Business Roundtable Statement on House Repeal of 1099 Provision

WASHINGTON--(BUSINESS WIRE)-- We commend the House for its swift repeal of the 1099 mandate as part of the passage of H.R. 705.

The repeal of 1099 illustrates how Congress can refine and improve health care reform so that businesses in all sectors can continue to compete, innovate and create jobs.

This is a great common ground issue where business and the President are aligned. We look forward to continuing to work with President Obama and the Administration to implement health care reforms that will ensure continued quality, increased efficiency and cost reduction for American families and workers.

Business Roundtable (BRT) is an association of chief executive officers of leading U.S. companies with nearly $6 trillion in annual revenues and more than 13 million employees. BRT member companies comprise nearly a third of the total value of the U.S. stock market and invest more than $114 billion annually in research and development – nearly half of all private U.S. R&D spending. Our companies pay more than $179 billion in dividends to shareholders.

BRT companies give nearly $9 billion a year in combined charitable contributions.

Business Roundtable companies provide health care coverage to more than 35 million employees, retirees, and their families.

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Business Roundtable
Kirk Monroe, 202-496-3269
Joe Crea, 202-496-3288

KEYWORDS:   United States  North America  District of Columbia

INDUSTRY KEYWORDS:   Health  Public Policy/Government  Healthcare Reform  Congressional News/Views  Public Policy  White House/Federal Government  Professional Services  Other Professional Services  General Health  Managed Care