Manufacturers Commend Senate on Repeal of 1099

WASHINGTON, D.C., – National Association of Manufacturers (NAM) Senior Vice President for Policy and Government Relations Aric Newhouse issued a statement following the Senate’s vote to repeal the expanding reporting requirements under Section 9006 of the 2010 Patient Protection and...

Manufacturers Commend Senate on Repeal of 1099

-  National Association of Manufacturers (NAM) Senior Vice President for Policy and Government Relations Aric Newhouse issued a statement following the Senate’s vote to repeal the expanded reporting requirements under Section 9006 of the 2010 Patient Protection and Affordable Care Act:

“Manufacturers are pleased that the Senate has wisely lifted one of the many regulatory and policy burdens from their backs with tonight's vote to repeal section 1099. This is an important step and, we hope, an indication that the Senate understands that tax increases are slowing job creation and costing manufacturing jobs.

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. Section 1099 did just that and the Senate was right to turn it back.”

SOURCE

More in Home