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Washington Observer.
- Source :
-
ENR: Engineering News-Record . 11/3/2003, Vol. 251 Issue 18, p9-9. 1/3p. - Publication Year :
- 2003
-
Abstract
- The article focuses on various developments in Washington D.C., related to the construction industry. Senate Environment and Public Works Committee leaders have agreed on key elements of a $255-billion, six-year highway bill. Firms providing construction, engineering and architectural services would benefit from a 10-year, $140-billion tax-cut package approved on October 28, 2003 by the House Ways and Means Committee. The proposed legislation would reduce the corporate tax rate for those firms from the current 35% to 32% beginning in 2007. Committee Democrats were able to remove a provision that would have given about $70 million in tax breaks to U.S. companies with offshore contracts, including firms doing construction work in Iraq.
- Subjects :
- *CONSTRUCTION industry
*LEGISLATIVE bills
*TAX deductions
*CONSTRUCTION spending
Subjects
Details
- Language :
- English
- ISSN :
- 08919526
- Volume :
- 251
- Issue :
- 18
- Database :
- Academic Search Index
- Journal :
- ENR: Engineering News-Record
- Publication Type :
- Periodical
- Accession number :
- 11390216