Construction Official Says New Highway Funding, Employee Retention Credits and Pension Relief Will Help, But Lack of Safe Harbor Measure, Extension of Unemployment Bonus Will Undermine Recovery
The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, issued the following statement in reaction to release today of House Democrats’ Proposed Coronavirus Recovery Measure:
“It is encouraging to see House Democrats moving quickly on legislation intended to help the economy recover from the coronavirus. Their proposal includes measures that will help construction firms that have been hard-hit by declining demand and uncertainty about future market conditions. But the proposal’s authors missed an opportunity to address some of the most significant challenges facing the industry.