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The Senate rejects two amendments that would have fully repealed tougher Form 1099 information reporting requirements put in place by the Patient Protection and Affordable Care Act. Senate Finance Committee Chairman Baucus's amendment (S. Admt. 4713), which failed in a 44-53 vote, would have fully repealed the new rules without any budgetary offset. The provision would have cost the federal government roughly $20 billion over 10 years—an amount that most Republicans and several Democrats, including Senate Democratic Whip Durbin, refused to overlook.
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