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Senate Proceeding on Sep 14th, 2010 :: 0:55:20 to 0:58:50
Total video length: 2 hours 40 minutes Stream Tools: Stream Overview | Edit Time

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Christopher S. Bond

0:55:16 to 0:55:36( Edit History Discussion )

Christopher S. Bond: so, mr. president, i would urge all of my colleagues to vote for the johanns amendment and to repeal this onerous provision. mr. johanns: mr. president? the presiding officer: the senator from nebraska. mr. johanns: mr. president, i would yield three minutes to the senator from missouri, senator bond. the presiding officer: the senator from missouri. mr. bond: mr. president, i thank my distinguished neighbor from

Christopher S. Bond

0:55:20 to 0:58:50( Edit History Discussion )
Speech By: Christopher S. Bond

Christopher S. Bond

0:55:37 to 0:55:57( Edit History Discussion )

Christopher S. Bond: nebraska. the distinguished senator from montana, the chairman of the finance committee, earlier this morning said that the small businesses are the engine that drive jobs in the economy, and i agree with you. i agree with you. as a former chairman of the small business committee, i know how important small businesses are. and i traveled around the state

Christopher S. Bond

0:55:58 to 0:56:18( Edit History Discussion )

Christopher S. Bond: in the past breaks to find out, meeting with small businesses, why they are creating jobs. and we frankly have cut off the fuel supply, the profits that drive these jobs. i asked a group of small businesses, i said now why is it that you're not creating jobs? is it because of the uncertainty people talk about?

Christopher S. Bond

0:56:19 to 0:56:40( Edit History Discussion )

Christopher S. Bond: i was immediately corrected. they said it's the certainty. we know what you have done in the health care law, putting unbelievable burdens on us. and they didn't even know about this 1099 requirement at the time. but the health care costs are burdening small business, and it's making it impossible and unwise for them to try to hire. i tiewkd a small businessman today and i asked him about it.

Christopher S. Bond

0:56:41 to 0:57:05( Edit History Discussion )

Christopher S. Bond: i told him what the requirements was. he said that's nuts what they think they are talking about. we're going to have to hire more bookkeepers. this unfortunately my colleagues on the other side of the aisle refuse to listen to small business in passing this, and they put burdens on them that are unbelievable. the new health care bill passed and signed into law is a boondoggle that will bury small

Christopher S. Bond

0:57:06 to 0:57:28( Edit History Discussion )

Christopher S. Bond: businesses and higher taxes and more paperwork. this job-killing mandate of the 1099 we're debating today will drown small businesses in paperwork by requiring small businesses to file two forms, one with the vendor, one with the i.r.s. for every business to business transaction over $600. according to the "wall street journal" this morning, this means that more than 30 million small businesses will be hit by

Christopher S. Bond

0:57:29 to 0:57:49( Edit History Discussion )

Christopher S. Bond: the new paperwork mandate beginning in 2013, and that's not the worst of it. even the taxpayers -- national taxpayer advocate of the treasury department, nina olson, says the cost of this measure -- quote -- "is disproportionate as compared with any resulting improvement in tax compliance."

Christopher S. Bond

0:57:50 to 0:58:10( Edit History Discussion )

Christopher S. Bond: that is the problem, that is the problem, and the johanns amendment is the only solution. we have got to correct this job-killing mandate as urged by the nfib, the chamber of commerce and the national small business association. the democrats are trying to sell a pig in the poke. the nelson alternative would

Christopher S. Bond

0:58:11 to 0:58:31( Edit History Discussion )

Christopher S. Bond: leave the same bad provision in place, only making it more complicated for small business owners to comply. it would only exempt small businesses with 25 employees or less, so yerdz we're telling small businesses not to hire the 26th worker while we're having unemployment up around 10%. only a vote for small

Christopher S. Bond

0:58:32 to 0:58:50( Edit History Discussion )

Christopher S. Bond: business -- if you have small businesses in your state, you better listen to it, and they are wanting the repeal, the full repeal of this burdensome mandate, and that means a vote for the johanns amendment which i'm proud to support. i ask unanimous consent that the full text of my remarks, along

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