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Public Statements

Issue Position: Small Business

Issue Position

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We must provide small businesses with tax and regulatory relief that will allow them to create jobs and thrive. Bill is an original cosponsor of the Small Business Tax Relief Act of 2011, legislation designed to remove the 1099 requirement established by last year's Health Care Reform bill. According to last year's health care reform bill, starting in 2012, small businesses would be required to file a 1099 every time they spent $600. The intent of that provision was to act as a safeguard and ensure that small businesses were paying for their employees' health insurance. This obligation could be tracked by the 1099 forms, which would have to be submitted upon salary payment. Despite the intent, the provision as written would be more far-reaching and would require small businesses to file a 1099 form each time they spent $600 on anything. This legislation is now law.


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