Small Business Paperwork Mandate Elimination Act of 2011

Floor Speech

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Mr. PAULSEN. I thank the chairman.

Madam Speaker, I also rise in strong support of the legislation here today that would repeal this burdensome 1099 tax requirement contained in the new health care law. Failure to eliminate this provision would result in vast amounts of new paperwork and additional accounting burdens for 30 million businesses that are still struggling in a very downbeat economy.

Now, while having gone virtually unnoticed in the context of the entire health care debate, this provision has created quite a bit of concern for companies who are already facing increased regulatory compliance costs as they get ready for this new provision to take effect.

Madam Speaker, almost every week I get a chance to visit with a small business back in Minnesota in my district; and nearly every one of them has asked me in bewilderment and in complete disbelief why they would be required to have to do this because of the amount of time and the amount of energy it will take to comply with this new requirement. So now, if there's a small business owner and they want to go into a Target store and they purchase $600 worth of office supplies annually, they are now going to be required to file a new 1099 form--not only with the IRS, but with the Target Corporation. It's a waste of time, and time is money.

We need to be thinking about how we can help our Nation's small businesses get back on track by growing jobs and helping our economy move forward. It's not the way to do it by increasing more burdensome paperwork and bureaucratic paperwork. We need to let them be productive, to unleash their productivity, rather than filling out unnecessary forms.

Madam Speaker, I know, with the elimination of this onerous reporting requirement, small businesses are now going to be able to focus where they should focus their resources: on growing jobs and creating a better economy instead of processing additional paperwork and navigating bureaucratic red tape.

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