Dave Camp: “I come to the floor today in strong support of H.R. 674 to repeal the onerous, job-killing 3 percent withholding law.…”

“I come to the floor today in strong support of H.R. 674 to repeal the onerous, job-killing 3 percent withholding law. While this legislation has 269 cosponsors, I'd like to acknowledge the leaders on the bill, Ways and Means Health Committee Chairman Wally Herger and our Democrat Ways and Means colleague Congressman Earl Blumenauer. In addition to these advocates, we also have 25 other members of the Ways and Means Committee supporting this legislation--a clear signal of the strong bipartisan support for repeal of this 3 percent withholding rule. Job creators know all too well that this provision, like many efforts to increase Federal revenue and tax compliance, is lined with paperwork, complexity and costs--all of the things that hinder, rather than help, promote a climate for job creation. By considering and passing this bipartisan bill, we will unlock new opportunities for hiring. Job creators have told us just that, and it's why this legislation has the support of a diverse coalition of more than 170 groups, including the Government Withholding Relief Coalition. Like those job creators, others recognize the need for repeal, including President Obama. In the statement of administration policy in support of H.R.…”