Yesterday morning I received a letter from a constituent, Seth Arluck of New Hampton, NY. Seth's three-generation family business was hit hard by the housing market crash. The 1099 rule in the Affordable Care Act, Seth says, "would place a disproportionate burden on my very small lumber yard. . .I do not need an additional and unnecessary expense that serves no apparent purpose." He adds that the penalty for 1099 non-compliance, to fund small-business lending, adds insult to injury: "How clever, fine the heck out of me, and loan me the money to pay fines." Madam Speaker, this is no way to treat the engine of growth for America. Instead of investing in adapting to his clients' needs in changing times, Seth Arluck will now have to spend precious time and money on paperwork. The bill we must pass today is an important step toward curing the ill effects of the Affordable Care Act. The Senate has already acted and I call on President Obama not to delay helping Seth, and so many other of our Nation's job creators put Americans back to work.
Editor's note · Context
Speaker addresses concerns about the 1099 rule in the Affordable Care Act affecting small businesses.
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