Seriously, Harry Reid should be the most reviled man in AMerica right now.
He is a despicable little tyrant, and I ahve called many Republican Senators to tell them to take the gloves off concerning him, or to shut up after November 6th, becasue it won’t matter anymore.
Reid is corrupt as the day is long, and needs to be exposed.
He has prevented any House passed legislation from seeing the light of day, and the Republican Senators still think that collegiality of the Senate is more important than saving the country from a small minded Searchlight, NV village idiot.
Tell me about it.
The MSM did not report this, but while he was ramming through the health care bill, Harry Reid hid in its 2,500 pages of gibberish a provision requiring all businesses - big, small and even sole proprietorships - to file a 1099 form reporting every purchase of $600 or more from every vendor - including small purchases adding up to $600 or more ( Yes, SIX HUNDRED FREAKING DOLLARS AND THE GOVERNMENT OF HARRY REID WANTS TO KNOW ABOUT IT SO THAT THEY CAN SE EWHAT YOU’RE DOING ).
This is complete insanity. My friend owns a small research-and-development business with 15 employees. They make hundreds of purchases in the $600 range each year. They would need to file several hundred of those 1099s.
Big corporations would need to file millions of them.
Furthermore, vendors such as hardware stores will need to keep track of all their sales to each of their customers - tens of thousands for a typical big store - in order to provide an accurate 1099 totaling the purchases of each and every customer who is, or might be, a small business. These forms would have to be reconciled with the records of each business, or the IRS would have grounds to accuse one or the other of a discrepancy.
This bill will not bring the federal government any tax revenue. Rather, by adding to the overhead of companies big and small, it will take away from their bottom line and reduce the taxes they are able to pay accordingly. In my case, I will have to hire a person for $50,000 per year to do nothing but try to obtain and verify the information of such forms. That will cost the federal government $12,000 in lost taxes.