Small Business Jobs Act Will Become Law
A mere week after the Senate heard you speak out on the importance of H.R. 5297 – Small Business Jobs Act of 2010, the U.S. House of Representatives took up the bill and—with a vote of 226-186—have sent it to the President for his signature.
The helpful provisions we highlighted for you last week were not changed when the House passed the latest version of the bill on Thursday. “We are delighted to see that the House moved quickly on a bill that is of extreme importance to photographers,” said David Trust, CEO of Professional Photographers of America. “Our only regret is that Congress was unable to incorporate a repeal of the new 1099 reporting requirements.”
We anticipate the bill will arrive at the White House for signature early next week.
While small businesses can claim a slight victory in seeing this bill become a law, there is no time to rest. There is still work to be done in securing the repeal of the 1099 reporting requirements mandated by the Patient Protection and Affordable Health Care Act. As written into law, the provision now requires businesses to provide 1099 forms for all business transactions exceeding $600, such as purchasing equipment or paying for lab services.
Take Action Now!
The House will only be in session for a few more weeks, and we need you to contact your congressperson and encourage their support of the discharge petition that will give the House an opportunity to repeal the 1099 reporting requirement currently mandated by law. To find out if your congressperson has already signed on, click here.
Visit the Contact Congress page to call, write or email your representative today.
In addition to representing members on copyright issues, PPA is a strong advocate on small business issues, primarily relating to health care. Through the Small Business Coalition for Affordable Healthcare, PPA advocates health care solutions that meet the needs of small business owners, employees, the self-employed and their families. In previous congressional sessions, PPA has supported various health reform bills, in particular those that would provide trade associations the ability to create insurance pools on behalf of its members.