Alexander Votes to Protect 40 Million Small Businesses from "Yet Another Job-Destroying Washington Mandate"
Posted on February 2, 2011
WASHINGTON – U.S. Senator Lamar Alexander (R-Tenn.) today voted in favor of an amendment to the FAA Reauthorization bill that would repeal a section of the new health care law that requires all businesses to submit a 1099 tax form for any transaction greater than $600 in a given year, including routine transactions like the purchase of office supplies. Alexander called this provision “yet another job-destroying Washington mandate in the health care law that raises health care costs, instead of lowering them, which should have been the whole point of health care reform.” The amendment passed the Senate by a bipartisan vote of 81-17.
Alexander added that “American businesses should be focused on how to grow and create good jobs—not on filling out one IRS form after another.”
This provision of the health care law—which would affect more than 40 million American businesses, according to the National Taxpayer Advocate Service, an Internal Revenue Service ombudsman—is scheduled to go into effect next year. The underlying FAA Reauthorization bill has not yet been voted on by the Senate.
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