Political Quotes

“Mr. President, I rise today in support of the Johanns amendment to repeal an onerous mandate included in the health reform bill that would require millions of businesses to send billions of new information reporting forms to the IRS and other businesses. If Senator Johanns' amendment is not adopted here in the Senate, every business in America, starting in 2012, must report to the IRS on business purchases that exceed a threshold of only $600 per vendor or supplier--for purchases of supplies and equipment, and also services ranging from cell phone coverage to window washing to utilities. This new mandate was imposed in the health reform law, yet it has absolutely nothing to do with health insurance reform. What it does is make the Federal Government a more intrusive and burdensome presence in every aspect of American business--which is the very last thing American business needs during these tumultuous economic times. What small firms are clamoring for is certainty. They need the Federal Government to help foster an entrepreneurial environment under which they can do what they do best--create new jobs--and not saddle them with an incessant and unnecessary paperwork burden like this new 1099 filing requirement. Most Americans recognize forms 1099 as the statements they get from a financial institution when they earn interest on savings or from their mortgage lender for the deductible interest the borrower pays to a bank or credit union for their home mortgage.…”