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Tag: tax rate


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Construction firms could face increased taxes, despite no rate hikes for infrastructure plan

August 4, 2021

Via: Construction Dive

How much corporations pay in taxes has received widespread scrutiny this year, as President Joe Biden and congressional lawmakers have considered raising taxes to support new infrastructure funding and other programs. Construction companies, which stand to directly benefit from that […]


Construction Processes, Financial

Despite dodging tax hikes in infrastructure bill, contractors could still see higher rates

August 4, 2021

Via: Construction Dive

Much of the debate around raising taxes to pay for President Joe Biden’s proposed infrastructure, social and environmental programs has focused on how much corporations and wealthy individuals actually pay. For instance, a Construction Dive analysis revealed that publicly traded […]


Construction Processes, Legal

Biden likely to raise corporate tax rate

January 22, 2021

Via: Construction Dive

The Biden administration will likely revisit the Tax Cuts & Jobs Act, the outgoing administration’s signature legislative achievement enacted in 2017, to free up money for infrastructure and other priorities, analysts say. Expect the top corporate tax rate to rise […]


Construction Processes, Legal

What contractors need to know about the tax act

July 9, 2018

Via: Construction Dive

The general sentiment in the industry seems to be that the new corporate tax rate and the 20% deduction for owners of pass-through companies will let businesses reinvest more into expanding their operations. But some contractors will be paying more […]