Legislative Update January 28, 2011

As the 112th Congress begins to address its legislative agenda, government agencies are busy issuing regulations to enforce the new laws passed last year. From health care to ADA enforcement, regulatory agencies are forcing their way to the front of the political stage. This bulletin is brought to you by Misty Chally , the Executive Director of the Coalition of Franchisee Associations (CFA)Please be aware of the following issues affecting franchisees across the country

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House Passes Limited Tax Cut Extension – Bill Moves to Senate

On Thursday, the House of Representatives voted 234-188 to limit the extension of the 2001 and 2003 tax cuts to “middle income” earners – defined as individuals earning under $200,000 or married couples earning less than $250,000 per year. For all others, the tax cuts would expire at the end of the year, resulting in an increase in estate taxes, the alternative minimum tax, capital gains taxes and personal income taxes. Action Alert!

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Senate Again Fails to Repeal 1099 Requirements

Michael Cohn reports in Accounting Today that the US Senate voted Monday evening on a competing pair of amendments to repeal the expanded 1099 information reporting requirements that were included in the health care reform bill, but failed for the second time this fall to roll back the controversial requirements.

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Legislative Updates – Federal

After working to pass a Continuing Resolution (“CR”) to temporarily fund the government through December 3, Congress headed home to work on their re-election campaigns. When they return on November 15th, they will have three weeks to pass the entire 2011 budget or be forced to pass another CR in order to keep the government open. DDIFO Members Content

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Michelle Obama urges industry to step up efforts in obesity fight

Paul Frumkin writes in Nation’s Restaurant News that First lady Michelle Obama called on restaurateurs to help put an end to childhood obesity in an address made Monday to the National Restaurant Association’s board of directors at their fall meeting in Washington, D.C.

Thanking those in the foodservice industry who already have made an effort to address the problem, Obama urged restaurateurs to go even further.

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Small Businesses Closely Watching Tax Cut Debate

David KLightman writes in McClatchy Newspapers that Lonny and Robin Kocina started their business in the laundry room of their house more than 20 years ago, and they now employ about 45 people. However, they worry that Washington lawmakers are about to stifle their effort to keep their business growing. House Minority Leader John Boehner said Sunday he is willing to back tax cuts only for the middle class if that’s the only option he’s got – though he emphasized it would be “bad policy,” and that he wants Bush-era cuts extended for everyone.

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