By Annie Russo
This morning, Sen. Scott Brown (R-Mass.) along with representatives of the Government Withholding Relief Coalition, of which ACI-NA is a member, held a press conference on the need for the Senate to consider the House-passed 3 percent withholding repeal bill.
Brown announced at the press conference that he introduced the House bill in the Senate yesterday (S.1762) which would repeal the provision requiring federal, state and local governments spending more than $100 million per year on purchases of goods and service to withhold three percent from all payments to contractors and vendors and remit those funds to the IRS. The funds would then be applied towards the contactors’ and vendors’ federal income tax liabilities. ACI-NA and airports across the country believe that if implemented the provision would increase airport construction costs while preventing job creation local communities.
Brown called on Senate Majority Leader Harry Reid (D-Nev.) to bring his bill to the floor as soon as possible saying that it would help prevent the loss of jobs across the country. Brown explained that the regulation is bad policy noting it was, “really ridiculous to waste money on a Washington mandate that would cost more money to implement than it would bring in revenue.”
In the written statement that Brown released in conjunction with the introduction of S. 1762, he stated, “Last week’s House vote was a rare showing of overwhelming bipartisanship, and now it’s time to take this jobs bill across the finish line. I again call on my colleagues in the Senate to avoid any partisan gimmicks and quickly pass the House version of my 3 percent withholding repeal. If the Senate is willing to unite behind this noncontroversial bill, it will be an important victory for America’s job creators, and proof that Congress can pass jobs legislation when all parties negotiate in good faith.”
ACI-NA shares Brown’s sentiment and continues to urge the Senate’s quick consideration of S. 1762 so the bill can be sent to President Obama for his signature as soon as possible.