Burgess Owens: “I rise today in support of H.R. 5982, the Small Business Tax Relief Act. This legislation repeals the new 1099 reporting…”

“I rise today in support of H.R. 5982, the Small Business Tax Relief Act. This legislation repeals the new 1099 reporting requirements that impose a flood of new tax paperwork on small businesses. This bill evidences our commitment to listening to our constituents and acting to resolve their legitimate concerns. We, on our side of the aisle, are listening. We are acting. I have heard from numerous constituents, farmers, manufacturers and other small businesses, about this issue. Repealing these requirements is critical to protecting small businesses and family farms from having to mail hundreds of forms to vendors each year. H.R. 5982 is fully paid for by eliminating $11.6 billion in tax breaks for companies that ship jobs overseas. We hear constantly about the need for regulatory reform. This bill provides regulatory relief. We need to focus on incentivizing U.S.-based production by focusing on appropriate tax incentives and reduction in regulatory activity by the government. I urge my colleagues to support H.R. 5982.”