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Media Advisories

Press Conference Thursday: Small Business and Ways & Means Committees To Call for Repeal of the 3% Withholding Tax Provision

Washington, May 23, 2011 | DJ Jordan, Wendy Knox (202.225.5821)

**THURSDAY**
Members of House Small Business and Ways & Means Committees To Call for Repeal of the 3% Withholding Tax Provision

WASHINGTON— On Thursday, May 26th, Members of the House Small Business Committee and House Ways and Means Committee will hold a bipartisan press conference to call for a full repeal of the 3 percent tax withholding provision included in Section 511 of the Tax Prevention and Reconciliation Act of 2005.

The provision requires that payments by federal, state or local government entities for goods & services be subject to 3 percent income tax withholding. The American Recovery and Reinvestment Act deferred the provision from taking effect until Dec. 31, 2011, and most recently, the Internal Revenue Service delayed the effectiveness of the provision until December 31, 2012. Three bills before Congress seek to repeal the withholding requirement: H.R. 674 (116 co-sponsors), introduced by Rep. Wally Herger (R-CA); S. 89 introduced by Senator David Vitter (R-LA); and S. 164, introduced by Senator Scott Brown (R- MA).

WHO:          Members of the House Small Business & Ways & Means Committees, and leaders on this issue.

WHAT:         Bipartisan press conference on repeal of the 3% withholding tax provision

WHEN:        Thursday, May 26, 2011
                   12:00 p.m. EST

WHERE:     Outdoor House Triangle (Rain Location: CVC Congressional Meeting Room North)

NOTE: Prior to the press conference, the House Small Business Subcommittee on Contracting and Workforce is holding a hearing entitled, Defer No More: The Need to Repeal the 3% Withholding Provision at 10:00 am in room 2360 of the Rayburn House Office Building. 

Confirmed Attendees
Rep. Mick Mulvaney (R-SC), Chairman, Small Business Subcommittee on Contracting and Workforce 
Rep. Earl Blumenauer (D-OR), Lead sponsor of HR 674, Member, Ways & Means Committee
Rep. Wally Herger (R-CA), Lead sponsor of HR 674, Member, Ways & Means Committee
Rep. Kurt Schrader (D-OR), Ranking Member, Small Business Subcommittee on Economic Growth, Tax & Capital Access
Rep. Joe Walsh (R-IL), Chairman, Small Business Subcommittee on Economic Growth, Tax and Capital Access
Rep. Gerry Connolly (D-VA)
Rep. Jeff Landry (R-LA)
Rep. Richard Hanna (R-NY)
Mr. Giovanni Coratolo, Chamber of Commerce VP of Small Business Policy
Mr. James P. Gaffney, Owner, Goshen Mechanical Inc., Malvern, PA
Mr. Curtis M. Loftis Jr., Treasurer, State of South Carolina, Columbia, SC


***Members of the media, please confirm your attendance with the Small Business Committee at 202.225.5821 or by emailing Wendy Knox at wendy.knox@mail.house.gov.