Political Quotes

“Madam President, I rise today to discuss another issue in the Democrats' massive COVID spending bill that we need to fix. My Democratic colleagues want to keep spending into oblivion, taking our national debt to $30 trillion. This would be bad enough on its own, but tucked into the bloated spending package were new tax hikes on self-employed individuals. President Biden and the Democrats didn't talk about it, and they certainly aren't talking about it as they travel the Nation to brag about their bad bill. Democrats are quietly raising taxes, hoping the American people don't notice. The $1.9 trillion so-called American Rescue Plan Act, of which less than 10 percent went to actually help fight COVID and 1 percent to vaccines, had several tax increases and burdensome reporting requirements, including one that significantly impacts the gig workers--those who have been severely impacted by the coronavirus pandemic. Starting in 2022, this bill requires many contractors with gig economy companies like Uber, DoorDash, Airbnb, and Lyft to file 1099 forms when they previously would not have. The new requirement dramatically lowers the annual 1099 reporting threshold from $20,000 and 200 transactions to just $600 and eliminates the transaction minimum.…”