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RECENT VOTESSmall BusinessOn Thursday March 3, 2011 the House considered H.R. 4: Small Business Paperwork Mandate Elimination Act. This legislation would end a burdensome requirement making small businesses report any payments they make to other businesses that exceed $600 by filing 1099 forms. In July 2010 the House also considered a bill repealing this requirement. I supported that repeal. Interestingly, although the July 2010 proposal was fully paid for, it failed to pass because almost no Republicans supported it. This new House version pays for the repeal by taking away health care tax credits from families making under 400% of the poverty line, which essentially increases taxes on low- and middle-income families. Many of us support repealing the 1099 reporting requirement and recognize that it is a burden on small businesses. Indeed many of us, including myself, have voted for repeal in the past. This version simply takes the burden off small business and places it unfairly on the shoulders of low- and middle-income families. I voted NO; H.R. 4 passed and the entire vote is recorded below:
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