With Lipinski’s Support, Bill to Help Small Businesses and Job Creation by Repealing Paperwork Mandate becomes Law
Today, Congressman Dan Lipinski (IL-3) applauded the repeal of a portion of the new health care law that would have hurt job creation by dramatically increasing a paperwork requirement for small businesses. H.R. 4 eliminates a requirement that businesses file an IRS 1099 form for every vendor paid over $600. Congressman Lipinski cosponsored and voted for H.R. 4 and the President signed it Thursday.
"Right now it's tax season," Congressman Lipinski said. "Talk to any small business owner and they'll tell you they can't afford to spend any more time than they already do complying with the tax code. Time spent on IRS paperwork is time that can't be spent pursuing the growth and innovation that create the good jobs America needs. I'm proud to have cosponsored H.R. 4 and I'm going to continue working to fix the problem-plagued health care law and get our economy moving."
Congressman Lipinski voted against the health care law last year. In addition to supporting H.R. 4, he recently helped introduce H.R. 1173 to eliminate a portion of the health care law, the CLASS Act, that creates a long-term care insurance program experts agree is fiscally unsustainable.
"Small businesses create nearly two-thirds of new jobs in America," Congressman Lipinski said. "But across the Third District, they are more than a critical source of jobs. They are pillars of the community. For the last several years, small business owners have worked long hours and made many sacrifices to keep their businesses going in the midst of a brutal downturn. The last thing we should be doing is making life more difficult for them. With the passage of H.R. 4, we recognized the extraordinary contribution small businesses make to our economy and our country and the need to help them create jobs."
Congressman Lipinski's previous work to help small businesses includes helping to pass the Small Business Jobs Act, H.R. 5297, which is designed to create jobs by providing $12 billion in tax relief and increased access to credit for small businesses.
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