TIA says requirements would cripple small business owners
American writer Ralph Waldo Emerson once wrote, "Passion, though a bad regulator, is a powerful spring."
Roy Littlefield is passionate about the repeal of the additional 1099 reporting requirements enacted with the new healthcare law in 2010. How strongly does he feel about it?
In this letter to the editor, Littlefield, executive vice president of the Tire Industry Association (TIA), tries to spur tire dealers to action before the requirements go into effect after 2012.
To the editor:
Currently, U.S. Senator Mike Johanns (R-NE) is working to add an amendment to a bill providing funding for 2011 for the U.S. Small Business Administration that would repeal the 1099 reporting requirement for businesses. This requirement, passed as part of the Patient Protection and Affordable Care Act, would prove to be an almost crippling hardship on small business owners, especially in these challenging economic times.
Over 100 groups, representing a diversity of businesses from florists to contractors, as well as congressional representatives from both sides of the aisle agree that this onerous requirement must be repealed. Even the Obama administration has expressed support for this effort. However, despite all of this backing, previous attempts at repeal have fallen short.
On behalf of all of our members --- most of whom are small businesspeople who contribute jobs, taxes, and actively support their communities -- we urge Congress to reach the finish line this time by passing the repeal of the 1099 reporting requirement, and get it to the president's desk.
Roy Littlefield, executive vice president, Tire Industry Association
(To read one newspaper's account of what all the fuss is about, and how Congress is responding, click here.)