“This bill prevents the IRS from hiring private companies to collect federal income taxes and ends the use of this practice which has subjected Americans to intimidation and abuse. These private debt collectors have proven that they are poorly equipped to handle the job and this change will also protect taxpayer privacy by ending these contracts with outside companies. This package also postpones an unfair withholding requirement on government payments to vendors that will cause significant administrative and financial burdens on local governments. Clark County alone spends more than $100 million per year on vendor products and services. If this new requirement were allowed to take effect, Clark County would be required to withhold three percent of payments to businesses, which could result in cash flow problems and higher prices for consumers. Our bill postpones this requirement in order to give the Treasury Department time to study the impact of this provision on local governments and taxpayers,” said Berkley.
The above article is the opinion of the author and not necessarily the opinion of Vegas Community Online, its editors/publishers, and/or other Vegas Community Online columnists. VCO respects the right of each author to express their opinion. If you have an opposing viewpoint or would like to send feedback on any article, please send email to feedback@vegascommunityonline.com; state the title of the article and your comments. VCO reserves the right to add any submissions to its feedback page.
