ABC Hails Lower Small Business Rates in Tax Reform Framework

WASHINGTON, Oct. 12 – (RealEstateRama) — Michael D. Bellaman, president and CEO of Associated Builders and Contractors (ABC), issued the following statement in response to President Trump’s speech on tax reform in Harrisburg, Pa.:

ABC National

“President Trump’s tax framework promises the lowest small business tax rate in the last 80 years, which would unlock the full economic potential of the 21,000 members of Associated Builders and Contractors.  A growing economy means a thriving construction industry—when businesses are able to reinvest in wages, jobs, and expansion, ABC members are there to do the work.

“According to analysis by the U.S. Department of Treasury, the construction industry pays the highest effective tax rate of any sector of the nation’s economy—27 percent, compared to an average of 22 percent for other industries. Reducing the tax burden on pass-through businesses through tax reform is essential to addressing this disparity.

ABC members are overwhelmingly small, family-owned and closely held merit shop construction firms that want meaningful tax reforms that ensure fair, equitable treatment of all businesses regardless of size, structure or sector. The framework and its targets go a long way toward advancing ABC’s tax policy goals.”

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ABC National

Associated Builders and Contractors (ABC) is a national construction industry trade association representing more than 21,000 members. Founded on the merit shop philosophy, ABC and its 70 chapters help members develop people, win work and deliver that work safely, ethically and profitably for the betterment of the communities in which ABC and its members work. ABC's membership represents all specialties within the U.S. construction industry and is comprised primarily of firms that perform work in the industrial and commercial sectors.

Contact:

Phone: (202) 595-1505

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