Construction Likes President's Spending Plan, Not Tax Hike

Construction groups and congressional Democrats are praising President Joe Biden’s $2-trillion jobs proposal for its massive infrastructure spending. But contractor groups and Republicans are criticizing its recommended “pay-for”—an increase in the corporate tax rate. That opposition may make the proposal’s path through Congress narrow and rocky. Some construction organizations are recommending a user fee instead of a tax boost to raise funds for the infrastructure proposal—presumably to include increasing federal gasoline and diesel fuel taxes. But the Biden administration has put a fuels-tax hike off-limits.

Read more in the link below.

Back to Demolition Insights Home