Posted: Nov 16, 2011
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Yesterday the U.S. House of Representatives passed legislation, H.R. 674, to repeal the "Tax Increase Prevention and Reconciliation Act of 2005" legislation which imposed burdensome new requirements on government vendors and agencies. Section 511 of this bill created a sweeping requirement mandating federal, state and local government agencies withhold 3 percent of all payments for goods and services, starting in 2011. It was delayed by one year to 2012 by the American Recovery and...
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