Washington, DC – U.S. Senator Chris Coons (D-DE) yesterday co-sponsored legislation that would repeal Section 9006 of the Patient Protection and Affordable Care Act that requires small businesses to file 1099 forms with the IRS for individuals who receive a payment of $600 or more. The burdensome requirement adds to the already considerable paperwork required of small business owners, increasing administrative costs while doing nothing to create jobs or growing our economy.
“When I talk to small business owners in Delaware, they are consistent in their belief that government should be working to make it easier for their businesses to grow and take on more personnel,” Senator Coons said. “My colleagues from both sides of the aisle seem to agree on the need to alleviate this burden on entrepreneurs and small business owners. It’s time for us to stand together across party lines to get this done for those who will help our economy grow.
The bill was offered by Senator Max Baucus (D-MT) and, in addition to Senator Coons, is currently co-sponsored by Senator Harry Reid (D-NV), Senator Scott Brown (D-MA), Senator Sherrod Brown (D-OH), Senator Ben Cardin (D-MD), Senator Mary Landrieu (D-LA), Senator Ben Nelson (D-NE), Senator Debbie Stabenow (D-MI), Senator Chuck Schumer (D-NY), Senator Amy Klobuchar (D-MN), Senator Jeanne Shaheen (D-NH), Senator Bob Menendez (D-NJ), Senator Jay Rockefeller (D-WV), Senator Maria Cantwell (D-WA), and Senator Joe Manchin (D-WV).
Senator Coons co-sponsored a similar amendment during the lame duck session of the 111th Congress, but that measure failed to pass. A standalone measure also co-sponsored by Senator Coons did not receive consideration.
