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S. 2519, The Contracting and Tax Accountability Act of 2007 (1 comment ↓)
S. 2519 would prohibit the awarding of a contract or grant in excess of the simplified acquisition threshold unless the prospective contractor or grantee certifies in writing to the agency awarding the contract or grant that the contractor or grantee has no seriously delinquent tax debts.
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Chris
Private contracting companies in Iraq, some with no-bid contracts, are pulling a double rip-off: raking in money on their contracts with nearly no oversight, while at the same time dodging paying their fair share of taxes. War profiteering is bad enough. The least they should be required to do is pay their taxes like the rest of us do instead of setting up off-shore entities to avoid payroll taxes. This bill won't cost ordinary citizens anything -- it will save us money by making these companies like Halliburton spin-off Kellogg, Brown, and Root, and thousands of other tax-dodging contractors pay their fair share.