Looks like the amendment passed.
This provision would have required that we keep records of every transaction above $600 in terms of 1099 forms. So if I go buy tickets for a business trip on LinkedIn, I have to fill out some 1099 bits (and so do they). If someone buys more than $600 of stuff from us, an exchange of 1099 info.
Yeah. It was really dumb, and it shouldn’t have been in Obamacare. And the amendment has passed the senate by something like 81-17.
About time our congress-critters started working for us. Lets see if they can fix the rest of the broken bits. Though technically, since the law had an unseverable part associated with compelling purchase of health insurance, and this was struck down, which technically took the whole law down, this amendment could be rendered moot. Unless the administration wins the case to have it re-instated.