H.R. 4, repealing the onerous 1099 reporting requirement for small businesses

H.R. 4, repealing the onerous 1099 reporting requirement for small businesses: Leader Cantor Statement on 1099 Repeal Bill Text 112th Congress (2011-2012) H.RES.129.EH in PDF Format. WASHINGTON, D.C. – House Majority Leader Eric Cantor (R-VA) today issued the following statement on the passage of H.R. 4, repealing the onerous 1099 reporting requirement for small businesses:

“Today, the House took another step to make it easier for our small businesses to grow and create jobs by repealing the onerous 1099 provision. This needless tax compliance mandate included in the ill-conceived ObamaCare law bogs down businesses in paperwork, creating yet another hoop for them to jump through, instead of allowing them to focus on growing their business and creating jobs. While Republicans wish to repeal ObamaCare as a whole, we do not agree with the status quo for health care in this country which is why we offered a bill last year that was focused first and foremost on lowering costs.

“Nearly every small business person I meet says this is one of the most damaging provisions in the ObamaCare law because it forces them to issue burdensome tax forms, spending time and money on paperwork rather than hiring new employees or growing their businesses. I am hopeful we can work with the Senate to iron out the differences between the two versions, so that the President can sign this repeal into law.

"House Republicans are taking serious action to remove barriers to economic growth – including repealing ObamaCare and cutting spending – so that people can get back to work and we can start to get our fiscal house in order."

NOTE: 76 Democrats supported the measure. H R 4 RECORDED VOTE 3-Mar-2011 2:12 PM

TEXT CREDIT: Office of the Majority Leader H-329, The Capitol House of Representatives P: 202.225.4000

IMAGE CREDIT: RepBobGibbs

Paul Ryan Announces House Budget Committee Hearings for March

Chairman Ryan Announces House Budget Committee Hearings for March Committee to advance dialogue on budget challenges March 2, 2011 WASHINGTON – House Budget Committee Chairman Paul Ryan (WI-01) announced today two upcoming Committee hearings aimed at engaging the public on the Federal’s government unsustainable fiscal trajectory, and the need to repair our health and retirement security safety net.

On Thursday, March 10, the Committee will hear testimony on the subject of “Lifting the Crushing Burden of Debt.” On Thursday, March 17, the Committee will hear testimony on the subject of “Fulfilling the Mission of Health and Retirement Security.” Both hearings will take place at 10:00 a.m. in 210 Cannon House Office Building.

“Lifting the Crushing Burden of Debt”

Thursday, March 10, at 10:00 a.m. ET, the Committee will hear testimony from:

Douglas Holtz-Eakin
President, American Action Forum
Former Director of the Congressional Budget Office
Additional witnesses to address the economic consequences of the debt will be announced.

“Fulfilling the Mission of Health and Retirement Security”

Thursday, March 17, at 10 a.m. ET, the Committee will hear testimony from:

Alice M. Rivlin
Senior Fellow, Brookings Institution
Founding Director of the Congressional Budget Office
Former Director of the Office of Management and Budget

Charles Blahous
Research Fellow, Hoover Institution
Public Trustee for Social Security

James C. Capretta
Fellow, Ethics and Public Policy Center
Former Associate Director of the Office of Management and Budget

TEXT CREDIT: Committee On The Budget U.S. House of Representatives 207 Cannon House Office Building Washington, D.C. 20515 Phone: 202.226.7270

IMAGE CREDIT: RepPaulRyan