Most of us in Yolo County, no matter our political persuasion, support our friends and neighbors who start small businesses and we want to see them succeed. John Garamendi struck a blow against these entrepreneurs when he voted to uphold a requirement that those who seek to deduct expenditures against their gross income must file a Form 1099 for all who provide them goods and services of more than $600 per year (HR 4).
The net effect of this expanded 1099 requirement was that all who want to take advantage of expenses/deductions had to keep a running tab on each business they dealt with — and the moment the $600 yearly threshold was crossed, keep it current so at the end of the year, the Form 1099 could be correctly filed.
The net effect of this requirement was to encourage business buyers to deal only with large companies where they could purchase all items they needed in order to simplify their tax record-keeping. No longer would they want to go to the neighborhood bakery, card or print shop, flower shop or computer specialist. They would buy everything at Staples, Target or Costco, or the equivalent.
We need people in Congress who support small businesses. For this reason, I urge your readers to support Kim Vann. Communities are healthiest when the private sector includes both large and small businesses. Kim Vann is from a farm background (i.e., small business) and she understands what small businesses need to survive, thrive and grow so our local employment base, and opportunities for our students and graduates, can expand.
Nancy Lea
Woodland