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Published on Mar 3, 2011
"Let's be clear what the issue is today. The issue is not repeal of this provision of 1099. We on this side not only favor repeal but all of us who were here last session voted for it. We voted to repeal it. It failed because only two people on the then-minority side voted for the bill. They didn't like the pay-for.
Mr. Camp mentions the NFIB. They supported our effort last year to repeal 1099. So again, the issue is not repeal, we have made that clear in the past. The effort to repeal was blocked on the Republican side last session. The reason they did not vote yes, they said, was because they did not like the pay-for. The pay-for closed tax loopholes. Closed tax loopholes. And they stood up and said, no, we can't vote for the bill because of that. Ironically, most of the loopholes closed in that effort have now become law. So that effort last year to block repeal essentially was to block the loophole effort that has now become the law of this land.
So that should be clear, the issue is not repeal. The issue is how you pay for the repeal. The Senate has now voted to repeal 1099. Apparently, the now-majority does not like the pay-for in the Senate bill. So what does this bill provide? Well, in very simple terms, in clear terms, in unmistakable terms, the pay-for is an increase on middle-income families. It increases how much they will have to pay to the IRS if their income increases over what was projected when they would have obtained health insurance."