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Public Statements

Providing for Consideration of HR 2576, Modifying Income Calculation for Health Care Programs, and Providing for Consideration of HR 674, Withholding Repeal and Job Creation Act

Floor Speech

Location: Washington, DC

Mr. ALTMIRE. I rise in support of this legislation, which is bipartisan and cosponsored by almost two-thirds of our colleagues in this Chamber. Earlier this year, Congress passed another bill with almost equal support when we repealed the burdensome 1099 requirement. Today, we are again working in a bipartisan way to make this commonsense change to the Tax Code that will provide much needed certainty to businesses around the country.

I've heard from numerous small businesses in my district that if the 3 percent withholding provision goes into effect as scheduled, firms that do business with the Federal, State, and local governments will face what amounts to a tax increase at this time when they can least afford it. Congress has previously voted to delay implementation of this provision, but we can do more to show businesses in western Pennsylvania and across the country that we are serious about helping them succeed.

I urge my colleagues to join me in permanently repealing the 3 percent withholding tax provision.

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