Congressman Howard P. "Buck" McKeon (R-Santa Clarita), a former small business owner, issued the following statement regarding House passage of H.R. 4, The Small Business Paperwork Mandate Elimination Act, to repeal the stifling 1099 mandate on small businesses built into the "ObamaCare" health care law:
"Keeping another promise we made to our constituents in the Pledge to America, House Republicans voted today to repeal the overpowering, burdensome 1099 paperwork mandate to be placed on small business owners under the current health care law passed by Democrats last year.
"Having run a small business for many years, I know that sustainability is largely based on being able to make accurate predictions for future growth of the company, but when the government inserts oppressive mandates into the equation, it hinders business confidence and certainty in making projections for the year, five years, and ten years down the road."
"Seven out of every ten new jobs in America are created by our nation's small businesses, making them the leading source for America's prosperity and economic recovery. With these considerations in mind, the federal government should be making it easier, not harder, for our nation's small business to grow by removing barriers and obstacles in the way of our job creators. Today's vote to repeal the 1099 requirement in the health care law achieves just that. Rather than tie the hands of our job-creators, Republicans are fighting to let them harness their entrepreneurial spirit to develop a positive economic environment for our communities and country."