House Expected To Repeal Taxes Held From Federal Contractors

The House is expected to vote this week to repeal a law withholding taxes from federal contractors. The current law requires government to hold on to 3 percent of payments to contractors — to encourage them to pay their taxes. Now, an overwhelming majority of lawmakers say it's time for that law to go. The hope is that a repeal will put more money into the hands of job makers. President Obama also supports the measure. But that didn't stop him from threatening to veto the repeal last week. At issue were $30 billion of unspecified cuts attached to the bill. (Federal News Radio)