INHOFE SUPPORTS 1099 REPEAL

WASHINGTON, D.C. – U.S. Sen. Jim Inhofe (R-Okla.), a leading Senate conservative, today made the following statement after supporting a measure to repeal Obamacare’s unpopular 1099 tax reporting requirement provision. This measure passed the U.S. Senate by a vote of 87-12 and now goes to President Obama for his signature:

 “Today is a victory for Americans and small businesses across the nation. Without this repeal, this widely unpopular provision would require businesses to file a Form 1099 for any purchases that total over $600. The impact of this heavy burden would be felt by all businesses in the U.S, especially by small businesses, and would overload the Internal Revenue Service (IRS) with more data and paperwork than they could handle.  As an ardent opponent of Obamacare, I am dedicated to repealing and replacing Obamacare and its provisions that cause further unneeded government intrusion.”  

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