[Congressional Record Volume 156, Number 151 (Thursday, November 18, 2010)]
[House]
[Page H7578]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                      REPEAL FORM 1099 REQUIREMENT

  (Mr. THOMPSON of Pennsylvania asked and was given permission to 
address the House for 1 minute and to revise and extend his remarks.)
  Mr. THOMPSON of Pennsylvania. Mr. Speaker, the Small Business 
Administration's chief counsel for advocacy, Winslow Sargeant, 
testified today in the Senate that the form 1099 requirement of the 
health care bill should be repealed. As a cosponsor of H.R. 5141, a 
bill by Congressman Dan Lungren to repeal that section, this was music 
to my ears.
  In his testimony before the Senate Small Business and 
Entrepreneurship Committee, Sargeant said, ``The form 1099 requirement 
will greatly increase the reporting and recordkeeping burdens on small 
businesses.'' As part of the health care bill, this section requires 
small businesses to issue an Internal Revenue Service form 1099 to any 
individual or corporation from which they purchase more than $600 in 
goods or services. Mr. Sargeant went on to cite a recent study by his 
office that indicated that firms with fewer than 20 employees pay 
$10,585 per employee on average to comply with Federal regulations. And 
we wonder why small businesses aren't hiring.
  It's time to repeal this burden and to work to get government 
regulations off the backs of our job creators. The true economic 
stimulus is the small businesses of this Nation, and they need our 
help.

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