On the recordMarch 2, 2011
Mr. Speaker, I am here to talk today about red tape, specifically the 1099 form. It's a relatively short, seemingly harmless form. Yet when we require every business in this country to file a 1099 form for every business transaction over $600, it is far from harmless. In reality, this requirement is an enormous burden that takes time, energy, resources away from growing their businesses. The 1099 provision is one of the many backbreaking regulations included in the Democrat's health care overhaul that I opposed when it passed the House in 2010. Repealing this requirement would be a victory for America's small businesses, families, and individuals. Florida's businesses deserve economic solutions that will let them keep more of what they earn so that they can innovate and grow. I urge my colleagues to support H.R. 4 and repeal this 1099 provision. ____________________
