Posted on Monday, April 15, 2019 9:17 AM By Rachel O'Grady
WASHINGTON, April 15—According to Associated Builders and Contractors, the U.S. construction industry is still benefiting from the Tax Cuts and Jobs Act, which has helped small business owners grow their companies and workforce since its passage in December 2017. On Tax Day, ABC called on Congress to make the individual and pass-through small business deductions permanent—currently scheduled to sunset in 2025—and repeal the alternative minimum tax and the estate tax.
Posted on Wednesday, January 31, 2018 9:05 AM By Rachel O'Grady
WASHINGTON, Jan. 31—Associated Builders and Contractors (ABC) President and CEO Michael D. Bellaman issued the following remarks on President Donald Trump’s State of the Union speech.
“Associated Builders and Contractors appreciates President Trump’s focus on creating a strong economy with limitless opportunities for all Americans. The president is right, America is a nation of builders, and ABC and its members are confident about the direction of the U.S. economy and the construction industry and stand ready to help rebuild America’s infrastructure.”
Posted on Wednesday, December 20, 2017 8:55 AM By Donna Reichle
WASHINGTON, Dec. 20—Associated Builders and Contractors (ABC) President and CEO Michael D. Bellaman released the following statement after Congress passed The Tax Cuts and Jobs Act:
“This is a historic day for the construction industry. For too long, ABC’s 21,000-plus members have paid the highest effective tax rate of any sector of the economy. We are a capital-intensive, domestically oriented industry comprised mostly of small, family owned and closely held merit shop construction companies employing hardworking Americans.
Posted on Friday, November 3, 2017 3:29 PM By Donna Reichle
ABC thanked House Republicans for working diligently with the White House to get a long-overdue tax reform bill off the ground and begin the legislative process. Our members will feel the direct positive impact of this bill with another dollar in their paychecks, allowing them to create jobs and drive growth.
Posted on Thursday, October 26, 2017 11:45 AM By Donna Reichle
“We applaud House members for adopting the FY 2018 budget resolution that positions Congress to move forward with comprehensive, pro-growth tax reform without the threat of a filibuster
Posted on Friday, October 20, 2017 10:22 AM By Donna Reichle
Michael D. Bellaman, president and CEO of Associated Builders and Contractors (ABC), today issued the following statement on the passage of a budget by the U.S. Senate:
“This important step by the Senate keeps the process on track to produce once-in-a-generation tax reform...
Posted on Wednesday, October 11, 2017 6:30 PM By Donna Reichle
WASHINGTON, Oct. 11—Michael D. Bellaman, president and CEO of Associated Builders and Contractors (ABC), issued the following statement in response to President Trump’s speech on tax reform in Harrisburg, Pa.:
“President Trump’s tax framework promises the lowest small business tax rate in the last 80 years, which would unlock the full economic potential of the 21,000 members of Associated Builders and Contractors. A growing economy means a thriving construction industry—when businesses are able to reinvest in wages, jobs, and expansion, ABC members are there to do the work.
Posted on Wednesday, September 27, 2017 12:06 PM By Donna Reichle
WASHINGTON, Sept. 27—Michael D. Bellaman, president and CEO of Associated Builders and Contractors (ABC), issued the following statement supporting the Unified Framework for Fixing Our Broken Tax Code released today by congressional and administration leaders:
“The tax framework released today marks a promising step forward for the first genuine reform of the tax code in a generation. Associated Builders and Contractors is encouraged by the proposal, and we strongly support the tax reform process moving forward.
Posted on Friday, January 20, 2017 5:05 PM By Jeff Leieritz
WASHINGTON, D.C., Jan. 20– Associated Builders and Contractors (ABC) Vice President of Legislative and Political Affairs Kristen Swearingen today released the following statement in support of President Trump’s Executive Order XXXXX, which withdrew a U.S. Department of Treasury proposed rule that would have resulted in sweeping changes to estate tax policies and imposed significant new tax costs on family-owned businesses.
Posted on Friday, April 15, 2016 9:00 AM By Jeff Leieritz
WASHINGTON, D.C., April 15– Construction shoulders a bigger tax burden than any other industry in the United States with an effective rate over 30 percent, according to a new report from the U.S. Department of the Treasury. Associated Builders and Contractors (ABC) responded to the report by urging lawmakers to pass tax reform that would encourage economic growth by lowering rates for both corporate and pass-through businesses.
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