Max Baucus: “The Senate is about to pass a bill that should significantly bolster our economic recovery. The bill we are about to…”

“The Senate is about to pass a bill that should significantly bolster our economic recovery. The bill we are about to pass will cut rates for families. It will reauthorize unemployment insurance. It will extend the child tax credit and the college tuition tax deduction. It will extend the research and development tax credit and accelerate depreciation for businesses. It will cut payroll taxes for workers. These are important provisions. But the bipartisan leadership did not include several other important items which I think deserve special attention. One provision I want to highlight this morning is the provision to repeal the 1099 reporting requirements. Small businesses across America were disappointed that this provision was not included in the bill. Surprisingly, some on the other side of the aisle blocked inclusion of a provision to repeal these requirements.”