MOTION TO PROCEED ON 3% WITHHOLDING REPEAL ADVANCES, 94-1
The U.S. Senate advanced the motion to proceed to H.R. 674, the House-passed 3% withholding repeal bill, by a vote of 94-1 on Monday, 11/7. SBE Council is hearing that Majority Leader Harry Reid (D-Nevada) will amend the bill with various items including a study to determine the extent of government contractor fraud, more IRS tools to collect tax debt from delinquent contractors, a modified version of Obama's hiring tax credit and some veteran provisions.
SBE Council continues to push for a clean H.R. 674, which passed the House with overwhelming support and has been endorsed by President Obama. Small business owners can contact their Senators at 202-224-3121 to urge clean passage of H.R. 674 -- the bill to repeal the 3% wittholding tax on government contractors and payments.