Call it anything you want, but it's still a tax increase

We got this from AIA today--just one of the many sneaky increases all businesses and private individuals will be getting in 2011 and 2012. This administration is a disaster, folks. Now I ask you, what business doesn't spend more than $600 to purchase goods and services? Obama says he wants to help small business, but he does everything he can to thwart them because he knows they are the backbone of a market, entrepreneurial economy. Even Apple and Microsoft were once small. No one goes into business to fail.

Effective 2012, architecture firms and other small businesses may be hit with a dramatic and unnecessary increase in paperwork and tax forms. If the current law takes effect, any company that makes payments of $600 or more to purchase goods or services from any vendor will be required to file a 1099 MISC tax form to report the transaction. In short, your business will need to complete this form for virtually every service or piece of equipment it purchases. Many firms, especially small businesses, will suffer disproportionately under these rules. But now we have a chance to stop this law from taking effect. Sen. Mike Johanns (R-NE) has offered an amendment to a small business bill, which is currently being debated in the Senate, that would repeal this requirement. The amendment could be subject to a vote as early as today, July 28. We urge you to contact your Senators and tell them to repeal the 1099 paperwork requirement.