Senator Johanns e-Update
January 21, 2011
I am encouraged by the growing list of bipartisan Senators who are cosponsoring my 1099 repeal bill. I know that this is incredibly important to many small businesses in Nebraska and throughout the country, and it will be my first official act of the 112th Congress. I’ve invited all my colleagues to introduce this legislation with me, and so far, 29 have agreed to cosponsor.
Some of Nebraska’s own small business owners tell the story best. Jeff Scherer, who owns and operates Smeal Manufacturing in Snyder, understands the importance of repealing the 1099 mandate tacked onto the 2,000-page health care law. Unless repealed, Scherer estimates this provision will cost his business more than $23,000 in additional paperwork fees that could otherwise be used to reinvest in his company. Unfortunately, Scherer’s company is one of 40 million businesses across the country poised to be hit by this paperwork nightmare.
Bipartisan support for my legislation is already growing rapidly. By removing this nonsensical obstacle to economic growth, the new Congress has an opportunity to recommit our support for our nation’s job creators and help put Americans back to work.
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