AP Report on Obamacare 1099 Repeal Ignores How It Came About, Downplays Tax Increase, Misstates Current Law
The repeal of Obamacare's nightmarish 1099 requirement has passed both chambers of Congress and is on its way to the President for his expected signature. In reporting Tuesday on the repeal bill's progress, the Associated Press's headline writers assured readers that the original requirement in Obamacare was a “small” component of it. The AP's Stephen Ohlemacher also misstated current 1099 filing requirements, ignored the offsetting work disincentives which are de facto tax increases (i.e., reductions of tax credits) that were crammed into the bill to “pay” for lost revenue that will supposedly result from repeal, and glossed over the fact that the requirement made it into law because almost no one read the Obamacare legislation in the first place. Other than that, the AP report isn't too bad. (/sarc) Here are key paragraphs from Ohlemacher's report (bolds and number tags are mine): Congress votes to repeal small part of health law
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on April 7, 2011. Filed under Politics.
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AP Report on Obamacare 1099 Repeal Ignores How It Came About, Downplays Tax Increase, Misstates Current Law
The repeal of Obamacare's nightmarish 1099 requirement has passed both chambers of Congress and is on its way to the President for his expected signature. In reporting Tuesday on the repeal bill's progress, the Associated Press's headline writers assured readers that the original requirement in Obamacare was a “small” component of it. The AP's Stephen Ohlemacher also misstated current 1099 filing requirements, ignored the offsetting work disincentives which are de facto tax increases (i.e., reductions of tax credits) that were crammed into the bill to “pay” for lost revenue that will supposedly result from repeal, and glossed over the fact that the requirement made it into law because almost no one read the Obamacare legislation in the first place. Other than that, the AP report isn't too bad. (/sarc) Here are key paragraphs from Ohlemacher's report (bolds and number tags are mine): Congress votes to repeal small part of health law
