That Obamacare "gotcha"

Several people have asked for more information about the IRS $600 reporting requirement mentioned in the previous post. It is discussed in more detail here. I see that Republicans have repeal of this item high on their proposed agenda if they win control of the House this November. I'm not thrilled about the Republicans these days, but I would vote them in just to kill this sort of stupidity, and hope that they don't replace it with some similar stupidity elsewhere.