Obama signs bill repealing 1099 requirement

President Barack Obama signed into a law Thursday a bill repealing the unpopular 1099 tax-reporting requirement that was passed last year as part of the Patient Protection and Affordable Care Act of 2010.

Earlier this month, the Senate, in a bipartisan effort, voted 87-12 to repeal the provision. The House repealed it earlier in 2011 by a vote of 314 to 112.

Opponents of the 1099 provision — which the president

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