Lynn Jenkins: “According to the President's health care law, starting next year any business that purchases more than $600 worth of…”

“According to the President's health care law, starting next year any business that purchases more than $600 worth of goods or services from another business is required to submit a 1099 tax form to the Internal Revenue Service. I'm a strong supporter of job creation. However, I do not think building more bureaucratic barriers for small business and creating additional positions at the IRS is the kind of job growth this country needs. As Alan Meyers, an electrician in my district, stated in a letter to my office: ``This is absurd. The small business men of this country have more paperwork than they can get done now.'' While we have disagreed about the full repeal of the health overhaul law, the administration and many of my colleagues on the other side of the aisle have recently decided they strongly agree with Republican Members in Congress that the 1099 reporting provisions should be repealed. However, a few weeks ago, we received the President's budget which would only repeal the 1099 requirement for goods but keep it for services--a glaring contradiction to the President's stated strong support for the full repeal of this harmful provision. So I'm pleased that the House has chosen to move forward with the full repeal of this unprecedented burden on small business.”