Turner supports passage of the Form 1099 provision repeal
Lead Summary
By
-
Congressman Mike Turner released the following statement upon the passage of the Repeal of ObamaCare’s Form 1099 provision repeal:
“Today, the House took an important step toward eliminating just one of the onerous costs ObamaCare has placed on our nation’s job creators.
"While the unemployment rates in areas of the Third District exceed 14 percent, this burdensome provision in the president’s healthcare bill requires businesses to file a separate Form 1099 whenever they conduct a transaction with a vendor in excess of $600 a year. That means each time a company buys a plane ticket, spends money at the local gas station, or buys coffee from a corner shop for employees – if it’s over $600 throughout the year, there’s now a form to fill out. Without repeal, this will affect over 800,000 businesses across Ohio.
"Those businesses won’t be hiring new employees in our communities if they have to spend the majority of their time filling out forms. In order to help our neighbors get back to work, Congress should be making it easier for businesses to hire and expand, not bogging them down with new requirements. I hope the Senate will join us in finding ways to put Ohioans back to work.”
Members of the House voted 314-112 to pass H.R. 4, a bill that would repeal the expanded Form 1099 tax reporting requirements created by the Patient Protection and Affordable Care Act. The House 1099 fix also would repeal new tax reporting requirements aimed at owners of rental real estate.[[In-content Ad]]
“Today, the House took an important step toward eliminating just one of the onerous costs ObamaCare has placed on our nation’s job creators.
"While the unemployment rates in areas of the Third District exceed 14 percent, this burdensome provision in the president’s healthcare bill requires businesses to file a separate Form 1099 whenever they conduct a transaction with a vendor in excess of $600 a year. That means each time a company buys a plane ticket, spends money at the local gas station, or buys coffee from a corner shop for employees – if it’s over $600 throughout the year, there’s now a form to fill out. Without repeal, this will affect over 800,000 businesses across Ohio.
"Those businesses won’t be hiring new employees in our communities if they have to spend the majority of their time filling out forms. In order to help our neighbors get back to work, Congress should be making it easier for businesses to hire and expand, not bogging them down with new requirements. I hope the Senate will join us in finding ways to put Ohioans back to work.”
Members of the House voted 314-112 to pass H.R. 4, a bill that would repeal the expanded Form 1099 tax reporting requirements created by the Patient Protection and Affordable Care Act. The House 1099 fix also would repeal new tax reporting requirements aimed at owners of rental real estate.[[In-content Ad]]