Rep. Glenn Thompson Votes to Halt 1099 Small Business Reporting Requirement

From Glenn Thompson’s desk:

Washington, D.C. – U.S. Representative Glenn ‘GT’ Thompson, R-Howard an original cosponsor of H.R. 4, a measure repealing the authority of the Internal Revenue Service (IRS) to require that businesses report every expense they incur over $600, voted in favor of the bill earlier today. Passage of H.R. 4, which gained unanimous support from House Republicans and 76 Democrats, comes as federal courts continue to challenge the new law, with most recently a U.S. District Court ruling the health care law unconstitutional. Thompson issued the following statement after final passage:

“Many of my initial concerns are now becoming a reality as this law has caused great uncertainty for businesses. The 1099 requirement would be death by a 1000 paper cuts for Pennsylvania’s small businesses. Any typical small business in a given year may have hundreds of vendors and be faced with thousands of transactions, and these burdensome regulations hamper job growth and undermine our path to economic recovery. I’ve championed repeal of the 1099 requirement since its enactment, and passage of H.R. 4 is a critical step in providing relief to small businesses in the 5th District and boosting economic recovery, job retention, and creation in Pennsylvania and across the country.”

An outspoken Member of Congress regarding the importance of the 1099 repeal, Thompson during the 111th Congress co-sponsored H.R. 5141, to repeal the 1099 portion of the health care bill, and also joined with colleagues on the House Small Business Committee in sending a letter to Douglas Shulman, Commissioner of the IRS, expressing opposition to the mandate. As a member of House Education & Workforce Committee, a key committee of jurisdiction regarding federal health care policy, and Co-Chairman of the Congressional Health Care Caucus, Thompson continues to work in the House to advance commonsense health care reforms that reduce cost, promote choice, and improve the quality of health care delivery to more Americans.