The Tire Industry Association (TIA) is urging its members and all other tire industry professionals to call their U.S. senators immediately and ask them to support H.R. 4 and vote against the Menendez Amendment.
The votes on both H.R. 4 and the Menendez Amendment are scheduled for April 5.
H.R. 4 would repeal the burdensome and costly Form 1099 reporting provision (which was passed as part of the Patient Protection and Affordable Care Act), says TIA.
If passed, H.R. 4 would go straight to President Obama’s desk, and he has previously expressed support for the repeal, TIA notes. But, if passed, the Menendez Amendment would delay or even kill this repeal effort. If the repeal effort is not successful, starting next year, business owners will be required to file an IRS Form 1099 to report all purchases over $600.
TIA has been working for months to repeal the 1099 reporting provision, the association says. This includes meeting with key U.S. representatives and senators and their staffs, attending crucial hearings, and being an important participant in a coalition of diverse business associations, which have united in this repeal effort.
“While there is wide bipartisan support for the repeal of the onerous 1099 reporting requirement, previous attempts have failed, and the clock is ticking… That’s why we need everyone in the tire industry to contact their U.S. senators immediately and ask for passage of H.R. 4 and that they vote against the Menendez Amendment,” says TIA Executive Vice President Roy Littlefield.
To contact your U.S. senators, call 202.224.3121, or visit http://www.senate.gov/general/contact_information/senators_cfm.cfm.
