NJECPAC & NJ-IEC Partnering to Protect You And Your Business

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New Jersey, United States
NJECPAC is a Continuing Political Committee (CPC). A CPC is any group of two or more persons acting jointly, or any corporation, partnership, or any other incorporated or unincorporated association, civic association or other organization, which in any calendar year contributes to aid or promote the candidacy of an individual, or the candidacies of individuals, for elective public office, or the passage or defeat of a public question or public questions, lobby for the passage or defeat of certain legislative bills introduced in the NJ Legislature in accordance with N.J.S.A. 19:44A-8(b). A CPC is frequently referred to as Political Action Committee (PAC). The NJECPAC was formed to provide funding for legislative initiatives of its members and its member organizations representing the interests of Electrical Contractors, Small Businesses and Taxpayers throughout the State of New Jersey.

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Friday, November 26, 2010

Senator Pushes For The Repeal Of The Health Reform's 1099 Rule This Year

Senator Mike Johanns (R-NE)
Senator Johanns Looks To Repeal Of 1099 Filing Requirement In Lame Duck Session

An amendment to the food-safety bill introduced by Sen. Mike Johanns, R-Neb., would repeal a provision in the health care reform law requiring businesses to report to the Internal Revenue Service any purchases from a single company totaling $600 or more annually.

The vote, scheduled for Monday November 29th, would repeal a change in tax reporting requirements hidden within the health care law. Even Obama has conceded that the provision is onerous on small businesses and warrants adjustment.

“I think the momentum is there,” Johanns said. “I don’t think anyone is trying to defend why this [provision] needs to be there.” Read More
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