Update on 1099 Repeal
As you may have just seen, the Senate set the 1099 repeal legislation (H.R. 4) to the President’s desk for signature, endorsing the measure by a vote of 87-12. Prior to the vote on passage, the Menendez amendment was rejected on a 41-58 vote.
As you have likely seen, House Budget Committee Chairman Ryan introduced his mark for tomorrow’s budget markup. Information on that document can be found here. The Congressional Budget Office has indicated it will be releasing a long-term analysis of the proposal later this afternoon.
And as a final FYI, Senator Thune published an op-ed in Roll Call regarding the CLASS Act today that can be found here.