U.S. House Passes 3 Percent Withholding Repeal; President to Sign

On Nov. 16, the U.S. House of Representatives approved H.R. 674, the 3 Percent Withholding Repeal and Job Creation Act.  This week’s legislative victory was the culmination of over five years work by AGC, AGC Chapters, AGC members, and coalition partners to repeal the 3 percent withholding requirement. The bill passed by a vote of 422 to 0, and follows a 95 to 0 vote in the U.S. Senate last week to repeal the 3 percent income tax withholding requirement permanently.  President Obama has already stated his support for repeal and is expected to sign the bill into law shortly. During the repeal campaign, AGC Chapters and thousands of AGC members heeded the call and sent letters, made phone calls, and met with their representatives and senators in their Capitol Hill offices and at home to educate Congress on why this law needed to be repealed. Click here for an overview of what AGC has been doing recently on repeal. For more information, contact Karen Lapsevic at 202-547-4733 or lapsevick@agc.org.