House Repeal of 3 Percent Tax Withholding Mandate Welcome News for Hard-Hit Construction Industry
November 17, 2011

AGC’s chief executive officer , Stephen E. Sanderr, issued the following statement in response to last night’s House vote (by a margin of 422 to 0) to repeal the 3 percent tax withholding mandate:

“The repeal of the 3 percent tax withholding mandate will provide a much-needed boost for construction employers across the country.  The fact contractors won’t be forced into providing billions in interest-free loans to the federal government beginning in 2013 is welcome news for a hard hit industry and its struggling workers.”

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