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Paulsen Post: March 3, 2011


Location: Unknown

Dear Friend,

I spent last week in Minnesota visiting schools and small businesses, and meeting with constituents. A special thanks to everyone who took time to come to my Congress on the Corner in Bloomington. This week I'm back in Washington, where we spent time tackling government spending and eliminating unnecessary paperwork requirements for small businesses. As always, keep in touch and let me know whenever I can be of assistance. Remember to follow me on Twitter and Facebook, and get my free iPhone App to keep up with the latest in Washington.

Erik Paulsen
Member of Congress

Removing Barriers to Job Creation:

I continue to hear from small business owners who are very upset with the new onerous paperwork requirements that were part of the new health care law. The new law imposes unnecessary tax information reporting burdens by requiring businesses to issue a Form 1099 whenever they do a business transaction with any individual or other business greater than $600 annually.

For example, if a company purchases over $600 of office supplies from Target it would be required to issue a Form 1099 to Target as well as report this to the IRS.

Today, the House passed bipartisan legislation which I cosponsored to repeal the 1099 mandate. The Small Business Paperwork Mandate Elimination Act will also reduce the deficit by $166 million over the next ten years.

Continued Budget Discussions:

It has been over a decade since we've seen a balanced federal budget and in January of this year, the U.S. debt surpassed $14 trillion. While budget talks will continue in the coming months between the House of Representatives and the Senate, we're taking the necessary first steps to end our country's spending-driven debt crisis that will put our nation on the path to economic growth and job creation. I am proud to say the House has led the charge in working across the aisle to reign in wasteful Washington spending, and it is my hope that this trend will continue expeditiously in the Senate so we can get our economy moving again and get Americans back to work.

Job Fair April 20th:

I will be holding a job fair to help connect job seekers and prospective employers. If your business would like to participate in the job fair, you can sign up on my website or contact my office at 952.405.8510. If you are looking for work, please consider attending. Together we can get Minnesotans working again.

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