Providing for Consideration of H.R. 2576, Modifying Income Calculation for Health Care Programs, and Providing for Consideration of H.R. 674, 3% Withholding Repeal and Job Creation Act

Floor Speech

By:  Dennis Ross
Date: Oct. 26, 2011
Location: Washington, DC

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Mr. ROSS of Florida. I thank the gentleman for yielding.

Mr. Speaker, I rise in support of the rule and the underlying bill.

Now more than ever, regulatory and tax reform are needed. The 3 percent contractor withholding requirement is yet another onerous regulatory tax policy that will hinder small business' ability to survive and hire new employees. The 10.6 percent unemployment in my home State of Florida cannot handle another government job-killing regulation.

Repealing this legislation will ensure America's small businesses are not assessed another regulatory cost that will either be passed on to consumers in cost or will force another small business to shut its doors.

The 3 percent withholding requirement was originally intended to make sure contractors paid taxes. In reality, it is simply a one-size-fits-all government approach to a problem filled with unintended consequences.

One of the most tragic consequences could be the cost to our seniors. Ninety-five percent of Medicare physicians will be affected by this withholding tax. Our seniors should not suffer because our Tax Code is too confusing, too burdensome, and too big.

Mr. Speaker, this regulation shows why we need a Tax Code that is flatter and smaller and why we need Medicare reform with fewer scare tactics and more choices.

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