Do you have or work for a small business that has or wants work with a local or state government agency?
Can your bottom line afford a 3% tax on your contract amount?
If so, never mind…
If not – let your congressman and senators know! (Link Here)
The 3% Withholding Tax mandate that federal, state, and local governments withhold 3% from payments for goods and services, that will cause an unprecedented paperwork burden and force firms to increase costs possibly losing contracts or take the hit to their bottom lines. Take action. Encourage Congress to repeal this burdensome withholding tax and job-killing mandate.
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One response to “Small Business Tax”
Good news from D.C.
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Government Withholding Relief Coalition
The House just passed H.R. 674, to repeal the 3% withholding tax mandate, by a vote of 405 to 16. We are grateful for the leadership of Congressmen Wally Herger (R-CA) and Earl Blumenauer (D-OR) who tirelessly championed the legislation in the House. This resounding and overwhelmingly bipartisan vote is the result of the persistent and diverse efforts of our coalition.
According to the rule adopted by the House, H.R. 674 has been combined with H.R. 2576, which was also approved by the House today with bipartisan support, into one measure. H.R. 2576, in essence the offset, would adjust the income qualifications for purposes of determining eligibility for certain healthcare-related programs, such as Medicaid. Just as the Administration endorsed H.R. 674, it has likewise endorsed H.R. 2576 (Statements of Administration Policy for both H.R.674 & H.R.2576 are attached).
This means the House has approved with bipartisan support and the Administration’s blessing a measure to repeal the 3% withholding tax mandate with an offset that enjoys bipartisan support and the Administration’s support as well. We have great momentum, but our work is not yet done…
The ball is now squarely in the Senate’s court. In the coming days, we will be in communication with coalition members about how we will move forward to urge the Senate to pass the House approved legislation to repeal the 3% withholding tax.
Press Conference
Please mark your calendar and plan to attend a press conference with Senator Scott Brown (R-MA) on Tuesday, November 1st, at 9:30AM, in 428A Russell Senate Office Building. The press conference will highlight the need for the Senate to act to repeal the 3% withholding tax. If you can, please join us and show your support!
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Steve Lutes
Director, Corporate Leadership Advisory Council
U.S. Chamber of Commerce
Direct: (202) 463-5830
Email: slutes@uschamber.com
Web: http://www.repealwithholdingnow.com/