With healthcare behind them, politicians eye Independent ContractorsMarch 24, 2010
|Dear Independent Contractor, |
With the healthcare bill passed, Washington politicians will be gearing up to focus their attention elsewhere, including legislation that threatens the way millions of Americans make a living and support their families: independent contracting. Proposed federal legislation includes a complex set of new rules defining who is allowed to be an IC – more complex rules with threatened heavy penalties to deter companies from hiring ICs.
As highlighted in a recent San Jose Mercury News article, politicians continue to either miss or ignore important facts about our healing economy – particularly in Silicon Valley and other tech centers where thousands of highly-skilled ICs work in the technology sector. In an area – and industry – hit especially hard by the recession, why would our lawmakers want to do something to hamper growth and recovery? The answer is simple: hidden agendas and budget deficits.
The proposed legislation – sponsored by Sen. John Kerry, D-Mass., and Rep. Jim McDermott, D-Wash. – would give the IRS more power to go after employers. Additionally, it would increase fines tenfold, meaning some fines would end up being $1 million. Startling, isn’t it?
Many politicians either refuse to see or ignore the fact that ICs are part of the solution – able to speed up economic recovery and allow businesses of all sizes to survive in today’s economic climate.
Some experts now fear a startling trend — U.S. small businesses becoming hesitant to hire ICs for fear of steep fines and confusing classification issues.
Those of us who are independent contractors – or who hire them – must act now, before it’s too late. After all, every day we’re a little closer to new laws that could do irreversible damage.
If you’re an IC – or a company that relies on them – visit www.cficf.org to voice your opinion about proposed legislation that threatens your livelihood. And as another reminder, look for continuing updates and news at www.twitter.com/IndContractors.
Coalition for Independent Contractor Freedom
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