Political Quotes

“House Resolution 448 provides for a closed rule for the consideration of H.R. 674, a bill to amend the Internal Revenue Code of 1986 to repeal the imposition of 3 percent withholding on certain payments made to vendors by government entities, and H.R. 2576, to amend the Internal Revenue Code of 1986 to modify the calculation of modified adjusted gross income for purposes of determining the eligibility for certain health care-related programs. Mr. Speaker, I rise today in support of this rule and the underlying bills. What we have here is something very simple: a bill to save jobs in America and a way to pay for it through a simple technical fix in the Patient Protection and Affordable Care Act, which is supported by the President and many Democrats in this Chamber. H.R. 674, or what I call the Saving American Jobs Act, would repeal the 3 percent withholding requirement on government payments to businesses, both large and small. This is truly a bipartisan bill with more than 60 Democrats among the 269 cosponsors. Even the President supports changing the withholding tax. The tax is a job killer, plain and simple. Beginning January 1, 2013, government agencies at all levels-- Federal, State and local--will have to withhold 3 percent of their payments to businesses for goods and services. For many small businesses, this has the potential to completely wipe out their profit margins.…”