[Congressional Record Volume 156, Number 128 (Wednesday, September 22, 2010)]
[House]
[Page H6812]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                    MAKING THE 1099 SITUATION WORSE

  (Mr. PITTS asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. PITTS. Mr. Speaker, throughout the month of August, I met with 
small business owners in my district who are anxious about the coming 
1099 reporting requirements created by ObamaCare. They see a mountain 
of tax paperwork in their future, a mountain that will increase their 
accounting costs and prevent them from growing their businesses.
  The 1099 reporting requirement has nothing to do with improving 
health care in this Nation. It was only included as another revenue 
raiser to pay for a massive new government health care entitlement 
program that the American people don't want.
  H.R. 5297, the small business bill the House will take up tomorrow, 
makes a bad situation even worse. Instead of repealing this burdensome 
requirement, the bill actually increases penalties and expands the 
number of transactions subject then to 1099 reporting requirements. The 
Congressional Budget Office estimates this proposal will raise over 
$2.5 billion. That's $2.5 billion that will go to the government 
instead of job creators.
  How long will it take our friends on the other side to figure out you 
can't increase the burden on our Nation's small businesses and then 
expect them to hire more Americans?

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