Max Baucus: “The Senator from Nebraska and I share a common goal. We both want to repeal some IRS reporting requirements scheduled to…”

“The Senator from Nebraska and I share a common goal. We both want to repeal some IRS reporting requirements scheduled to take effect in the year 2012. Each of our two motions would allow consideration of an amendment to prevent the expansion of those IRS reporting rules. Thus, each of our two amendments would help small businesses across America. How? By repealing these burdensome paperwork requirements. But there are two big differences between our two amendments. First, my alternative is especially friendly to small businesses. It takes extra measures to permit the IRS to waive certain duplicative reporting requirements that small businesses now must experience; that is, the small businesses that use credit cards to pay their bills. My alternative goes further and gives more relief to small businesses. Second, our two versions differ as far as paying for the change.”