Alexander Receives “Guardian of Small Business” Award from National Federation of Independent Business

Posted on September 23, 2010

WASHINGTON – The National Federation of Independent Business (NFIB) presented Senator Lamar Alexander (R-Tenn.) with its Guardian of Small Business award Wednesday “for his outstanding record on behalf of America’s small business owners in the 111th Congress.” According to the NFIB, the Guardian of Small Business award is “the highest honor” that NFIB bestows on legislators in recognition of their efforts to support small business in America.

“One of my primary concerns in the Senate is our country’s top job creators – small businesses – and what Congress can do at a time of nearly 10 percent unemployment to help them put people back to work,” Alexander said. “I thank the NFIB for this award, which confirms to me that the best thing Congress can do to defend small businesses is keep their taxes low, cut red tape, and get the government out of their way so they can create good-paying jobs.”

Among his efforts on behalf of small businesses, Sen. Alexander is cosponsor of legislation that would repeal a section of the new health care law that requires all businesses, large and small, to submit 1099 tax forms for every business transaction greater than $600 in a given year, including routine expenses like the purchase of office supplies. This provision, if allowed to go into effect in 2012, would affect more than 40 million American businesses, including 26 million sole proprietorships, according to the National Taxpayer Advocate Service, an Internal Revenue Service (IRS) ombudsman. The senator has also introduced legislation that would encourage small businesses to invest in capital improvements by making permanent the 50 percent bonus depreciation and increased expensing limits, as well as supported legislation to reduce the “death tax” rate.

# # #