Wednesday, 16 March 2011 06:18

Lungren small business paperwork reduction act passes House

slide3-lungren_small_business_paperwork_reduction_act_passes_house.pngAmador County – A small business paperwork reduction bill by Congressman Dan Lungren was passed last week by the U.S. House of Representatives, and headed to the Sentate for a first and second read, and was placed on the Senate Legislative Calendar.

Lungren (R-District 3, California) said last week that the House “passed my proposal to strike the expanded 1099 reporting requirements contained in the health care bill by an overwhelming vote of 314-112.” He said the vote was “a strong show of support for the small business community and a recognition that government cannot continue to heap additional mandates on the productive sector.”

Lungren aide Robert Ehlert said passage of H.R. 4, which was authored by Lungren last session and resubmitted at the start of this session, was a “victory for small business.”

He said Lungren led the effort to “repeal onerous tax” beginning last year with the “Small Business Paperwork Mandate Elimination Act,” and its passage last week by a 314-112 vote included 76 Democrats in support.

Lungren, a Republican from Gold River, released a statement March 3 following the bill’s passage of the House, saying he was “thrilled that H.R. 4 passed with such strong bipartisan support. It is my hope that the Senate will pass this bill without delay.”

Lungren said: “We need to finally provide assurance to small business owners that they will not be subject to this unfair and unnecessary tax reporting burden. The small business community is the backbone of our nation’s economy and our country’s job making machine.” He said: “Let’s stop imposing obstacles on those who make this country work.”

The bill was introduced into the House with its 245 original cosponsors, and when the vote neared, it had 273 cosponsors from both parties.

He said “the 170-word provision buried within the 340,000 words of the health care law” would require all businesses and non-profit organizations “to file 1099 forms for every business-to-business transaction over $600 per year.”

The GOP Legislative Digest said Lungren’s H.R. 4 would have a net impact of reducing the deficit by $166 million.

Story by Jim Reece This email address is being protected from spambots. You need JavaScript enabled to view it.