Friday, April 8, 2011
The U.S. Senate has passed H.R. 4, that includes the repeal of the expanded 1099 reporting requirement included in the Patient Protection and Affordable Care Act.
The health care law mandated that, beginning in 2012, businesses would have to file a 1099 to ALL Vendors, both incorporated and unincorporated, to which they pay at least $600 annually for goods and services.
The president is expected to sign the measure to remove the requirement from the Health Care bill H.R.3590. However, it is only a partial and possibly temporary victory. The president has included a portion of the requirement in his budget that is currently being debated in
It’s time this Administration gets serious about helping small businesses by eliminating other oppressive taxes affecting small business, such as the 3% Withholding tax on all Federal Construction Contracts and the business killing Estate Tax that puts many businesses out of business resulting in jobs lost when the heirs of an estate involving a business have to cut back operations or close the business just to pay the Federal Tax.
Tuesday, April 5, 2011
|House Budget Chairman Paul Ryan, |
holds a copy of his budget proposal
"We've got to show the country that we can get this situation under control and grow the economy, and that's what we're doing," he said. "So whether (Democratic Senate Majority Leader) Harry Reid is willing to pass this bill or Barack Obama is ready to sign it, I don't know the answer to that question. Read More
|By Joseph Hovanec Jr|
It is a sad state of affairs when the President and Democrats are insisting on compromise now when they were not willing to compromise while they had total control of both houses and the White House.
They also failed to pass a budget last year when it was due and they had that control. They could have passed a budget at any time last year and there would have been nothing the Republicans could have done to stop them. Instead of doing their job they chose to ignore the budget while they played politics in their failed attempt to hold onto power in the House.