Senate Defeats Measures to Ease Tax-Reporting Under Reform Law

Once again, the Senate has defeated separate partisan bills to ease tax-reporting requirements for small businesses under the healthcare reform law, according to a report by The Hill.

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Falling six votes short of the 67 votes needed, Senators rejected a Republican amendment to remove a reform law provision requiring businesses to report supply purchases of $600 or more with a single vendor. Senators also defeated a Democratic measure that would accomplish the same thing but would not be paid for in budget cuts.

Senators disagreed on provisions to invest decision-making powers to determine any spending cuts. The Senate failed to pass a similar pair of partisan bills in September.

Most major business groups want to repeal the provision, which is expected to raise $18 billion in revenue over 10 years starting in 2012.  

Read The Hill report on the rejected amendments to the healthcare reform law.

Read more coverage of the tax-reporting provisions:

Senate Fails to Pass Bills to Soften, Repeal Tax Provision in Reform Law

Senate Republicans Seek to Scrap New Tax Reporting Provisions in Health Reform Law

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