Larsen Votes to Repeal Burdensome 3% Withholding Tax Mandate
Today, U.S. Rep. Rick Larsen (WA-02) voted to repeal the 3% withholding tax on transactions between the government and private sector businesses (H.R. 674).Set to take effect on January 1, 2013, all bills paid by the federal or state government for goods and services would be subject to a 3 percent income tax withholding. Larsen, a cosponsor of H.R. 674, voted to repeal the 3% withholding…