Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm Programming Radio Oklahoma Network  |  7401 N. Kelley Ave. Oklahoma City, OK 73111  |  (405) 841-3675  |  Fax: (405) 841-3674

advertisements
   
   
   
   
   
   

Agricultural News


Republicans Push Back on Obama Health Care Plan to 1099 Everything

Thu, 12 Aug 2010 6:02:04 CDT

Republicans Push Back on Obama Health Care Plan to 1099 Everything This week during the House Ag Committee Republicans feature The Ag Minute, guest host Representative Adrian Smith of Nebraska discusses how President Obama's new health care law negatively affects farmers, ranchers, and small businesses. Section 9006 of the law requires that all businesses file a 1099 with the Internal Revenue Service for every vendor with which it has more than $600 in transactions in a year. Rep. Smith explains that this would be an administrative nightmare for our nation's family farms.

This prompted him to cosponsor HR 5141, the Small Business Paperwork Mandate Elimination Act, which will repeal this new requirement. Click here to read the language of the bill.

Click on the LISTEN BAR below to listen to The Ag Minute. The transcript follows:
.
"Our nation's farmers and ranchers could have a pile of paperwork in their near future, thanks to of all things the health care bill.
"The health care law signed by President Obama requires farmers and ranchers to file a Form 1099 with the Internal Revenue Service for every vendor or contractor from which they purchase 600 hundred dollars or more in goods or services in a calendar year.
"In other words, when a farmer or rancher spends $600 on feed corn, seeds, fertilizer, fuel, tractors or nearly every other expense, they will have to research and prepare a 1099 form for each and every purchase.
"This will quite frankly prove to be an administrative nightmare for our nation's family farms.
"This is why I have cosponsored H.R. 5141, the Small Business Paperwork Mandate Elimination Act, legislation which will repeal this new requirement and provide relief for ag producers who are already burdened by the heavy hand of government.
"Our nation's farmers and ranchers already have enough headaches when it comes to tax time. Congress shouldn't be making them worse to pay for a misguided health care bill."

The Ag Minute is Ranking Member Frank Lucas's weekly radio address that is released each Tuesday from the House Agriculture Committee Republicans.


   

   

Congressman Adrian Smith Explains His Concerns About the Nation's Health Care Law That Will Force 1099s on Most Farm Input Purchases
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Wheat Production Estimates for Oklahoma Fall Six Percent from August to September   Fri, 30 Sep 2022 12:16:03 CDT
  • Younger Cows are Starting to Come to Town, Says Bob Rodenberger  Fri, 30 Sep 2022 10:46:55 CDT
  • BASF's First Bale of Cotton Helps Raise Money for Scholarship  Fri, 30 Sep 2022 10:12:04 CDT
  • Korean Grain Importers to View U.S. Corn Crop Firsthand Across Four States Ahead of Export Exchange 2022  Fri, 30 Sep 2022 09:40:41 CDT
  • Oklahoma Congressional Delegation Honored with Friend of Farm Bureau Awards   Fri, 30 Sep 2022 09:37:41 CDT
  • Fire Weather inputs will become Stronger with elevated Fire Weather moving into the mix through the Weekend  Fri, 30 Sep 2022 09:25:12 CDT
  • Federal Disaster Programs Available to Aid Producers in Forage Loss and Transportation   Fri, 30 Sep 2022 08:53:13 CDT
  • Dr. Kim Anderson Talks Factors Impacting Commodity Markets This Week  Fri, 30 Sep 2022 08:46:47 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Beef council Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Oklahoma City Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.
       

       

    Search OklahomaFarmReport.com

    © 2008-2022 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.