Contractor Withholding Tax Repeal Sails Through House
October 27, 2011
In a rare moment of bipartisan unity, the House approved, 405-16, legislation (H.R. 674) to repeal the three percent government contractor withholding tax scheduled to take effect in 2013.
While bipartisan support has long existed for abolishing the burdensome requirement, the challenge was finding a way to offset the tax’s $11 billion in projected revenues. H.R. 674 is paid for by adjusting the income qualifications for determining eligibility for certain healthcare-related programs, such as Medicaid. The Obama administration supported both repeal of the three percent government contractor withholding tax and the offset.
Now that the repeal has cleared the House, it is critical that the Senate follow the House’s lead and eliminate this unnecessary tax. To encourage your senators to pass the measure please visit www.ARSAaction.org.
~~~ posted 10/27/11 ~~~
More from ARSA
July 26, 2021 | Categories:
ARSA News & Updates
On July 8, ARSA Managing Director & General Counsel Marshall S. Filler underwent successful heart surgery. He is recovering at home and is on track to continue his passion as…Read More
On July 20, the FAA announced plans to host its 8th Annual Global Leadership Meeting in Washington, D.C. on Sept. 22-23. The event will have both in-person and online attendance…Read More
July 21, 2021 | Categories:
ARSA News & Updates
The House Aviation Subcommittee held a hearing July 20 to discuss enhancing diversity in the aviation workforce.
The witnesses were (click a name to download their written testimony):
Rebecca Lutte,…Read More
On July 2, ARSA requested clarification of the FAA’s authority to issue an Airworthiness Directive, questioning the April 22 posting of an AD against certain Uninsured United Parachute Technologies, LLC…Read More
To see all of ARSA’s work on the MAG, visit arsa.org/mag.
For years, ARSA lead an industry wide effort to “smooth” implementation of parts documentation issues in the U.S.-EU Maintenance Annex…Read More