WASHINGTON – United States Senator Mary L. Landrieu, D-La., Chairman of the Small Business and Entrepreneurship Committee, made these remarks following the votes to repeal 1099.
“We’ve heard the outcry from small businesses across America and we are taking action,” said Senator Landrieu. “We are no longer scratching the surface; we are removing the unnecessary regulatory burden on the drivers of the American economy. Our entrepreneurs have too many things to worry about. This vote today removed the pounding headache that could have turned into a migraine for entrepreneurs.
“This bill will have to be negotiated in the House. I hope we are able to find another source of funding for this repeal. We need to find the smart solution, not just the quick and easy fix. I hope that we can fine-tune the off-set, so that we don’t lose disaster recovery dollars for Louisiana and other states.””
This evening, the Senate voted on three amendments to S.223, FAA Re-Authorization including Levin Inouye S. AMDT.28, Stabenow S.AMDT.9, and McConnell S.AMDT.13. The Levin Inouye Amendment called for a repeal of 1099 with oil and gas tax offset, the Stabenow Amendment repealed 1099 with unspent discretionary funds offset, except for Department of Defense, Veteran Affairs, and Social Security Administration. The third amendment from Senator Mitch McConnell called for a total repeal of health care reform.