Political Quotes

On the recordFebruary 10, 2011
I rise today in support of House Resolution 4, the Small Business Paperwork Mandate Elimination Act of 2011. House Resolution 4 would repeal the provision from the recently passed health care reform law that requires every business to file a 1099 form with the IRS for every vendor with which they conduct business transactions of $600 or more on an annual basis. This requirement will force businesses to use scarce resources to comply with this burdensome government mandate, and it will take away from their ability to grow and create jobs. In these tough economic times, it is important for government to take proactive steps that will foster small business expansion and job growth. Unfortunately, the recently passed health care reform law will lead to the opposite. Increased government mandates, such as the 1099 reporting requirement, will lead to reduced revenues, job losses, and will only extend this economic downturn with its high levels of unemployment. I urge my colleagues to support the Small Business Paperwork Mandate Elimination Act of 2011, which will rid American businesses of this job-killing requirement.
Said by
Mike Coffman
Republican · Colorado
Source
govinfo.gov
Feb 10, 2011

Editor's note · Context

Coffman addresses the impact of the 1099 reporting requirement on small businesses and supports its repeal.

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