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House Votes to Repeal Contractor Withholding Tax

The House voted on Wednesday evening to repeal a widely criticized rule requiring government at all levels to withhold 3 percent of payments to government contractors.

October 27, 2011

The House voted on Wednesday evening to repeal a widely criticized rule requiring government at all levels to withhold 3 percent of payments to government contractors. The repeal will be paid for via restructuring of how modified adjusted gross income (MAGI) is calculated under 2010’s healthcare law.



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Source: The Hill 

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