Weekly Address on 1099 Reporting Requirements
This morning Senator Johanns delivered the weekly Republican address regarding some of the job-killing policies in Democrats’ agenda. Specifically, he highlighted the new 1099 reporting requirements included in Section 9006 of the health care law, which the National Taxpayer Advocate has noted will affect 40 million businesses with “burdensome” paperwork requirements likely to have a “disproportionate” effect on small businesses. Sen. Johanns also spoke about the new $210 billion “Medicare tax” (which won’t improve Medicare’s solvency) that will also hit small firms struggling in difficult economic times.
Video of the address can be found here.