Washington, D.C. – Congressman Adrian Smith (R-NE) today hailed the U.S. Senate for passing H.R. 4, the House-passed 1099 Repeal legislation. Smith cosponsored H.R. 4, which overwhelmingly passed the Senate with a bipartisan vote of 87-12.
"Today's passage of the 1099 Repeal in the Senate moves us one step closer toward protecting Nebraska's small businesses, farms, and ranches from this misguided provision," Smith said. "I am grateful to Senator Johanns for his diligent work on this important issue, and I urge President Obama to immediately sign this legislation into law to reduce the heavy burden it places on job creators."
The 1099 mandate, which was included in the new health care law, requires farmers, ranches, and small businesses to file a form with the Internal Revenue Service for every vendor or contractor from which they purchase $600 or more of goods and services in a calendar year.
Smith sits on the Committee on Ways and Means, which has jurisdiction over H.R. 4. This assignment enables him to serve Nebraskans through engagement on critical issues including trade agreements, tax reform, Medicare, and Social Security.
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