Category: Contractors

White House Plan Would Mean Billion Dollar Tax Hike for Contractors

an icon image austerity package with dollar bill and tape measure

President Obama recently unveiled a White House corporate tax reform proposal. In response to said proposal, the Associated Builders and Contractors, otherwise known as ABC issued the following statement:

“Far from a ‘grand bargain’, the president’s latest trial balloon simply repackages warmed over White House proposals from years past,” said ABC Vice President of Federal Affairs, Geoff Burr.

“Corporate only rate reduction does not amount to business tax reform, “said Burr. “The president’s plan not only widens the existing gap between Main Street and the Fortune 500, but would actually mean billions of dollars in increased taxes for construction contractors.” Read More “White House Plan Would Mean Billion Dollar Tax Hike for Contractors”

Obamacare Delay

Delays to the implementation of Obamacare continue. Apparently, more time is needed to implement the employer mandate. The mandate requires that any employer with more than fifty employees needs to provide health insurance or pay a federal tax. Although, the bill became law over three years ago, the Obama Administration says implementation will be delayed until 2015. Read More “Obamacare Delay”

Construction Industry Adds Jobs in November

Construction worker at a building site smiling

Nearly 17,000 new jobs have been added by the construction industry in November 2013 making the sector’s employment level reach the highest it’s been since August of 2009. The industry’s unemployment rate has fallen to 8.6 percent. However, that’s still employment is still nearly 1.9 million below peak levels in 2006. This data comes from an analysis done by the Associated General Contractors of America. The Association also notes that this is probably due to construction spending levels hitting a four year high in October. Read More “Construction Industry Adds Jobs in November”

New Laws for Hiring

Concept in workplace safety. 3d Man is wearing a yellow hard hat with crutches and cast.

Recently new Labor Department regulations went into effect requiring federal contractors to begin hiring a minimum number of protected veterans and disabled workers. Contractors who don’t at least show they are taking steps to meet benchmarks for hiring these types of workers could face penalties or have their contracts revoked.

The target for disabled workers is 7 percent, and for veterans, the goal would either be based on the national percentage of veterans in the workforce — currently 8 percent — or a company’s own benchmark based on the best available data. Read More “New Laws for Hiring”

Are Military Base Facilities Facing Closure Due to Obama Pay Hikes for Federal Contractors?

There are three separate Obama administration moves to increase pay of federal contractors that House Republicans are saying will threaten to close services that support military bases such as fast food restaurants, gyms and daycares. They are asking for an exemption from these. Read More “Are Military Base Facilities Facing Closure Due to Obama Pay Hikes for Federal Contractors?”