Currently, U.S. Senator Mike Johanns (R-Neb.) is working to add an amendment to a bill providing funding for 2011 for the U.S. Small Business Administration that would repeal the 1099 reporting requirement for businesses. This requirement, passed as part of the Patient Protection and Affordable Care Act, would prove to be an almost crippling hardship on small business owners, especially in these challenging economic times.
Over 100 groups, representing a diversity of businesses from florists to contractors, as well as Congressional representatives from both sides of the aisle agree that this onerous requirement must be repealed. Even the Obama administration has expressed support for this effort. However, despite all of this backing, previous attempts at repeal have fallen short.
On behalf of all of our members most of whom are small businesspeople who contribute jobs, taxes, and actively support their communities we urge Congress to reach the finish line this time by passing the repeal of the 1099 reporting requirement, and get it to the President’s desk.
Sincerely,
Roy Littlefield
Executive Vice President
Tire Industry Association