Tennessee Senator Lamar Alexander is cosponsoring a bill to reverse provisions of the healthcare overhaul plan that he says make the tax code more complex.
Businesses have long been required to report to the IRS any time it pays out more than $600 in certain kinds of payments . A portion of the new health care law expands that requirement. Alexander contends businesses would have to document any expenditure of $600 or more, even if it’s just for something routine, like office supplies.
The Tennessee Republican is one of 19 senators who have signed on to the measure to repeal the expanded reporting requirement.