Fairfax, VA – Americans for Limited Government (ALG) expressed extreme disappointment that the U.S. Senate failed to allow a vote that would have eliminated a provision in the recently passed Obamacare law which requires businesses to report expenditures with another business that exceeds $600, but praised Nebraska Senator Mike Johanns for introducing the amendment to repeal of the measure.
Bill Wilson, ALG president praised Johanns for offering the amendment saying, “Senator Johanns is to be commended for trying to fix this problem. It is simply outrageous that this Congress continues to ignore the damage that they are doing to our nation’s job producers through massively expensive paperwork burdens, it’s almost as if they don’t want people to get jobs.”
Johanns’ amendment would have repealed a portion of the new health care law that requires businesses to file paperwork (known as 1099 forms) with both the IRS and the business that provided services or sold products to them that exceeded $600 over the course of a year. Additionally, the company that received the services or purchased the products with a purchase price in excess of $600 would have to file 1099 forms with the IRS and their business customer.
“The failure of this Congress to fix this single, obviously destructive provision, shows just how out of touch the current leadership is,” Wilson concluded.
The blizzard of paperwork is scheduled to begin in January 2012.
Interview Availability: Please contact Richard Manning at (703) 383-0880 or at firstname.lastname@example.org to arrange an interview with ALG President Bill Wilson.