House Dems: GOP Prefers Outsourcing American Jobs over Helping Small Businesses
Aug 27, 2010 -
News From House Democrats
Last month, House Republicans voted in lockstep to kill legislation that would have provided relief to small businesses. All but two Republicans voted against H.R. 5982, which would have eliminated an information reporting requirement for businesses that is scheduled to take effect in 2012. The independent Taxpayer Advocate recently stated the requirement could pose potential “administrative challenges to taxpayers and the Internal Revenue Service (IRS).” The legislation was fully paid for – by closing tax loopholes that encourage companies to ship jobs overseas. Washington Republicans including John Boehner voted for repealing the 1099 provision – in a motion to recommit – before they were against it. For more information on this legislation, visit: http://go.usa.gov/cpm.
House Democrats are asking – why are House Republicans fighting relief for small businesses, in order to protect companies that are shipping American jobs overseas?
· Rep. Steny Hoyer (MD-05), House Majority Leader: “Time and again, Republicans have stood on the side of corporate interests rather than working families and small businesses and this is no exception. By siding with multinational corporations that exploit tax loopholes to ship jobs overseas and against small businesses struggling to create jobs in America, Republicans have made it clear where their priorities lie. Democrats are working to remove tax reporting requirements for small businesses, while closing loopholes to keep companies from sending American jobs overseas. It is my hope that when Congress returns in September, we can come together and pass a bill to provide small businesses with the help they need to put people back to work.”
· Rep. Chris Van Hollen (MD-08), Assistant to the Speaker: “It’s unfortunate that Washington Republicans continue to oppose our efforts to support small businesses and rebuild our economy. This week, Republican Leader John Boehner laid out the GOP’s vision for our economy – returning to the policies of the Bush Administration that got us into this mess in the first place, undermining small business owners in favor of large corporate special interests, and providing a tax cut to the wealthiest 2 percent of people while blowing a $700 billion hole in the deficit. His proposal fails in the short-term, because it will strangle our budding recovery by canceling contracts and tax cuts already promised to small businesses, as well as in the long-term, by increasing out-of-control deficits and creating economic uncertainty and instability. It’s time for Republicans in both the House and Senate to end their partisan gimmicks at the expense of small business owners.”
· Rep. Debbie Wasserman-Schultz (FL-20): “Continuing to protect tax-breaks for employers that ship jobs overseas shows how shockingly out of touch Republicans are with the challenges facing the American worker. Democrats will continue to work to ease the reporting burden placed on small businesses by repealing the 1099 reporting requirement. The fact that Republicans have continued to oppose this shows that they are more interested in political posturing than in helping America’s small business owners.”
· Rep. Pete Stark (CA-13): "The National Federation of Independent Businesses scored the vote on HR 5982 a 'key vote.' The GOP would rather protect corporations that ship American jobs overseas than give small businesses relief from the 1099 tax reporting requirement."