Republicans in Congress have been finding fault with the Democrat-endorsed federal health care reform law for months. Now, Nebraska U.S. Senator Mike Johanns says the legislation will hurt America’s small businesses by forcing them to fill out reams of unnecessary tax forms.
Johanns says, “My effort here, which I call the Small Business Paperwork Mandate Elimination Effort, would fully repeal section 9006 of the health care law and eliminate this ridiculous paperwork burden.” He says that portion of the legislation would harm businesses, by forcing them to submit another layer of forms to the Internal Revenue Service.
Johanns says that section of the law needs to be overturned. “I urge my colleagues to support me in this effort,” Johanns says. “Overburdening our job creators is not good policy, especially at this time in our economic recovery.”
Under the new law, starting in 2012, if a business buys more than $600 in goods from another business, they’ll be required to file 10-99 tax forms with the IRS and with that business. It’s busywork, according to Johanns.
He says, “If a rancher buys $100 worth of feed every month, then that rancher is going to have to submit a 10-99 to the feed store and then file it with the IRS.” Johanns says this simple-sounding requirement will have a profoundly negative impact on small businesses.