Now what was it that Princess Nancy Pelosi said?

Oh, yeah, I remember. It was something to the effect that we were going to have to go ahead and pass ObamaCare so that we could see what’s in it. I suppose that made sense, in a medical way; but it certainly wasn’t that smooth a move insofar as the electorate is concerned. The latest polls show that 56 percent of Americans want ObamaCare repealed. You’re about to discover yet another reason why:

Do you run a business? We’re talking everything from a law office to a mom-and-pop grocery store to a beauty shop to a car dealership. The law used to be that you would have to notify the IRS — through what is known as a 1099 form — of payments made to individuals or a partnership for labor or services they provided during the previous year.

Here comes ObamaCare to vastly expand your 1099 responsibilities starting in 2012. The rule will now be that if you are operating a business or a nonprofit organization, you are going to have to file a 1099 with the IRS for every single person or entity to whom you pay over $600 for any taxable year. “So what?” you say. “What’s the big deal?” Here are just a few examples of what businesses will have to do to comply with this one section of ObamaCare:

● You have a small landscaping service with one truck with a trailer on which you have about three lawn mowers and several weed eaters. Every single morning you pull into your local Chevron station to gas up the truck and equipment. Under ObamaCare you will now have to obtain the Federal Tax ID number from that service station, and at the end of the year you will have to file a 1099 form with the IRS citing, to the penny, how much money you spent there.

● You will also have to get the tax ID number from the company that insures your truck and file a 1099 form on them as well. Don’t forget the information for the phone company for your phone service and yellow pages ad.

● Oh, and the company that provides your unemployment insurance policy for your workers? Another tax ID number and another 1099. Ditto for your health insurance provider.

Moving right along … Let’s say you’re a manufacturer’s representative. You spend about 200 days a year on the road hawking various products for various manufacturers to customers across the country. Let’s just start the list of tax ID numbers you’re going to have to collect and the 1099s you’re going to have to file:

● Every airline from which you buy tickets worth more than $600 for the year.

● Every rental car company that you pay more than $600 for auto rentals. Don’t forget the Best Western hotels where you stayed.

● Do you lease a car for your business? There’s the leasing company and the auto insurance company.

● Do you buy office supplies from the local Office Depot? Don’t forget them either; you don’t want the IRS to fine you, do you?

Bear in mind, folks: All of this is in a bill that was supposed to reform health care and insure the uninsured. I’m sure that makes you feel so much better about having to fill out over 100 of these 1099s every year, knowing that it’s all part of a government takeover of health care.

Can’t the GOP just repeal the law next year? Well, the Community Organizer has a veto pen. Plus, the Democrats have determined that their new 1099 reporting requirements will bring in about $17 billion in revenue over the next 10 years. This means that in order for the GOP to repeal they’ll either have to cut spending or increase some other tax by $17 billion.

Call your accountant. If you don’t have one, get one. Again, elections have consequences.