Sen. Rick Scott’s Legislation Recognized on National Taxpayers Union “No Brainer” List

September 15, 2022

WASHINGTON, D.C. – Today, the National Taxpayers Union (NTU) announced that Senator Rick Scott’s 1099-K reform legislation has been recognized on their 12th annual “No Brainer” List. Each year, NTU selects 10 bills highlighting the top pieces of legislation that benefit taxpayers in 2022. This year, NTU highlighted Senator Scott’s bill, which repeals an unnecessary tax hike included in the reckless so-called American Rescue Plan. Senator Scott’s bill repeals the tax increase Democrats placed on working class gig and sharing economy independent contractors. The Democrats’ provision requires companies to send 1099-K forms to gig workers and independent contractors earning at least $600 a year on any number of transactions, dramatically increasing the prior requirement of $20,000 a year on at least 200 transactions.

 

Senator Rick Scott said, “President Biden claims he won't raise taxes on anyone making less than $400,000, but that's a lie – he's already done it. Along with trillions in unnecessary and unrelated in spending in the American Rescue Plan, Biden inserted a tax increase on gig workers, like hardworking Americans that work as drivers for Uber, Lyft or DoorDash. Increasing costs and regulations on already-struggling Americans is wrong but I won’t stop fighting to stop it. I want to thank National Taxpayers Union for recognizing the importance of reforming 1099-K forms for our gig workers and including it on their 12th annual ‘No Brainers’ List. I’ll never stop fighting to protect our hardworking taxpayers and families.”

 

Andrew Lautz, National Taxpayers Union Director of Federal Policy, said, "Reforming the 1099-K reporting threshold is a No Brainer piece of legislation that could save millions of taxpayers hassle and paperwork next filing season. NTU applauds Sen. Rick Scott for introducing legislation to restore the 1099-K reporting threshold back to $20,000 and 200 transactions, up from the current $600 threshold enacted in 2021. Raising the 1099-K threshold is a policy with bipartisan support, and we urge Congress to act on this as soon as possible.”

 

Read more about National Taxpayers Union’s “No Brainer” List HERE.

 

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