H.R. 674 is a bill that, beginning in 2013, would repeal Sec. 3402(t), which Congress enacted as part of the Tax Increase Prevention and Reconciliation Act of 2005, P.L. 109-222.
Sec. 3402(t) requires a 3% withholding from payments by the federal or state governments or their instrumentalities or subdivisions (including multistate agencies) to any business for services or property that is delinquent on their taxes.
Essentially, if H.R. 674 is passed into law, the private contractors who took money from the Emergency Economic Stabilization Act of 2008 will continue to receive 100% of their funds EVEN IF THEY ARE DELINQUENT ON THEIR DEBTS and misused $
Private businesses must not be granted more rights than human citizens.
Stop misusing taxpayer dollars on delinquent businesses.