Congress Continues Holding Hearings on Tax Reform, Forward Progress still Unknown
On Tuesday, the Senate Finance Committee held a hearing on ways Congress could reform the business tax code to make it more globally competitive and to consider the findings of the Committee’s bipartisan business income tax working group. Members also discussed anticipated discussion drafts on corporate integration and cost recovery reform from leaders of the committee. AGC has been actively involved in vetting the discussion drafts with both the committee’s majority and minority staff. AGC will continue to monitor these legislative proposals that have the aim to provide clarity, simplicity and certainty for construction firms.