Detailed text transcripts for TV channel - MSNBC - 20110130:12:33:00
Than $600 worth of business. you're tryling to repeal that requirement. how is that going? >> first of all, this hasbeen a law on the books, something similar since the 1940s and many small business owners have been complaining about it because if you pie something, purchase any goods, a small business more than $600, you've got to report that so the irs can sort of keep tabs on tax compliance and they know this is a cash economy and they want to mick sure the federal government is getting its fair share of the taxes. that's not too bad but what the health care bill did -- i'm sorry that was o...
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