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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (270754)8/24/2010 11:03:37 AM
From: dealmakr Read Replies (2) of 306849
 
Regarding health care, Boehner said Obama should seek to end a controversial mandate that requires businesses to report to the government any purchases that cost more than $600.

Democrats also support removing the rule, though the two parties have clashed over how to do so. See earlier story on small-business tax.

"If a landscaper wants to buy a new lawnmower, or a restaurant needs a new ice-maker, they have to report that to the feds. If you're a Mom-and-Pop grocery store, and you buy $1,000 worth of merchandise from 15 different vendors, that's 15 different forms you have to file," Boehner said. "What is the point of making employers and entrepreneurs spend $17 billion to send all this paperwork to Washington, where it's going to cost about $10 billion to log it in and file it away? Talk about overhead."

As far as sun tan man goes, I don't agree with too much of what he says, but in this example, he is dead spot on as far as what a clusterfcuk this would make for small business.

dealmakr
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