Political Quotes

“I ask unanimous consent that the reading of the amendment be dispensed with. The PRESIDING OFFICER. Without objection, it is so ordered. The amendment is as follows: (Purpose: To amend the Internal Revenue Code of 1986 to repeal the expansion of information reporting requirements to payments made to corporations, payments for property and other gross proceeds, and rental property expense payments, and for other purposes) At the end, add the following: TITLE VI--COMPREHENSIVE 1099 TAXPAYER PROTECTION SEC. 601. REPEAL OF EXPANSION OF INFORMATION REPORTING REQUIREMENTS TO PAYMENTS MADE TO CORPORATIONS AND TO PAYMENTS FOR PROPERTY AND OTHER GROSS PROCEEDS. (a) Application to Corporations.--Section 6041 of the Internal Revenue Code of 1986 is amended by striking subsections (i) and (j). (b) Payments for Property and Other Gross Proceeds.-- Subsection (a) of section 6041 of the Internal Revenue Code of 1986 is amended-- (1) by striking ``amounts in consideration for property,'', and (2) by striking ``gross proceeds,'' both places it appears. (c) Effective Date.--The amendments made by this section shall apply to payments made after December 31, 2011. SEC. 602. REPEAL OF EXPANSION OF INFORMATION REPORTING REQUIREMENTS FOR RENTAL PROPERTY EXPENSE PAYMENTS. (a) In General.--Section 6041 of the Internal Revenue Code of 1986 is amended by striking subsection (h). (b) Effective Date.--The amendment made by this section shall apply to payments made after December 31, 2010. SEC. 603.…”