WASHINGTON (March 31, 2021) — President Biden detailed his next legislative push Wednesday — an economic stimulus with a focus on infrastructure and creating jobs. The plan would spend $2.5 trillion over an 8-year period, paid for by a corporate tax increase to 28%, up from the current rate of 21%. According to the White House, the plan would be funded by the tax hike in 15 years.
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WASHINGTON (March 26, 2021) — President Biden’s advisors are said to be working on a $3 trillion economic package that will have a major infrastructure component. More details are expected on March 31, when the president will travel to Pittsburgh to announce more details on the upcoming push. Gina McCarthy recently discussed the infrastructure plans, which will include efforts to combat climate change and work toward a greener economy.
BIRMINGHAM, Ala. (March 24, 2021) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with AvidXchange.
The live, online event, “The Future of Payments: What's Next for AP?” will take place April 29, 2021, at 1 p.m. CDT, and will explore the era of automation and what it means for construction businesses.
Registration is free at constructionbusinessowner.com/webinars.
WASHINGTON, (March 23, 2021) — According to an Associated Builders and Contractors (ABC) study of U.S. Bureau of Labor Statistics data released this week, the construction industry will need to hire 430,000 workers in 2021. The analysis also revealed that every $1 billion in extra construction spending generates an average of at least 5,700 construction jobs.
WASHINGTON (March 23, 2021) — Former Boston Mayor Martin Walsh has been confirmed as secretary of labor in a Senate vote this week. Walsh is notable in that he is the first union leader to serve in the position in more than 40 years. Associated Builders and Contractors (ABC) released a statement supporting the appointment and encouraging Walsh to focus on the construction industry.