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From the category archives: Tax Policy

Tax Reform

The passage into law of the Tax Cuts and Jobs Act in 2017 provided economic growth and allowed a clear majority of construction companies to benefit from the new 20% deduction for qualified business income for pass-throughs. Along with the largest corporate rate cut in U.S. history to 21%, the doubling of the estate tax exemption to $11 million, reductions to individual tax rates and changes to various accounting methods, the new tax code has eased burdens on the construction industry, small and family-owned businesses and hardworking Americans.

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