Chamber Supports Withholding Repeal Legislation

Chamber Rallies Support for 3% Withholding Repeal Legislation

Reps. Kendrick Meek (D-FL) and Wally Herger (R-CA) joined the National Association of Counties and the Chamber-led Government Withholding Relief Coalition in rallying support for H.R. 1023, the Withholding Tax Relief Act of 2007. This legislation would repeal a mandate that federal, state, and local governments withhold 3% from all payments to government contractors for goods and services beginning in 2011.

The Chamber and the Coalition oppose the 3% withholding mandate, which will cause companies to lose vital funds needed to operate day-to-day activities, forcing them to pass along the added costs to customers or finance the additional amount.

Click here to read the summary of the 511 legislation

Click here to read the Talking Points

For more information, visit: http://www.withholding.relief.org