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    Community Papers For 1099 Tsunami Repeal

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    jmhaigh
    The letter expresses support for proposed legislation that would repeal new tax paperwork requirements for small businesses. It argues that requiring community newspapers to file Form 1099 for occasional advertisers and vendors would result in exorbitant costs for even the smallest publishers to deal with the increased paperwork. This could lead small businesses to consolidate advertising or cut back altogether to avoid more paperwork, damaging local economies since each lost advertising dollar results in $4-$10 in broader economic losses. The letter urges support of bills that would remove this new burden on small businesses.

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    Community Papers For 1099 Tsunami Repeal

    Uploaded by

    jmhaigh
    88 views1 page
    The letter expresses support for proposed legislation that would repeal new tax paperwork requirements for small businesses. It argues that requiring community newspapers to file Form 1099 for occasional advertisers and vendors would result in exorbitant costs for even the smallest publishers to deal with the increased paperwork. This could lead small businesses to consolidate advertising or cut back altogether to avoid more paperwork, damaging local economies since each lost advertising dollar results in $4-$10 in broader economic losses. The letter urges support of bills that would remove this new burden on small businesses.

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    Community Papers Support for Repeal of New 1099 Paperwork Tsunami

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    Community Papers for 1099 Tsunami Repeal

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    The letter expresses support for proposed legislation that would repeal new tax paperwork requirements for small businesses. It argues that requiring community newspapers to file Form 1099 for occasional advertisers and vendors would result in exorbitant costs for even the smallest publishers to deal with the increased paperwork. This could lead small businesses to consolidate advertising or cut back altogether to avoid more paperwork, damaging local economies since each lost advertising dollar results in $4-$10 in broader economic losses. The letter urges support of bills that would remove this new burden on small businesses.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    88 views1 page

    Community Papers For 1099 Tsunami Repeal

    Uploaded by

    jmhaigh
    The letter expresses support for proposed legislation that would repeal new tax paperwork requirements for small businesses. It argues that requiring community newspapers to file Form 1099 for occasional advertisers and vendors would result in exorbitant costs for even the smallest publishers to deal with the increased paperwork. This could lead small businesses to consolidate advertising or cut back altogether to avoid more paperwork, damaging local economies since each lost advertising dollar results in $4-$10 in broader economic losses. The letter urges support of bills that would remove this new burden on small businesses.

    Copyright:

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    of 1

    THE FREE COMMUNITY PAPER INDUSTRY

    The Honorable Mike Johanns


    404 Russell Senate Office Building
    Washington, DC 20510

    August 26, 2010

    RE: 1099 Paperwork Tsunami Repeal Efforts

    Dear Senator Johanns:

    On behalf of the united Free Community Paper Industry, we write to express our strong support for S. 3578, the
    Small Business Paperwork Mandate Elimination Act, and your identical Amendment 4596. These measures will
    offer critical relief to hometown publishers and their small business advertisers by repealing the costly and burden-
    some new tax paperwork requirement included in Section 9006 of H.R. 3590.

    Our publishers operate on the front lines of the economy, providing the glue that bonds neighbors and the mer-
    chants on Main Street. We share a singular perspective on the condition of truly local commerce. No company
    among us has an excess of time, energy or money for a tsunami of frivolous paperwork.

    Based on member surveys, even the very smallest of community paper publishers would face exorbitant new costs
    for labor, office supplies and postage totaling in the thousands of dollars. At larger publications, the back and forth
    goose chase for Taxpayer Identification Numbers and Form 1099s from one-time vendors down to most occasional
    advertisers, raises the order of magnitude.

    Some have joked that the coming tsunami of paperwork could even “save” the Postal Service. However ironic,
    considering many of our publishers rely on the USPS for distribution, there are far better ways to achieve that unin-
    tended objective. Further, a separate unintended consequence could happen if small businesses consolidate advertis-
    ing to fewer outlets or cut back altogether to avoid more paperwork. Since each ad dollar lost compounds to a net
    economic loss of 4 to 10 times or more, this would be a disaster for our hometown economies.

    We appreciate your efforts to remove this new and onerous burden on small business and look forward to working
    with you to advance this vital legislation.

    Sincerely,

    Association of Free Community Papers


    Mid-Atlantic Community Papers Association
    Free Community Papers of New York
    Midwest Free Community Papers
    Community Papers of Ohio and West Virginia
    Community Papers of Florida
    Community Papers of Michigan
    Southeastern Advertising Publishers Association
    Texas Community Newspaper Association
    Wisconsin Community Papers

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