Today, U.S. Congressman Harold “Hal” Rogers (KY-05) voted in favor of the H.R. 4, the Small Business Paperwork Mandate Elimination Act of 2011, which would repeal the burdensome IRS From 1099 requirements created under ObamaCare. The House passed the measure 314 – 112.
“Government paperwork, complex tax forms, and red-tape stand in the way of job creation and innovation," said Rogers. “Instead of encouraging growth and stability, this administration’s healthcare take over will only create additional costs and further stifling economic opportunity. The House is already on record to repeal and defund this convoluted job-destroying health care law. By repealing the 1099 mandate, we are continuing to listen to the American people and taking a step in the right direction toward reducing these burdens, creating jobs, and putting our Kentucky families back to work.”
The 1099 reporting rules, included in the 2010 health care overhaul and the “Small Business Jobs Act”, constitute a burdensome and unnecessary mandate that would hurt as many as 40 million businesses, many of which are already struggling in this economic climate. Starting in 2012, ObamaCare mandates that all businesses file an IRS From – 1099 for any vendor with which they have more than $600 in yearly transactions. H.R. 4 repeals these costly provisions while eliminating an expense reporting requirement for rental property owners.
Rogers has served Kentucky’s 5th Congressional District since 1981. With a focus on economic development, job creation, fighting illegal drugs and preserving Appalachia’s natural treasures, he has a reputation for listening to his constituents and fighting for the region he represents. For more information visit www.halrogers.house.gov.