Erik Paulsen: “I also rise in strong support of the legislation here today that would repeal this burdensome 1099 tax requirement…”

“I also rise in strong support of the legislation here today that would repeal this burdensome 1099 tax requirement contained in the new health care law. Failure to eliminate this provision would result in vast amounts of new paperwork and additional accounting burdens for 30 million businesses that are still struggling in a very downbeat economy. This provision has created quite a bit of concern for companies who are already facing increased regulatory compliance costs as they get ready for this new provision to take effect. Almost every week I get a chance to visit with a small business back in Minnesota in my district; and nearly every one of them has asked me in bewilderment and in complete disbelief why they would be required to have to do this because of the amount of time and the amount of energy it will take to comply with this new requirement. It's a waste of time, and time is money. We need to be thinking about how we can help our Nation's small businesses get back on track by growing jobs and helping our economy move forward.”