On Thursday, May 26, 2011 at 10:00 am, the House Small Business Committee Subcommittee on Contracting and Workforce  will hold a hearing entitled, "Defer No More: The Need to Repeal the 3% Withholding Provision"

The hearing will examine the effect of Section 511 of the Tax Prevention and Reconciliation Act of 2005, which will require federal, state and local governments to withhold 3% from all payments for goods and services purchased from small businesses. The Subcommittee will consider witness testimony that Section 511 will: cost more to implement than it would generate in revenue; restrict the already tight cash flow of small companies; and destroy jobs. nbsp;

Opening Statement:

Chairman Mick Mulvaney (R-SC)) 

Witnesses and Testimony:

Panel 1

The Honorable Wally Herger, U.S. House of Representatives, Washington, DC

• Testimony

Panel 2

Brian George, Deputy Director, Office of Cost, Pricing & Finance, U.S. Department of Defense, Washington, DC

• Testimony 

Curtis M. Loftis Jr., Treasurer, State of South Carolina, Columbia, SC

• Testimony 

Panel 3

Mike Murphy, President, Turner Murphy Construction, Associated General Contractors, Rock Hill, SC

• Representing the Associated General Contractors
• Testimony 
• Witness Disclosure 

Ian Frost, Principal, EEE Consulting, Inc., American Council of Engineering Companies, Mechanicsville, VA

• Representing American Council of Engineering Companies
• Testimony 
• Testimony Supplement 
• Witness Disclosure 

James M. Gaffney, President, Goshen Mechanical Inc., Quality Construction Alliance, Malvern, PA

• Representing the Quality Construction Alliance
• Testimony 
• Witness Disclosure 

Kara M. Sacilotto, Partner, Wiley Rein LLP, Washington, DC

• Testimony 
• Witness Disclosure 

Additional Items:

• Official Hearing Notice 
• Official Witness List 
• Hearing Memo 
• Press Release 
• Hearing Video