Wednesday, September 29, 2010

Another Obamacare "gotcha"

Buried in the massive 1000+ page health bill are all sorts of hidden "gatchas" that are just beginning to emerge. Here is a new one - small businesses now have to report to the IRS ANY purchase over $600, whether or not it has anything at all to do with health care. This of course generates massive amount of new paperwork for small businesses, and for the IRS. And it has nothing to do with health care. Indeed, I can't see that it serves any purpose at all - just more bureaucracy.

I wonder how many in Congress knew that requirement was in there when they voted for the bill? The level of incompetence in this Congress (Democratic and Republican alike) is absolutely astounding!