[Congressional Record (Bound Edition), Volume 157 (2011), Part 3]
[House]
[Page 3067]
[From the U.S. Government Publishing Office, www.gpo.gov]




                 REPEAL THE 1099 REPORTING REQUIREMENT

  (Mr. GIBSON asked and was given permission to address the House for 1 
minute.)
  Mr. GIBSON. Mr. Speaker, I rise today to fight for the job creators 
in my district. Small businesses and family farms in upstate New York 
are already struggling to survive in these tough economic times. We in 
the Congress can help by attacking the impediments to their 
profitability: high taxes, onerous regulations, and spiraling health 
care and energy costs.
  Today I rise in support of the repeal of the 1099 reporting 
requirement that was included in the government-centric health care 
bill passed last year. This new government mandate is set to require 
our small businesses to issue detailed tax information for each vendor 
with whom they do business beyond $600. Some of our small business 
owners have hundreds of these vendors, and this new onerous requirement 
is absolutely unnecessary and would add more burden to an already 
stressed bottom line.
  I look forward to standing with the small businesses and farms in my 
district tomorrow by casting a vote to repeal the 1099 provision.

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