The Washington Independent
The Washington Independent

Small Business Bill Moves Forward, 1099 Amendments Falter

Last updated: Jul 31, 2020 08:00 | Sep 14, 2010 21:04
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Alberto Thompson

Today, the Senate voted to move forward to a final, majority-rules vote on the Small Business Jobs Act. Sen. George Voinovich (R-Ohio), who is retiring this year, crossed the aisle to break a Republican filibuster of the bill, which has been held up in the upper chamber since June.

Democrats applauded. “When we help small businesses, we help to get Americans back to work,” Sen. Max Baucus (Mont.) said in a statement, for instance. “This is exactly the kind of targeted, job-creating legislation that folks in Montana and across the country are urging us to enact. This bill creates the right conditions right now to help small businesses create jobs by spurring investment and entrepreneurship with tax cuts and improved access to capital.” And they had special praise for Voinovich.

However, two competing amendments to end a tax-reporting requirement that might prove onerous for small businesses failed to pass. Both Democrats and Republicans want to drop the “1099″ requirement, created in the health-care law, but cannot agree on how to pay for it.

Alberto Thompson | I live in Vancouver, Canada, and work as a web developer and graphic designer. Back end programming (PHP, Django/Python, Ruby on Rails) to front end engineering (HTML, CSS, and jQuery/Javascript), digital usability, user interface, and graphic design are all areas of web development where I spend my days. I'm a huge fan of web creation and design in all of its forms, as well as assisting small businesses and artisans with their online presence.

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