Political Quotes

“Mr. President, I rise in support of the pending Johanns- Manchin amendment 161, which I believe would send a positive, strong message to job creators that Congress is listening, that we have heard them. The bill we are debating today to help small businesses utilize Federal funding for research and development is certainly important. But I have to tell my colleagues, I believe what our small businesses are focused on, what they are worried about is the avalanche of new regulations headed their way. They are worried about the mountain of paperwork that is about to overwhelm them due to the 1099 reporting requirements contained in section 9006 of the health care law. Instead of focusing on hiring new workers and growing their businesses, they are meeting with accountants. They are wondering why those in Washington choose to weigh them down further after the last 2 years. So the amendment I offer today seeks to solve that problem by repealing the 1099 reporting mandate that is weighing down upon them. As we all know, I am referring to the tax paperwork nightmare that, as I said, is buried in section 9006 of the health care law. It is straightforward. It says if a business purchases more than $600 of goods or services from another business, then they are required to generate and provide to that business and to the Internal Revenue Service a 1099 form. This new mandate will affect 40 million businesses in this Nation.…”