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From the category archives: Politics & Policy

Politics & Policy - This is the category that gets pulled into the Politics & Policy landing page.

Two New Taxes in Health Care Law Become Effective Jan. 1, 2013

The Internal Revenue Service (IRS) and the Treasury Department issued proposals that will implement two taxes in the health care law on Jan. 1, 2013: the onerous 3.8 percent Net Investment Income Tax and the 0.9 percent Additional Medicare Tax. These taxes will heavily impact many merit shop contractors.
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Video: ABC Member Talks About Effect of Year-End Tax Hikes on Small Businesses

Jerry Gorski, president of Gorski Engineering, Inc., Collegeville, Pa., was featured in a video by U.S. House of Representatives Majority Whip Kevin McCarthy (R-Calif.) titled, “This is Small Business.”
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Don’t Raise Taxes on Businesses, Groups Tell Congress

ABC joined 39 other organizations Nov. 27 in sending a letter to leaders in the Senate and the House urging them to avert the looming fiscal cliff of expiring tax provisions and automatic spending cuts that will effectively raise taxes on the majority of small businesses next year.
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ABC and Coalition Call on Congress to Stop Scheduled Estate Tax Hike

As part of the Family Business Estate Tax coalition (FBETC), ABC Nov. 15 sent a letter to members of Congress urging them to pass legislation addressing the estate tax before the end of the year. Barring congressional intervention, the resurgent estate tax rate and diminished exemption would saddle thousands of family-owned businesses with a crippling tax increase.
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Video: ABC Chief Economist Explains Impact of the Fiscal Cliff

Watch ABC Chief Economist Anirban Basu’s analysis of the how the impending fiscal cliff will impact the construction industry. 
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Obama Shuts Out Small Businesses From Fiscal Cliff Talks

President Barack Obama will be holding a summit Nov. 16 at the White House with congressional and corporate leaders to discuss the impending year-end tax increases and spending cuts, known as the fiscal cliff. In a Nov. 14 statement, ABC expressed concern over the troubling exclusion of small businesses from the summit.
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USACE Issues PLA Survey for Project in Washington

The U.S. Army Corps of Engineers has issued a survey requesting comments from the construction industry on the potential use of a PLA for the Design/Bid/Build construction of a 1,200-member Army Reserve Center at Fort Lewis, Wash.
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Obama Wins Re-Election; Boehner Remains House Speaker

On Nov. 6, Barack Obama was re-elected as president of the United States, defeating Republican nominee Gov. Mitt Romney with more than 300 electoral votes and a popular vote of 50 percent to 48 percent. Read the rest of entry »

Michigan Voters Overwhelmingly Reject Anti-Merit Shop Proposal

By an 63-37 margin, voters in Michigan Nov. 6 overwhelmingly rejected a proposal on the statewide ballot that would have negatively impacted the merit shop construction workforce by nullifying the ban on government-mandated project labor agreements (PLAs) and preventing Michigan from becoming a right-to-work state, among other changes. Read the rest of entry »

MeritChoice Offers Free Flexible Spending Account Plan Amendment

For plan years beginning on or after Jan. 1, 2013, the Patient Protection and Affordable Care Act imposes a $2,500 limit on annual salary reduction contributions to health Flexible Spending Accounts (FSAs) offered under cafeteria plans. This is a reduction from the current limit of $5,000. 
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