Texas Association of Business

The Obama Administration set up new IRS rules that require businesses to file 1099-MISC forms for annual expenditures over $600 with any one organization, like Office Depot.  This means that if you spend $600 or more on anything, including office supplies – you will have to file one of these forms.  Do you think that this radical red tape rule is good for your company?  If not, tell the White House and Congress that enough is enough.



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By Mark Hemingway

At Investor's Business Daily, Sean Higgins and David Hogberg have a doozy of a story:

Internal White House documents reveal that 51% of employers may have to relinquish their current health care coverage by 2013 due to ObamaCare. That numbers soars to 66% for small-business employers.

The documents - product of a joint project of the Labor Department, the Health and Human Services Department and the IRS - examine the effects new regulations would have on existing, or "grandfathered," employer-based health care plans.

Draft copies of the documents were reportedly…

Austin -- The following statement may be attributed to Texas Association of Business President Bill Hammond:

"The Texas Legislature began to realize years ago that to achieve the necessary reductions in air emissions in this state would require not only the resolve to identify and make the reductions, but a process for efficient administrative, legal and technical review that would enable approval of the changes so that the environmental and public health benefits could be realized as early as possible. Federal law allows Texas to design its own permitting program as long as it meets EPA requi…

By Erik Berte

FOXBusiness



A Democratic senator is introducing legislation for a bailout of troubled union pension funds. If passed, the bill could put another $165 billion in liabilities on the shoulders of American taxpayers.

The bill, which would put the Pension Benefit Guarantee Corporation behind struggling pensions for union workers, is being introduced by Senator Bob Casey, (D-Pa.), who says it will save jobs and help people.

As FOX Business Network’s Gerri Willis reported Monday, these pensions are in bad shape; as of 2006, well before the market dropped and recession began, only 6…