Chairman Graves Statement on House Passage of the 1099 Repeal

f t # e
Washington, Mar 3, 2011 | Darrell "DJ" Jordan (202-225-5821) | comments
WASHINGTON, D.C. – House Small Business Committee Chairman Sam Graves (R-MO) has released the following statement in response to the bipartisan House passage of H.R. 4, The Small Business Paperwork Mandate Elimination Act:

“Our nation’s small businesses create seven of every ten new jobs.  They represent 99.7% of all employer firms, and employ 97.5% of all identifiable exporters.  They are the entrepreneurs that can lead us out of the economic downturn.  However, Washington has not provided them with an environment in which they can thrive.” 

“At a time when we should be making it easier to create jobs and promote economic growth, small businesses don’t need another costly and burdensome mandate like the healthcare law 1099 requirement. At Small Business Committee hearings, owners of small firms have consistently told me that they want Washington to get out of the way so they can do what they do best: create jobs and help move our economy forward. Today’s 1099 repeal legislation does exactly that. It is common-sense policies like this repeal bill that will remove obstacles for our job creators and lead to a better environment for job growth and economic prosperity.”

On Wednesday, February 9th, Chairman Graves led the House Small Business Committee in a full committee hearing on this issue.

During the hearing, the Committee examined the expanded 1099 issue and heard testimony from small business owners about the mandate's administrative burdens and its potential negative impact on job creation, growth and business investment. The Committee also heard testimony from Representative Daniel E. Lungren (R-CA), the sponsor of H.R. 4.

Materials for the hearing are posted on the House Small Business Committee’s website at http://www.smallbusiness.house.gov/hearings
f t # e