In a bipartisan vote, the House of Representatives passed a measure repealing the onerous 1099 reporting requirement in the Affordable Care Act on March 3. This vote comes on the heels of the Senate’s passage of an amendment to fix the requirement on February 2.
It is essential we fix this provision now, and we’re glad the House took action. However, we believe the Senate bill better addresses the needs of small businesses by fully maintaining middle class subsidies in the healthcare law. The amendment, offered by Senator Stabenow, passed with an 81-17 vote in the Senate and received support from all Republican members.
For the sake of small businesses—our nation’s chief job generators—we hope both houses of Congress can work together to send the most responsible legislation, with the least burdensome offset, to the president’s desk. Small businesses need to learn about the provisions in the Affordable Care Act that hold the greatest promise for them, specifically the small business tax credits and health insurance exchanges, which will lower their healthcare costs and give them the choice they want and need. The 1099 provision, which would require businesses to file a 1099 form for the purchase of any goods or services over $600, has nothing to do with healthcare reform and was only included as a revenue-generating measure.
By putting this issue to rest we will finally be able to refocus our efforts toward smooth implementation of the law and ensure America’s 28 million small businesses receive the myriad benefits it provides.