The underlying bill that we're talking about here today which repeals the 3 percent across-the-board rule is cosponsored by two-thirds of this House. This bill has been endorsed by the President of the United States as is. And when the current minority was in the majority, in the stimulus bill they offered this exact legislation, full repeal, without any complications. And then when the final version came over, it was full repeal for 1 year without any changes or complications. I obviously am in strong opposition to this motion to recommit. Then we get the analysis from the Joint Committee on Taxation which says, in typical understatement from the joint committee: Your proposal poses some administrative difficulties. Some? The burden is going to be on State and local governments to figure out which contractors are or are not delinquent. And either there's a violation of taxpayer privacy, which I don't think anybody in this House would support, a violation of rule 6103, or very complex procedures are going to have to be put in place for government to figure out which contractors are in compliance and which aren't. As the Joint Committee on Taxation goes on to say: The IRS would need to build the infrastructure to handle the volume of requests from State and local government entities. Implementation difficulties limit somewhat the revenue gain from withholding on State and local governments. {time} 1110 This is more complication in the Tax Code.…
Dave Camp: “The underlying bill that we're talking about here today which repeals the 3 percent across-the-board rule is cosponsored…”
Share
More from Dave Camp
As we all know, there is a series of tax provisions that routinely expire that Congress must then renew, typically extending them for 1 year retroactively and 1 year prospectively. Congress routinely extends these policies without…
This motion to recommit has absolutely nothing to do with helping give middle class families the resources need to send their kids to college. This has nothing to do with making tax policy more certain, easier to understand, or simplifying…
I yield myself the balance of my time. Mr. Speaker, I would just say briefly, actions speak louder than words. While technically, yes, we are going to make sure that for the last couple of weeks, as my colleague from Pennsylvania so…
I want to thank my friend, colleague, and partner on the Ways and Means Committee from Michigan for those very gracious and kind remarks. I think the Ways and Means Committee is the best committee in Congress. We have a lot of bills that…





