Political Gridlock Shouldn't Hold Up 1099 Fix
Statement by John Arensmeyer, CEO, Small Business Majority:
Reports of partisan gamesmanship blocking the Senate from fixing the 1099 reporting requirement as part of the recent tax cut deal are not only discouraging but also infuriating. We're disappointed there are those in Congress who would turn small businesses success into a partisan issue. There are millions of small business owners who need relief from this provision, which would place an onerous and unnecessary paperwork burden on them if it goes into effect in 2012.
The Patient Protection and Affordable Care Act has tremendous benefits for small businesses. The 1099 provision, which was included only as a revenue-generating measure, isn't one of them. Lawmakers on both sides of the aisle agree this provision needs to be fixed, and more than 90 senators have voted to amend this part of the law. Yet it still exists.
It's time for those preventing the 1099 provision from being corrected to end the political posturing. We urge all senators to look past their partisan differences and support small businesses by fixing this issue immediately.
Small Business Majority is a national nonprofit organization focused on solving the biggest problems facing America's 28 million small businesses. We conduct extensive opinion and economic research and work with small business owners, policy experts and elected officials nationwide to bring nonpartisan small business voices to the public policy table.