Manufacturers commend House vote to remove costly burden.
Press Release Summary:
Aric Newhouse, NAM Senior VP for Policy and Government Relations, issued statement following House of Representatives' vote approving H.R. 4, the Small Business Paperwork Mandate Elimination Act. According to Newhouse, "The 1099 reporting requirements included in the health care bill were costly and unreasonable, and we are pleased the House lifted this burden on job creators."
Original Press Release:
Manufacturers Commend House Vote to Remove Costly Burden
Repeal of 1099 Reporting Requirement Helps Small Manufacturers
WASHINGTON, D.C., - National Association of Manufacturers (NAM) Senior Vice President for Policy and Government Relations Aric Newhouse issued a statement following the House of Representatives' vote approving H.R. 4, the Small Business Paperwork Mandate Elimination Act:
"The 1099 reporting requirements included in the health care bill were costly and unreasonable, and we are pleased the House lifted this burden on job creators.
While the NAM supports efforts to ensure tax compliance, we do not think it should come at the expense of manufacturers who are following the law. The Section 1099 reporting requirements would do just that, and the House was right in voting for common sense."
The National Association of Manufacturers is the largest manufacturing association in the United States, representing manufacturers in every industrial sector and in all 50 states. Manufacturing has a presence in every single congressional district providing good, high-paying jobs. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit www.nam.org.
