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Thune introduces bill to block tax-reporting requirement

Published 02/10/2012, The Daily Republic

U.S. Sens. John Thune, R-S.D., and Maria Cantwell, D-Wash., both members of the Senate Finance Committee, have introduced the 1099K Overreach Prevention Act to prohibit the Internal Revenue Service from implementing a new tax-reporting requirement on American merchants and small businesses.

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