Posted by: thepinetree on 04/26/2010 09:24 PM
Updated by: thepinetree on 04/26/2010 09:28 PM
Expires: 01/01/2015 12:00 AM
Lungren Fights For Small Business in Seeking To Repeal Portion of Health Care Bill
Washington DC- Congressman Dan Lungren (R-CA), in an effort to assist small businesses in his district and across the nation, introduced legislation to repeal an onerous portion of Obama Care. The Small Business Paperwork Mandate Elimination Act will remove section 9006 of H.R. 3590. Section 9006 would place an unprecedented burden on small business by requiring any business that purchases more than $600 of goods or services from another business to submit a 1099 tax from to the Internal Revenue Service. The mandate is to take effect in 2012...
"Large corporations have whole divisions to handle such transaction paperwork but for a small business, which doesn't have the manpower, this is yet another brick on their back. Everyone agrees that small businesses are job creators and the engine which drives the American economy. I am dumfounded that this Administration is doing all it can to make it more difficult for businesses to succeed rather than doing all it can to help them grow," Lungren said.
The new tax filing mandate is one of several funding streams to pay for health care and is reported to raise $17 billion.
"At a time when our economy needs small businesses to help our country grow out of this recession, saddling them with expensive new requirements and paperwork burdens will only further hamper their ability to aid in our economic recovery," said Susan Eckerly, Senior Vice President of the National Federation of Independent Business (NFIB)
"We should be working on reining in the cost of health care, not imposing a new government mandate to squeeze every drop of revenue out of small business," Lungren concluded.
Congressman Dan Lungren serves as Ranking Member on the House Administration Committee in addition to serving on the Judiciary and Homeland Security Committees