WASHINGTON (AP) — The House voted in near lockstep Thursday to repeal a law aimed at compelling government contractors to pay all their taxes, sparking squabbling over which party was doing the most to create jobs but leaving economists underwhelmed that much of anything had been achieved.
By 405-16, lawmakers voted to annul a 5-year-old law requiring federal, state and many local governments to withhold 3 percent of their payments to contractors until their taxes are paid. That measure was enacted by a Republican Congress and President George W. Bush in response to investigations showing that thousands of government contractors owed billions in back taxes. It is to go into effect in 2013.
Today's politicians are more concerned about the stubbornly high unemployment rate of 9.1 percent, the fury over economic inequity voiced by Occupy Wall Street protestors and the approach of next year's presidential and congressional elections.
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