Posts

Reid’s petty politics

On Wednesday, the Senate voted to repeal a very unpopular section of Obamacare. That was the piece that required all businesses to submit an IRS Form 1099 disclosing any purchases they made from anyone if the total amount of purchases exceeded $600 per year.

We told you a bit about this burdensome law last year, as well as earlier attempts, led by Senator Mike Johanns (R. Neb.), to repeal it.  Between then and now, the political landscape has changed, but Senate Majority Leader Harry Reid (D. Nv.) hasn’t skipped a beat.

After the November election, repeal of the 1099 provision kept gaining traction.  In late November Sen. Johanns reintroduced his repeal bill.  This time he had 61 Senators ready to vote for the repeal, including 21 democrats.  But, as repeal of any piece of Obamacare was unthinkable, Senator Reid simply changed the rules (as he could) so that the bill would need 67 votes to pass.

During the State of the Union Address, the President signaled that he was more than willing to “work” with the republicans to do whatever it took to make Obamacare better.  Senator Reid picked up on this signal, and decided to was time to vote on the 1099 repeal.  But, there was a problem.  The only bill in existence belonged to a republican, and, if anyone was going to lead this charge, in Reid’s mind, it had to be a democrat.

Enter Senator Debbie Stabenow (D. Mi.), who, coincidentally is up for re-election in 2012.  She took the Johanns bill, changed five insignificant words, and, voila, the democrats could claim ownership of repeal.  When it came time to attach the repeal bill to a pending FAA bill that was sure to pass, Reid refused to allow the Johanns bill to come to the floor.  Instead, he would only allow a vote on the Stabenow bill .

These actions don’t really speak volumes about Senator Reid…those volumes have already been penned.  But, what does it say about the character of Sen. Stabenow?

Had any of us done that when submitting a school term paper as our own, it would have been called plagiarism.

Democrats to small business…we love you…we love you not…

On Tuesday, the Senate voted to advance a bill, pushed by President Obama, that ostensibly is designed to help small business. One key provision of the bill creates “Son of TARP”, a $30 billion fund to encourage small community banks to make loans to small business.  Other provisions give small business $12 billion in tax breaks, and allow them to write off 50% of the cost of new equipment in the year that the equipment is purchased.  That’s the “we love you” part.

Small businesses will need every penny of those loans and tax breaks to pay for the “we love you not” part. Read more