Posted by Kristin Oberlander - Kristie Arslan, Executive Director of the National Association for the Self-Employed (NASE), released the following statement after the U.S. Senate voted to repeal the 1099 reporting requirement, which was part of the health care reform package passed last year:
“Small business owners nationwide applaud the U.S. Senate for voting to repeal an onerous provision of the health care reform law,” said Arslan. “There is no question that expanding the IRS Form 1099 reporting requirement would have placed an undue burden on small business owners, including the self-employed and micro-businesses. Adding to small businesses’ regulatory reporting burdens actively prevents these businesses from thriving and is a barrier to entry for new entrepreneurs. We encourage the House to follow suit and hope this signals a new trend to improve the business climate for the engine of our economy – small business.”
President Obama’s State of the Union reference to improving the health care reform law :
“Now, I’ve heard rumors that a few of you have some concerns about the new health care law. So let me be the first to say that anything can be improved. If you have ideas about how to improve this law by making care better or more affordable, I am eager to work with you. We can start right now by correcting a flaw in the legislation that has placed an unnecessary bookkeeping burden on small businesses.”