Hoosier lawmaker Rep. Brad Ellsworth (D) asks a good question: Should contractors working abroad have to pay the U.S. government billions in unpaid taxes?
His answer: Yes!
And he's moving ahead in making it a law.
On Monday -- yes, one day before Tax Day -- the House approved his Contracting and Tax Accountability Act, H.R. 4881. The Senate sponsor is Sen. Barack Obama (D-Ill.).
"Every year, on April 15th, Hoosiers play by the rules and pay their taxes; I don't think it's too much to ask companies that receive millions, sometimes billions, in taxpayer dollars to do the same. Not only do these bad actors cheat our government of tax revenue, they also gain an unfair advantage over businesses that are doing the right thing," Ellsworth said in the release. "This bill is a practical and cost-effective way to ensure all companies compete on an equal playing field and to restore some accountability in the government contracting system."
"Hard-working Americans don't get a free pass if they fail to pay their taxes, and neither should corporate interests," Obama said. "Our government should ensure that federal contractors also play by the rules and satisfy the basic responsibility of paying taxes. I commend Representative Ellsworth for his leadership in passing this important bill in the House, and I look forward to working to pass it in the Senate."
I have a feeling that some contractors are going to be bitter about the whole thing.
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