By Bernie Becker - 06/09/11 07:27 PM EDT
But a 2009 congressional estimate said that doing away with the 3 percent withholding requirement would keep the government from collecting almost $11 billion.
The provision, enacted in 2006, has yet to go into effect and has seen its implementation delayed twice in recent years — once by the stimulus package and, more recently, by the IRS. The requirement is now set to go live at the beginning of 2013.
A pair of repeal bills in the Senate has so far garnered mostly GOP support.