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Gibson supports 1099 repeal but not Owens' bill

January 27, 2011
By NATHAN BROWN, Enterprise Staff Writer

U.S. Rep. Chris Gibson, R-Kinderhook, favors repealing the 1099 provision in the national health-care bill, but he will likely oppose a bill that Rep. Bill Owens introduced Wednesday.

Owens, D-Plattsburgh, had proposed paying the repeal's cost with a tax increase on individual filers making over $800,000 and joint filers making over $1 million yearly. Gibson spokeswoman Stephanie Valle said Thursday morning that this action could increase taxes on small businesses, some of which file as individuals.

"That bill is basically turning around and taxing the very people you're trying to help," Valle said.

Article Photos

Rep. Chris Gibson
(Enterprise file photo)

Gibson has already signed on as a co-sponsor of two bills to repeal the provision, which will require businesses to file paperwork with the IRS for any business-to-business transaction of $600 or more. Neither of these bills, both bills introduced by California Republican Rep. Dan Lungren, include a funding provision.

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Contact Nathan Brown at 518-891-2600 ext. 26 or nbrown@adirondackdailyenterprise.com.

 
 

 

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