ERIKSEN GROUP
phone
x x x
 

Blog

Posts Tagged ‘U.S. Senate’

Amid Trumpcare’s Demise, Public Option Emerges Ahead Of 2018 Elections

Friday, August 18th, 2017

Forbes reports:

“A public option as an alternative or addition to subsidized private individual coverage under the Affordable Care Act is gaining momentum on the campaign trail ahead of next year’s 2018 midterm Congressional and gubernatorial elections.

(more…)

The ‘Affordable’ Care Act, another Christmas bah-humbug

Monday, January 11th, 2016

The Hill Reports:

“‘Tis the season for giving—and for the Affordable Care Act, it’s become the season for giving bad news. For the third year in a row, open enrollment has given millions of hardworking Americans news that their health insurance will have higher premiums, fewer choices, and more out-of-pocket costs—if their insurance will even exist after the holidays are over.

But this sad reality won’t be found in the flowery rhetoric of the law’s supporters. From President Obama to Hillary Clinton to many candidates for both the U.S. Senate and House, politicians are claiming the law is a smashing success. This might make for a good stump speech for the base, but these claims carry huge political risks: They sound woefully disconnected from the struggles millions of Americans are suffering under this law.

(more…)

Individual mandate raises taxing questions

Monday, January 12th, 2015

BenefitsPro reports:

“2015 marks the first year that taxpayers will have to prove they have health insurance or, if they don’t, they’ll have to pay a penalty. But how is the proof presented?

About half the adult population might not know the answer to this, according to a Harris Poll commissioned by Intuit TurboTax. The TurboTax folks had Harris poll more than 2,000 adults, and 48 percent didn’t know they’ll be required to declare their health coverage status on their 2014 tax return.

(more…)

Senate Sends 1099 Repeal Bill To President’S Desk

Friday, April 22nd, 2011

WASHINGTON, D.C., April 5, 2011 — The Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) today praised the U.S. Senate for passing H.R. 4, the “Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011”. (more…)

What A Difference A Year Makes

Tuesday, March 29th, 2011

Kaiser Health News reports:

“One year ago, the House of Representatives approved the Patient Protection and Affordable Care Act, which had passed the Senate the previous Christmas Eve — at four in the morning, by one vote. Two days later, President Barack Obama signed the measure. Those three steps are usually enough to transform a bill into a permanent fixture of U.S. law. But this was no ordinary bill. (more…)

Attempts to Repeal New Health Law Provisions Fail

Friday, October 15th, 2010

NAIFA Reports:

Prior to adjourning, the U.S. Senate rejected attempts to repeal two provisions of the Patient Protection and Affordable Care Act (PPACA) signed into law in March.

1099 Reporting:

Enacted as part of PPACA, the Form 1099 requirements force all businesses and tax-exempt organizations to issue a Form 1099 to vendors from whom they buy goods totaling $600 or more annually.

During the small business lending debate, the Senate rejected two amendments to H.R.5297 that would have repealed or alleviated the requirements for small businesses. H.R. 529—signed into law on September 27—expands reporting requirements to include individuals who receive rental income from real estate, and increases penalties for failure to collect and remit this information.

(more…)

Newsletter Signup

Free Consultation
image_questions
Change Your Broker
 
x x x