OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Small Business Paperwork Mandate Elimination Act of 2011

Floor Speech

Date: March 3, 2011
Location: Washington, DC
Issues: Business and Consumers Taxes

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Mr. McNERNEY. Madam Speaker, I have a motion to recommit at the desk.

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Mr. McNERNEY. I am opposed in its current form.

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Mr. McNERNEY. Madam Speaker, everyone knows that times are tough and that individuals, families, and small businesses are having a difficult time making ends meet. That's why it's so important that we provide small businesses, which are the backbone of our economy, with the tools to succeed.

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Mr. McNERNEY. Yes, the gentleman wishes to address the point of order.

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Mr. McNERNEY. With rising prices of gasoline, and unemployment that remains far too high, helping small businesses is more important than ever.

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Mr. McNERNEY. Madam Speaker, this directly addresses the tax provision in the Republican bill.

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Mr. McNERNEY. This motion to recommit addresses the pay-for in the bill.

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Mr. McNERNEY. Madam Speaker, I am a former small business owner, and while I strongly supported our efforts to reform the health care----

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Mr. McNERNEY. We have a paid-for tax cut that's germane and included in the motion to recommit.

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Mr. McNERNEY. While I strongly supported our efforts to reform the health care system, I also supported repealing the 1099 reporting requirement. This requirement will negatively affect small businesses' ability to operate smoothly and efficiently. There is a broad bipartisan consensus on this point, and I have received many emails, phone calls and letters from constituents in my district who oppose the 1099 reporting requirement.

I support repealing the 1099 provision----

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Mr. McNERNEY. We have a paid for tax cut that is in order.

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Mr. McNERNEY. I stand here to offer a better alternative. It's paid for. Instead of simply agreeing to the majority's bill, the motion to recommit would repeal the 1099 requirement and provide a new tax cut to the middle-class paid for by closing tax loopholes exploited by large oil companies. It's paid for and it's germane.

Oil companies have earned record profits over the last few years, and it's just unacceptable for them to take advantage of the special loopholes when the middle class is struggling.

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