Portman Votes To End 1099 Provisions Of Health Care Spending Law

WASHINGTON, D.C. – Today, U.S. Senator Rob Portman (R-Ohio) voted to end the new 1099 IRS provisions put in place by President Obama’s health care spending law, which was signed into law just over one year ago.  The National Federation of Independent Business called the provision, which would affect an estimated 40,000,000 American businesses and charities, a “tremendous new paperwork compliance burden.”

“To get our economy moving again, one of the first steps must be to put an end to job-killing regulations and legislation that threaten Ohio jobs.  The new 1099 provision stifles growth just when the opposite is needed to get us out of an economic downturn,” stated Portman.  “Why would we want to make Ohio companies less competitive globally?”   

On the first day in which he was allowed to introduce legislation, Portman introduced the Job Creation Act of 2011, which included a repeal of the 1099 provision of the health care law.  On February 2, the Senate first voted to repeal the 1099 provision of the health care law.  The legislation now awaits President Obama’s signature and will be a welcome deviation from his job-killing policies. 

“While I believe we need to repeal and replace the entire health care law, this is a move in the right direction,” concluded Portman.