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The article reports on the three percent withholding repeal passed by Congress in the U.S. On November 16, 2011, the House of Representatives voted 422 to 0 to amend the House of Representative (H.R.) 674, which mandates three percent withholding tax payments to companies with contracts with the government and ready for signature by President Barack Obama. Moreover, it is expected to increase government revenue by seven billion dollars until 2016.

The article reports that a coalition of more than 100 businesses, including the American Society of Civil Engineers (ASCE), has urged U.S. President Barack Obama to support a repeal of the 3 percent withholding tax on payments to companies for any contract with a government entity on any level.