KBTX | Bryan & College Station, TX | Aggieland News

Congress Votes to Repeal Small Part of Health Law

By: Associated Press
By: Associated Press

The Senate has voted to send the White House its first rollback of last year's health care law, a bipartisan repeal of a burdensome tax reporting requirement that's widely unpopular with businesses.

The Senate voted 87 to 12 to repeal the filing requirement, which would have forced millions of businesses to file tax forms for every vendor selling them more than $600 in goods each year, starting in 2012. The filing requirement is unrelated to health care. However, it would have been used to pay for part of the new health law.

President Barack Obama has said he favors repealing the filing requirement. Obama opposes the bill's plan on how to make up the potential revenue, but has stopped short of threatening a veto.


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