1099 bill/ 504 loans/ survey

I received this email from Kevin in Congressman Lungren’s office yesterday about HR 4 the 1099 repeal bill.

It is interesting that Congressman Lungren has 255 cosponsors [21 Democrats] so clearly it is going to pass yet three Democratic Senators - Nelson [Nebraska] Cantwell [Washington] and Klobuchar [Minn] sent a letter to Speaker Boehner asking him to pass HR 4.

The big question is what will happen in the Senate. Will the Democrats hold a filibuster and block this in the Senate?

If you want to see if your Congressperson was a cosponsor go to www.thomas.gov and put in HR 4.



From: Holsclaw, Kevin [mailto:Kevin.Holsclaw@mail.house.gov]
Sent: Thursday, January 20, 2011 1:58 PM
To: Scott Hauge
Subject: FW: The Hill

Scott:

As if 255 cosponsor on our bill (H.R. 4) I thought you would find the link below interesting.

Thanks again for all of your help.

Kevin

http://thehill.com/blogs/on-the-money/domestic-taxes/139167-senators-urge-boehner-to-pass-1099-repeal


The Small Business Jobs bill had a provision to allow refinancing of 504loans [commercial real estate]. It provided that this would remain in effect for two years from the passage of the bill. I just learned that the regulations have not been written yet and will not be until March and we really have no assurance it will be done then.

So one quarter of the loan period is gone because they can’t get the regulations written. This is Washington at its worst.


The surveys are beginning to come in and thank you to all that have completed it. If you haven’t done so already please take between 5 and 10 minutes . Help Small Business California set our agenda for 2011.


2011 Small Business California Survey

http://www.zoomerang.com/Survey/WEB22BQSFBGKKD/



Scott Hauge
President
Small Business California
2311 Taraval Street
San Francisco, CA 94116
shauge@cal-insure.com
415-680-2188