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”