Two Senators are expected to introduce separate 1099 repeal bills today, a sign that the issue has continued momentum from last Congress.
Senator Mike Johanns (R-NE) has introduced 1099 repeal legislation since the health care bill was passed last March, and announced through an op-ed in Politico his intention to do so in this Congress. “The Small Business Paperwork Act” has, according to Johanns, 27 cosponsors including 6 Democrats. “If Congress and the administration want to clear the way for growth,” he writes in his editorial, “eliminating [the 1099 provision] is an obvious, big first step.”
Senate Finance Committee Chairman Max Baucus (D-MT) will also introduce a repeal bill today that mirrors legislation he introduced last Congress. The Senator’s amendment would also completely repeal the new reporting, but does not contain an offset. “We have heard small businesses loud and clear and are responding to their concerns,” Baucus said. “Small businesses need to focus on creating good-paying jobs – not filing paperwork.”