Senate Republicans Press Contractor Rule Repeal, Thune Says

Tuesday, 18 Oct 2011 05:45 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Senate Republicans, countering President Barack Obama’s jobs package, are urging repeal of a requirement the government withhold 3 percent of payments to contractors starting in 2013, said Sen. John Thune of South Dakota.

The measure would be the Republican alternative to legislation being pursued by Senate Majority Leader Harry Reid, a Nevada Democrat, which would provide state and local governments with $35 billion to hire and retain teachers and first responders. Reid may hold a Senate vote on it as soon as this week.

“Any time that the Democrats put amendments on the floor that have to do with what they perceive to be the correct way to get people back to work, we’ll be offering our types of alternatives, and I think the 3 percent withholding repeal would be a very good amendment for us to vote on,” Thune said of the Republican proposal, sponsored by Sen. Scott Brown of Massachusetts.

The U.S. Chamber of Commerce has criticized the withholding requirement as burdensome to businesses and its repeal is one of the few areas of agreement between Obama and congressional Republicans. The debate will center on how to recover the repeal’s $11.2 billion cost to the Treasury over 10 years, as estimated by the congressional Joint Committee on Taxation.

Senate Republicans would use uncommitted federal funds -- except for those at the departments of Defense and Veterans Affairs -- to pay for the repeal.

The House is slated to take up similar repeal legislation. The Ways and Means Committee approved a measure on Oct. 13 that didn’t include a specific offset to pay for the repeal.

A separate bill approved by the panel the same day could emerge as the House’s preferred offset. That measure, which would make it tougher to qualify for government health benefits, would raise $13 billion over a decade.

Ways and Means Chairman Dave Camp, a Michigan Republican, hasn’t said whether he would seek to combine the two measures into a deficit-neutral legislative package.

The Senate bill is S. 1726. The House repeal bill is HR 674 and the health bill is HR 2576.

© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Palin Backs Independent for Alaska Governor

Thursday, 23 Oct 2014 16:41 PM

Sarah Palin has snubbed her former lieutenant governor in his bid for re-election, supporting an independent candidate a . . .

Dick Morris: A Third Mitt Romney Run Would Be Bad for GOP

Thursday, 23 Oct 2014 16:34 PM

The 2016 Republican presidential nomination is Jeb Bush's if he wants it, and should not under any circumstances go to t . . .

Feinstein Replacement: Ham Sandwich or Michelle Obama?

Thursday, 23 Oct 2014 16:16 PM

Shades of Bill and Hillary! When 2016 comes to a close, we may not have seen the end of the Obama dynasty. . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved