Washington, D.C. October 27, 2011 - Associated Builders and Contractors (ABC) today applauded final passage of the 3 percent withholding tax repeal measure by the U.S. House of Representatives. The legislation amends the Internal Revenue Code to undo the 3 percent withholding tax requirement for government contractors:

"We applaud the House for its leadership on this important issue, and are heartened to see a wide bipartisan majority come together to repeal this job-killing tax on America's business community, especially construction contractors," said ABC Vice President of Federal Affairs Geoff Burr.

"We are hopeful that the Senate will move quickly to pass this bill and send it to the president who has already voiced his support," Burr said.

To view this statement on ABC's website, click here.