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Senate Proceeding on Sep 14th, 2010 :: 0:34:35 to 0:42:35
Total video length: 2 hours 40 minutes Stream Tools: Stream Overview | Edit Time

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Mike Johanns

0:34:16 to 0:34:40( Edit History Discussion )

Mike Johanns: pending amendment numbers 4595 and 459 be -- 4596 be modified with the changes at the desk. the presiding officer: is there objection? the senator from nebraska. mr. johanns: reserving the right to object. let me take a moment to analyze

Bill Nelson

0:34:35 to 0:42:35( Edit History Discussion )
Speech By: Bill Nelson

Bill Nelson

0:34:41 to 0:35:01( Edit History Discussion )

Bill Nelson: what the gentleman h the presiding officer: hearing no objection, it is so ordered. mr. nelson: mr. president, okay. we're down now to passing what we've tried to many times this small business assistance bill that's going to create a $30 billion lending facility

Bill Nelson

0:35:02 to 0:35:25( Edit History Discussion )

Bill Nelson: that would go through community banks that would produce $300 billion of loans that would specifically being targeted to small business to help getting our country moving again economically. this is huge. but right now we're stuck on this issue of whether or not

Bill Nelson

0:35:26 to 0:35:47( Edit History Discussion )

Bill Nelson: businesses are going to have to file these 1099 forms any time that they go and make purchases of goods. so the senator from nebraska wants to eliminate all of this.

Bill Nelson

0:35:48 to 0:36:11( Edit History Discussion )

Bill Nelson: that's a salutary result. but what does he do with it? he has to come up with a payment for it, the overall law costs about $17 billion. so he's got to come up with a pay for. where does he get it? he basically goes directly at the health care bill, the reform

Bill Nelson

0:36:12 to 0:36:33( Edit History Discussion )

Bill Nelson: bill, and he starts to gut the health care reform bill. now, this senator doesn't thinks that a very good idea particularly since what the senator from nebraska is -- is

Bill Nelson

0:36:34 to 0:36:56( Edit History Discussion )

Bill Nelson: gutting is the subsidies that allow people to get into health insurance that presently are unjshed. -- are uninsured. and the senator's amendment would take for people to go into the health insurance exchange.

Bill Nelson

0:36:57 to 0:37:19( Edit History Discussion )

Bill Nelson: these are uninsured people that we want to have private health insurance. two million of them in this country that otherwise would go into their state health insurance exchange and be able to purchase health insurance

Bill Nelson

0:37:20 to 0:37:42( Edit History Discussion )

Bill Nelson: with some assistance because of their income level. and it's a complicated formula. it actually gets at a mandate that the senator -- the current law, the health reform law, says if your health premiums are going to be above 8% of your

Bill Nelson

0:37:43 to 0:38:03( Edit History Discussion )

Bill Nelson: annual income, you don't have to -- it's not mandated that you purchase that health insurance. the senator from nebraska drops that down to 5%, which means that two million people in this country are not going to go into those health insurance exchanges and purchase health insurance. and, by the way, what's going to happen?

Bill Nelson

0:38:04 to 0:38:25( Edit History Discussion )

Bill Nelson: well, they're going to get health care if they don't have health insurance. where are they going to get it? they're going to get it at the most expensive place, at the most expensive time, that's what they get sick, they're going to go to the emergency room. they don't have health insurance. guess who's going to pay?

Bill Nelson

0:38:26 to 0:38:47( Edit History Discussion )

Bill Nelson: all the rest of us are going to pay, which was part of the reason of the health reform bill in the first place which was to get 35 million people out there in this country that are not insured and get them into the health insurance system so that you spread that health risk over

Bill Nelson

0:38:48 to 0:39:09( Edit History Discussion )

Bill Nelson: more people, that's 35 million people that are going to come into the health insurance system. and, therefore, have everybody paying instead of just those that have health insurance. the whole idea was to get more people into the system. more people paying insurance.

Bill Nelson

0:39:10 to 0:39:31( Edit History Discussion )

Bill Nelson: more people with health insurance so that they get prevention care because they've got health insurance and so they don't wait around until the sniffles have turned into pneumonia and they have to go to the emergency room. they don't have health insurance and everybody else pays for them. because they don't have health insurance.

Bill Nelson

0:39:32 to 0:39:53( Edit History Discussion )

Bill Nelson: now, what the senator from nebraska is doing is he is driving a stake into the heart of the health insurance reform bill by taking two million people out of that pool that are

Bill Nelson

0:39:54 to 0:40:14( Edit History Discussion )

Bill Nelson: uninsured that otherwise would be getting health insurance. now, that's the essence of this. otherwise the senator from nebraska and i agree. we want to stop this nonsense of the harassment of every time you

Bill Nelson

0:40:15 to 0:40:37( Edit History Discussion )

Bill Nelson: make a purchase of a good, some equipment, et cetera, that you've got to go file a 1099 because the other guy on the other end that's selling you that good isn't going to report the income. okay. he would eliminate all of that. this senator's amendment says,

Bill Nelson

0:40:38 to 0:40:59( Edit History Discussion )

Bill Nelson: okay, first of all, if you're a small business, if you're 25 employees or less, you're not going to have to worry about that requirement at all. and, secondly, this senator says that if you're 26 or more employees, that you're not going

Bill Nelson

0:41:00 to 0:41:23( Edit History Discussion )

Bill Nelson: to have to file that 1099 form when you purchase equipment unless it is over $5,000 of value. now, is -- is that too much to ask in order that we get people to pay their income tax that

Bill Nelson

0:41:24 to 0:41:44( Edit History Discussion )

Bill Nelson: they are owed that are not getting out of it to the tune of of $17 billion? and if somebody is not paying their income tax, is that fair? no, it isn't. so in tightening up the law, we're going to get people to pay

Bill Nelson

0:41:45 to 0:42:05( Edit History Discussion )

Bill Nelson: their income tax, but we're going to do it in a way that is not harassing any business but particularly small business because we're going to exempt them if they are 25 employees or less.

Bill Nelson

0:42:06 to 0:42:26( Edit History Discussion )

Bill Nelson: so the long and short of it is if the senator from nebraska's amendment, which is going to be voted on first, is not agreed to, then we come to this senator's amendment. you may want to eliminate everything, but if his

Bill Nelson

0:42:27 to 0:42:35( Edit History Discussion )

Bill Nelson: amendment -- the presiding officer: yield to the senator's time has expired. mr. nelson: i will conclude by

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