Braley Works to Help Small Businesses Print
News Releases - Business, Economy & Finance
Written by Alexandra Krasov   
Monday, 14 February 2011 08:41
Calls for repeal of health care law provision that hurts businesses

February 10, 2011

Washington, DC – Today, Congressman Bruce Braley (IA-01) signed on to a bill that would help small businesses across the country by repealing a burdensome provision of the health care law, which was added by the Senate. The Small Business Paperwork Mandate Elimination Act will repeal the unpopular “1099” provision.

As a result of the so-called “1099” provision in the health care law, starting in 2012 small businesses will be required to submit 1099 forms for vendors that provide basic day-to-day operations, including office supplies, phones, shipping and other minor expenses. The Small Business Paperwork Mandate Elimination Act, sponsored by Rep. Dan Lungren (R-CA), will repeal this provision to make sure small businesses can focus on creating jobs.

“Small business owners are making touch choices every day, fighting to keep their businesses afloat. This is no time to hit them with new burdensome regulations,” said Rep. Braley. “This provision increases the cost of doing business and puts an unfair burden on business owners when they can least afford it. I know that small businesses are the engine of our economy – they are the job creators in so many communities in Iowa and around the country. And I want to make sure they can stay focused on creating jobs.”

Last year, Rep. Braley supported a similar provision to repeal the “1099” requirement as part of the Small Business Tax Relief Act. The “1099” provision was not included in the House version of the health care bill that Rep. Braley supported last Congress, but was later added into the Senate version of the bill which was then passed and signed into law.

# # #

blog comments powered by Disqus