Panel discussions throughout the day-long event focused on taxes, regulation and development strategies for small business owners and community leaders. The panelists included tax and business experts, including Rep. Sam Graves, the ranking member on the U.S. House Small Business Committee, and Rep. Devin Nunes, a member of the tax-writing House Ways and Means Committee.
“This year’s Iowa Community Conference featured some terrific guests with a deep knowledge and expertise of what it takes to succeed as a small business owner today,” Congressman Latham said. “Small businesses are the backbone of our economy, and they’ll lead the way in our economic recovery. In difficult times like these, the jobs small businesses create and the investment they attract to our communities are more crucial than ever.”
The Iowa Community Conference began more 64 years ago by then Iowa Congressman Charles B. Hoeven to give local leaders a platform to work with federal officials to strengthen their communities. Congressman Latham has hosted the event each year since he was first elected to the U.S. House of Representatives.
The final session of the 2010 Iowa Community Conference opened the floor to those in attendance to offer observations and ask questions. The conversation offered those in attendance, who represented small businesses and local governments from across Iowa’s Fourth Congressional District, a chance to exchange ideas that lead to economic development and job growth. The open forum centered on encouraging innovation, recovering from natural disasters and empowering the private sector so small businesses are free to expand.
Among the top concerns expressed by business owners in attendance was new regulations for employers under the new health care law. The first panel discussion focused heavily on a provision in the health care legislation that requires small businesses to file 1099 forms every time they make a payment of more than $600 to another business, contractor or vendor, placing a new and costly paperwork burden on small businesses that are already struggling to expand in a difficult economy.
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