Press Releases
Fighting for Small Businesses and Taxpayers, Luetkemeyer Backs Repeal of 1099 Requirement
Washington, DC,
March 3, 2011
Keeping his commitment to helping our nation's small business owners, entrepreneurs, and taxpayers, U.S. Rep. Blaine Luetkemeyer (MO-9) voted to repeal the health-care law 1099 requirement.
Keeping his commitment to helping our nation’s small business owners, entrepreneurs, and taxpayers, U.S. Rep. Blaine Luetkemeyer (MO-9) voted to repeal the health-care law 1099 requirement. “I will continue to fight for our nation’s small businesses and their employees by opposing any legislation that could be detrimental to their livelihoods,” Luetkemeyer said. “If we are serious about creating jobs and growing our economy, we need a thriving private sector. We must take immediate steps to stop the flood of unnecessary mandates that are hindering job growth. A significant issue on the minds of many folks in my district is the burden and expense of compliance with the health-care law’s 1099 requirement. I am glad to see the new Majority in Congress taking steps to address this troubling aspect in the health-care law.” Luetkemeyer is an original cosponsor of the Small Business Paperwork Mandate Elimination Act, which provides relief to small businesses by eliminating the onerous 1099 requirement. The 1099 provision is scheduled to take effect in 2012, when small businesses will have to send to the IRS a 1099 form for each and every business-to-business transaction of $600 or more. It is expected the IRS will hire as many as 16,000 new auditors. In the years ahead, small businesses will be faced with other job-killing provisions in the health-care law, including new taxes, costly federally mandated minimum benefits package, and other mandates on individuals and employers who will be penalized if they don‘t comply with the new health-care rules. The legislation is dedicated to protecting small business, their workers, and American taxpayers by:
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