Starting this week, NASS Advocacy staff will be blogging to update you on the political landscape as it applies to NASS members and specialists. We hope you find the updates informative.
Last Monday, Treasury Secretary Tim Geithner and Health and Human Services Secretary Kathleen Sebelius wrote Senate leaders expressing support for an amendment to a small business aid package filed by Sen. Bill Nelson (D-FL) which would have altered tax reporting requirements for small businesses. Beginning in 2012, the Patient Protection and Affordable Care Act requires businesses to file 1099 forms with the IRS when they purchase $600 or more in goods from another business. The Nelson amendment sought to exempt businesses with fewer than 25 employees and raised the reporting threshold for the remaining businesses to $5,000. In the same letter, Secretaries Geithner and Sebelius expressed strong opposition to an amendment offered by Sen. Mike Johanns (R-NE) which would have repealed the 1099 provision entirely. Both amendments were defeated. The House of Representatives may revive the issue this week.
Alliance of Specialty Medicine Opposes Tax Deductions for Trial Attorneys and Seeks to Protect Quality Care
This week the Alliance of Specialty Medicine wrote Treasury Secretary Geithner last week opposing tax deductions for trial attorneys. You can see the press release here: http://www.specialtydocs.org/news/pressItem71.html
The Alliance also sent a letter to the National Commission on Fiscal Responsibility and Reform today urging significant caution related to any recommendations to cut costs which may adversely impact access to quality health care. You can see the press release here: http://www.specialtydocs.org/news/pressItem72.html