Tax reporting requirement in health care law under attack

By: AP
By: AP

WASHINGTON -- A tax requirement that was tucked into the health care reform law is now under attack.

Business groups say the requirement will have their members swimming in paperwork. It requires a business to file a tax form for every vendor that sells it more than 600 dollars worth of goods.

Nebraska Sen. Mike Johanns wants to repeal the requirement and Arkansas Democrat Blanche Lincoln who's locked in a tough re-election fight says she supports it. She's the first Democrat to say so.

Other Democrats are countering with a proposal to eliminate the requirement for purchases under 5-thousand dollars, or those made with a credit card.

A vote on the Johanns proposal is set for when the Senate returns from vacation next month.


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