Print Page   |   Your Cart   |   Sign In
News & Press: Arizona Business News Updates

Repeal of Withholding goes to President for signature

Thursday, November 17, 2011   (0 Comments)
Posted by: Donna Davis, Chief Executive Officer
Share |
Repeal receives bipartisan support in House and Senate

The Senate amended version of H.R. 674 passed this evening in the U.S. House of Representatives by a vote of 422 to 0. The bill now goes to the White House for the President's signature.

Congressmen Wally Herger (R-CA) and Earl Blumenauer (D-OR) along with Senators Scott Brown (R-MA) and David Vitter (R-LA) worked tirelessly to push through the legislation in the House. Chairman Dave Camp and Ranking Member Sander Levin should also be recognized for their efforts in Committee, and Speaker John Boehner, Leader Eric Cantor and Whip Kevin McCarthy for putting the 3% repeal on the House "to do" list. Also deserving of praise is Leader Mitch McConnell for pushing this legislation in the Senate. This resounding and overwhelmingly bipartisan vote is the result of the persistent and diverse efforts of the National Association of Government Contractors and the Government Withholding Relief Coalition.

According to the rule adopted by the House, H.R. 674 has been combined with H.R. 2576, which was also approved by the House with bipartisan support, into one measure. H.R. 2576, in essence the offset, would adjust the income qualifications for purposes of determining eligibility for certain healthcare-related programs, such as Medicaid. Just as the Administration endorsed H.R. 674, it has likewise endorsed H.R. 2576 (Statements of Administration Policy for both H.R.674 & H.R.2576 are attached).

This means the House has approved with bipartisan support and the Administration's blessing a measure to repeal the 3% withholding tax mandate with an offset that enjoys bipartisan support and the Administration's support as well. The President is expected to sign the repeal measure.

Source: Staff at NAGC

Affordable Dental Plans for ASBA Members

Delta Dental

Your smile deserves Delta Dental, the nation’s leading dental benefits provider. With the largest network of dentists, personalized service & special pricing for ASBA members, we make it easy to keep your smile healthy.

LEARN MORE

Payday HCM: Human Capital Management helping growing businesses!

PayDay HCM

Payday HCM provides what employers need to manage their human capital by providing technology solutions and in-person consultation, to deliver flexible, scalable and reliable payroll, benefits, HRIS, and tax management.

LEARN MORE

Think BIG, with UPS.

 

UPS

Whether your business is high tech or handmade, our expert-designed products and services can make your small business run more efficiently. Our solutions were created with the specific needs of small businesses in mind.

LEARN MORE

RSVP

Experience ASBA

REGISTER

Date: Held monthly
Time: Click for times based on location
Location: Phoenix or Tucson

RSVP

ASBA Speed Networking

REGISTER

Date: Held monthly
Time: Click for times based on location
Location: Phoenix or Tucson

Have Questions on Health Insurance?

Health Insurance

Do you have questions on plans for Individual, sole proprietor, or group? We can get the answers needed to make sure you find the right plan for you and your employees.

LEARN MORE

CopperPoint...at work for you

CopperPoint

CopperPoint delivers peace of mind to Arizona employers and their employees. We are the state's premier provider of workers compensation insurance, serving Arizona businesses, small and large, since 1925.

LEARN MORE

Speakers Form

Speakers Form

ASBA is on the cutting-edge of what is happening right now in the business community. We are looking for dynamic speakers to present inspiring and relevant content at future events. If you or someone you know is experienced capturing a crowd and delivering insightful information on sales, marketing, HR, finances, or other topics we invite you to share your knowledge and apply today. We are your partner in business.

APPLY TODAY

Association Management Software Powered by YourMembership  ::  Legal