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House votes to annul law aimed at contractors

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 Alan Fram | Updated on October 27, 2011

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.

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