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IRS Targets Family-owned Businesses With "Stealth Death Tax Increase"

On Aug. 5 the U.S. Department of the Treasury issued proposed regulations targeting the valuation practices of family-owned businesses. The proposed rules would lead to dramatically higher estate and gift taxes by eliminating the use of discounts currently permitted to reflect lack of control and marketability, respectively. The Wall Street Journal has referred to it as a "stealth death tax increase" that "rewrites long-standing interpretations of law." Read the rest of entry »

ABC Files Suit Against DOL’s Overtime Rule

ABC and a coalition of business groups filed suit against the U.S. Department of Labor (DOL) Wage and Hour Division’s costly and burdensome final overtime rule on Sept. 20. The legal challenge was filed in the U.S. District Court for the Northern District of Texas. Read the rest of entry »

Minimum Wage Increasing for Workers on Covered Federal Contracts in January

Beginning Jan. 1, 2017, the minimum wage for workers on covered federal contracts and service contracts will increase to $10.20 per hour from $10.15 per hour in 2016. The increase is dictated by the Oct. 7, 2014, U.S. Department of Labor’s Wage and Hour Division final rule that implemented Executive Order 13658. Read the rest of entry »

Craft Professional and Craft Instructor of the Year Awards Now Accepting Nominations

ABC is now accepting nominations for the 2017 Craft Professional of the Year and Craft Instructor of the Year awards. ABC members, employees and chapter staff may submit a nomination by the Jan. 6, 2017 deadline. If you know of someone who works hard, makes a difference in the industry and embodies the merit shop philosophy, enter them into the competition and they could walk away with the top title and a hefty grand prize. Read the rest of entry »

Nominate the 2016 ABC Student Chapter of the Year

ABC is now accepting nominations for its Student Chapter of the Year. The award recognizes an outstanding student chapter for its accomplishments in programming, community service, communications/public relations and interaction with its ABC chapter. The Student Chapter of the Year will receive a $2,000 cash prize, complimentary registration and hotel accommodations for two students to attend ABC’s Legislative Week in Washington, D.C., and press coverage in ABC National media outlets. Read the rest of entry »

ABC Survey Finds Blacklisting Rule Will Force Many Contractors to Abandon Federal Marketplace

In the wake of the Aug. 24 issuance of the “blacklisting” final rule by the Obama administration, ABC recently surveyed membership to determine the impact of the rule on the contracting community interested in pursuing federal contracts. ABC’s survey of its members reveals that more than 51 percent of respondents said the final rule’s onerous requirements, including reporting alleged violations that firms are still contesting, will force them to abandon the pursuit of federal contracts.  Read the rest of entry »

ABC of New Jersey Wins Appeal that Could Curb Local PLA Mandate

Associated Builders and Contractors (ABC) of New Jersey applauded a federal court decision issued Sept. 12 that could end up prohibiting Jersey City, N.J., from mandating the use of union-only project labor agreements (PLAs) on certain tax-abated construction projects. ABC has long maintained that PLAs reduce competition and drive up the cost of development.
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House Passes ABC-backed Workforce Development Legislation

The U.S. House of Representatives September 13 unanimously passed a key piece of workforce development legislation. The Strengthening Career and Technical Education for the 21st Century Act (H.R. 5587), sponsored by Rep. Glenn Thompson (R-Pa.)  reauthorizes and reforms the Carl D Perkins Career and Technical Education Act to better align America’s workforce development programs with industry demand. ABC is supportive of Rep. Thompson’s legislation and has worked with Congressional leaders to shape policy that will equip our nation’s students with the tools and experience needed to succeed in the21st-century workforce.
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Congratulations to the 2016 Build Your Future Scholarship Recipients

Ten students pursuing craft professional training in the construction industry were awarded the second annual Build Your Future scholarships through ABC’s Trimmer Construction Education Foundation. The scholarships are given to the top 10 students attending an NCCER-accredited program or a state/federally approved apprenticeship program in a merit-shop training facility.  Read the rest of entry »

Zika Virus: Proactive Measures Can Help Curb an Emerging Disease

ABC's strategic partner CNA has released a new bulletin on proactive measures that can help to curb the spread of the Zika virus. Although the only confirmed cases of local transmission (not travel-related) have been in South Florida, many areas in the United States have the types of mosquitoes that can become infected with and spread Zika.
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