Political Quotes

On the recordOctober 26, 2011
Mr. Speaker, I rise in support of the rule and the underlying bill, H.R. 674, which repeals the 3 percent withholding requirements on State and local governments for goods and services. The 3 percent withholding requirement is just another layer of burden and unfunded mandates on our States, cities, counties, and private entities. Withholding 3 percent of a contract at the start just in case sets a horrible precedent. When we find a bad actor in the contracting community, we should have aggressive prosecution, suspension, and debarment. But, we should not have a national policy that assumes every contractor in America is a tax cheat. It's a dreadful policy, and it's horrible economics. Let me break this down to what it will mean for communities in my State of Oklahoma. In Oklahoma City, it will cost between $75,000 and $250,000 to implement the initial financial system and all of the modifications to comply with these rules. After that, it's expected to cost at least $15,000 a year to maintain those modifications in the financial system. To ensure that Oklahoma City fully complies with these mandates to maintain the financial system, Oklahoma City estimates that they're going to have to hire two additional full-time employees. Now I understand that we're all about job creation here, but our job creation should focus on goods and services and taking care of people, not filling out even more Federal forms.…
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James Lankford
Republican · Oklahoma

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