Help is on the Way

Did you know?

WAWF 5.0 has been released. Catch up on your Release 5.0 training!

Two bills have been introduced in the Senate that seek to repeal the 3% withholding tax. Both bills would repeal the withholding tax completely. Senator Scott Brown (R-MA), a new member of the Small Business Committee and Senator Olympia Snowe (R-ME) introduced the Withholding Tax Relief Act (S. 164) on January 25. The bill sits in the Finance Committee waiting approval.

Senator David Vitter (R-OH), with the endorsement of other Republicans, also introduced his own version of the Withholding Tax Relief Act (S. 89) on January 25. This bill sits in the Finance Committee.

In 2009, Senator Vitter and others introduced the same legislation, but the Senate Finance Committee never took up the bill.

The Withholding Tax Coalition, of which NACM-GBG is a member, asked for a two-year delay of the 3% withholding tax, but it was not approved by the lame-duck Congress.

Government vendors should encourage these Senators by writing, especially if their Senator sits on the Finance Committee. Ask them to approve these bills so they go to the Senate floor as soon as possible. The 2012 implementation date is not far away.

2011 WAWF Vendor Training Schedule

March 8‚Äď10: Sapphire Room Bldg. 11, Columbus
April 12: Cleveland Public Library, 2nd Floor, Cleveland
May 10: Sapphire Room, Bldg. 11, Columbus
June 21: Sapphire Room, Bldg. 11, Columbus
July 12: Cleveland Public Library, 2nd Floor, Cleveland
August 2: Sapphire Room, Bldg. 11, Columbus
September 1: Cleveland Public Library, 2nd Floor, Cleveland
October 18: Cleveland Public Library, 2nd Floor, Cleveland
November 8: Sapphire Room, Bldg. 11, Columbus

Department of Defense Budget Cuts

The Department of Defense (DoD) is asking its vendors to help with budget cut decisions. The February 17 edition of the Federal Registry, asks for public comment on "Efficiency Initiative Effort to Reduce Non-Value-Added Costs Imposed on Industry by Department of Defense Acquisition Practices." Vendors have until March 31, 2011 to submit comments and suggestions as part of this Better Buying Power Initiative.

Submit comments to:
Deputy Assistant Secretary of Defense for Industrial Policy
3330 Defense Pentagon
Washington, DC 20301

Or email to: efficiency.op@osd.mil

2012 Budget

The OMB has released President Obama's 2012 budget forecast. The DoD portion of the budget provides a base of $553 billion. The budget also calls for $78 billion in savings through 2016. Cost-cutting measures include the consolidation of several Air Force operation centers, reduced Army construction costs and the Navy's use of multi-year procurement strategies.

National Association
of Credit Management

8840 Columbia 100 Pkwy.
Columbia, MD 21045
Phone: 410-740-5560
Fax: 410-740-5574

Let's Get Social!

NACM's Preferred
Software Providers

Discover More About NACM

Credit Congress
NACM's Annual Conference

Our History
Over 100 Years of History