Political Quotes

“I thank the gentleman from Michigan, Chairman Levin. 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. {time} 1100 We hear constantly about the need for regulatory reform. This bill provides regulatory relief. Foreign tax credits do not incentivize production or manufacturing in the United States, as my colleague, Mr. Murphy, amply and adequately pointed out. We need to focus on incentivizing U.S.-based production by focusing on appropriate tax incentives and reduction in regulatory activity by the government. We have an opportunity today to continue to improve on the health reform law by passing this bill, by helping to create U.S. jobs, and focusing and incentivizing companies to grow the American economy. I urge my colleagues to support H.R. 5982.”