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Tax Relief Must Be Extended, With Changes
The tax relief passed by Congress and signed by President Bush in 2001 and 2003 have spurred remarkable economic growth, so we must extend – not end – this success story.
Having said that, there are some provisions that were inserted in conference negotiations that are counterproductive, and I’m not too happy about them. Thankfully, the new mandatory withholding requirements for federal, state, and local contractors, which I oppose, will not go into effect until 2011, and I’ll be working to make sure they never do.
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