Washington Watch - August 12, 2009


Washington Watch - August 12, 2009

From The Editor's Desk: Washington Watch Hiatus

Dear Friends,

Both the House and Senate have gone on break for the month of August, so this will be the last weekly update until the week of September 7th. In the meantime, stay tuned to www.NASE.org for the latest news of interest to the self-employed and micro-businesses.

Until then,

Kristin Oberlander, Editor

Washington Watch

Legislative Alert!

The NASE has recently learned of a troubling piece of legislation that has been introduced in the House by Representative Jim McDermott (D-WA). The Taxpayer Responsibility, Accountability, and Consistency Act, H.R. 3408, would expand Form 1099 information reporting requirements so that businesses would have to issue them to all service vendors including corporations. It would also alter the safe harbor provisions relating to worker classification which could negatively affect businesses hiring independent contractors.

The NASE opposes this legislation. With so many micro-businesses taxpayers already buried in paperwork, the goal should be to simplify the tax regulations rather than add to the burden of compliance through increased regulations.

Visit the Legislative Action Center on the Advocacy page to write your lawmakers about this bill.

Senate Panel Oks SBA Picks

The Senate Committee on Small Business and Entrepreneurship recently held a confirmation hearing on the nomination of Winslow Lorenzo Sargeant to be the Small Business Administration's Chief Counsel for Advocacy. The Committee is expected to vote on the confirmation when Congress returns from August recess.

The Office of Advocacy independently represents the views of small business to federal agencies, Congress and the President. It also conducts small business research.  

Dr. Winslow Lorenzo Sargeant currently works at a venture capital company that focuses on starting up health care and technology companies. Prior to that, he served as a program manager for the Small Business Innovation Research program in electronics at the National Science Foundation, among other positions.

View testimony and video of the hearing by clicking here.

Small Biz Health Care Roundup

Here's a sampling of this week's top health care reform articles in relation to small businesses:

Lawmakers and media outlets across the country rely on and regularly cite the NASE as a source of small and micro-business expertise. Help the NASE make sure the micro-business perspective is heard by taking this month’s poll.

Click here to log-in and participate.

Washington Watch Online
Visit NASE Advocacy to view archived editions of Washington Watch. While you’re there, read the latest updates from the Washington, D.C. office, write your Congressperson, and find out how you can join the fight for micro-business.

Courtesy of NASE.org