Last week, President Obama signed H.R. 4 into law, revoking
the expansion of IRS Form 1099 reporting requirements in the new healthcare
reform law. NAED, along with many other organizations, including the National Association of Manufacturers (NAM), pushed for the repeal of the 1099
provision.
Last summer rumblings began about the 1099 reporting
provision that would affect businesses starting in 2012. After everyone started
taking a closer look, they realized that companies would have to file a Form
1099 for every individual or company from whom they purchased more than $600
worth of goods or services in a year. Talk about a big burden for many
businesses.
That’s when NAED began asking you to reach out to your elected
officials, and send letters letting them know the impacts that this new
requirement would have. And you responded – so many of you took the time to send
letters on this important issue. You made a difference; the voice of the
business community was heard. Take a moment to see if your senator or
representative voted for the 1099 repeal, and then personalize and send this letter thanking them for doing so.
This is a perfect example of what can happen when you speak
out on the issues that matter. If you have not gotten involved with NAED
Government Affairs yet, get familiar with all of the resources available on our website and be sure to join us for the
first-ever NAED Congressional Fly-In, September 7-8, 2011, in Washington, D.C. Whether or not you know a lot about the issues, the
fly-in is a great way to learn about the political process and help promote
electrical distribution on Capitol Hill.