Home / Civilian / Cantor: House to Consider Repeal of Contractor Withholding Tax

Cantor: House to Consider Repeal of Contractor Withholding Tax

Rep. Eric Cantor (R-Va.)

House Majority Leader Eric Cantor (R-Va.) said the House will vote this month on a repeal of a 3 percent withholding tax on government contracts, Bloomberg reported Monday.

The law, scheduled to take effect in 2013, requires the federal government, state governments and many large local governments to withhold 3 percent of contracts.

Cantor told reporters they “will see as the bill comes forward” how the repeal would make up the lost revenue.

Cantor said the House will also consider legislation to ratify trade agreements with Colombia, Panama and South Korea.

Check Also

GSA’s New Pilot Program Aims to Bolster eBuy Marketplace Transparency; Emily Murphy Quoted

The General Services Administration has initiated a new pilot program intended to get more firms to sell products and services on the agency's eBuy federal marketplace. The one-year program would publicly disclose associated, post-award request-for-quote information on FedBizOpps in a move to increase eBuy's transparency, the GSA said Wednesday.

Leave a Reply

Your email address will not be published. Required fields are marked *