announced that the President had signed the bill into law, and said that the measure "repeals the expansion in the Affordable Care Act of requirements for businesses to report information to the Internal Revenue Service on payments for goods of $600 or more annually to other businesses and increases the amount of overpayment subject to repayment of premium assistance tax credits for health insurance coverage purchases through the Exchanges established under the Affordable Care Act."
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