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Payroll law limits defense contractors Print
June 18, 2008

WASHINGTON, D.C.
President Bush yesterday signed a bill preventing defense contractors from avoiding the payment of Social Security and Medicare taxes by hiring American workers through offshore subsidiaries. The tax provision was introduced by Democratic Senators John Kerry of Massachusetts and Barack Obama of Illinois and Representatives Rahm Emanuel of Illinois and Brad Ellsworth of Indiana
Congress's Joint Committee on Taxation has estimated that the provision will bring in $846 million to Social Security and Medicare over the next decade. The provision was introduced after The Boston Globe reported that KBR, a former Halliburton subsidiary, had avoided paying hundreds of millions of dollars in payroll taxes by hiring its American workers in Iraq through companies registered in the Cayman Islands.
 
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