Congresswoman Carol Miller | Congresswoman Carol Miller Official website (https://miller.house.gov)
Congresswoman Carol Miller | Congresswoman Carol Miller Official website (https://miller.house.gov)
WASHINGTON, D.C. - On Tax Day, Congresswoman Carol Miller (R-WV) joined the Americans for Tax Reform press conference to highlight legislation she introduced, the Saving Gig Economy Taxpayers Act.
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Remarks as prepared below:
The contrast between the Tax Cuts and Jobs Act and the American Rescue Plan is devastating - the Tax Cuts and Jobs Act worked for the American people, while the American Rescue Plan Act created tax hikes that actively takes money out of the pockets of hard-working Americans.
For the past two years, I have been working with Republicans to fix another law that needlessly taxes hardworking Americans and independent contractors who use online services, payment platforms, and marketplaces.
I re-introduced the Saving Gig Economy Taxpayers Act to repeal an unfair tax hike in the American Rescue Plan that would target the income of people selling items online and using online payment platforms.
President Biden is targeting Americans who are trying to make ends meet by unfairly classifying their normal sales and purchases as running a business. Essentially raising taxes on people making a lot less than four hundred thousand dollars.
Because of Democrats law change in the 1099-K form, someone getting selling exercise equipment from his garage online now qualifies as the owner of equipment corporation, a teenager babysitting the neighbors’ kids is in the childcare business, and roommates who split rent are now property managers, and are all eligible to be taxed by the IRS.
This overbearing and unnecessary tax provision only hurts, not helps Americans. So much so that the IRS delayed implementation of this because it was too confusing and too complicated. You know it’s a bad law when the IRS doesn’t want more taxes.
My bill will return the 1099-K reporting requirement to the time tested $20,000 and 200 separate transactions from the Democrats' disastrous budget gimmick, which lowered the threshold to just $600.
This commonsense bill will protect Americans' paychecks and I look forward to delivering real results for the American people.
Congresswoman Miller was joined President of Americans for Tax Reform and by the following Members of Congress:
- Majority Whip Tom Emmer (R-MN)
- Rep. Jason Smith (R-MO)
- Rep. Jodey Arrington (R-TX)
- Rep. Kevin Hern (R-OK)
- Rep. Adrian Smith (R-NE)
- Rep. Diana Harshbarger (R-TN)
Original source can be found here.