Countdown to Election Day
just 5 days left until voters across the country head to the polls to
elect a new president, 34 US Senators, 435 US House members, and countless
state and local officials.
construction industry and the millions of workers it employs have much at stake
in this election. At a time when the industry is rebounding from the longest
and deepest slump of any sector, it is especially important to elect leaders
willing to work for common-sense solutions to the challenges facing the
construction industry and its workforce.
for the voices of general and specialty contractors, service providers, and
suppliers to be heard in this ever-changing political landscape, they must
register to vote and cast ballots early, or on Election Day.
be demanding and the hours long, and it can be difficult to balance work and
family commitments, but voting must be a priority.
doesn't have to be difficult or take up much time. AGC makes it easy by hosting
a voter registration and election information center at ConstructionVotes.com.
about the candidates
your polling location
employer resources to help Get-Out-the-Vote
the Clinton-Trump Presidential Candidate Comparison Guide
For more information, visit www.ConstructionVotes.com.
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Construction on the Ballot – Bonds and Ballot Initiatives in the 2016 Election
As many as
13 states will be deciding questions relevant to construction at the ballot box
next week. They range from funding for public construction programs to policy
considerations dealing with labor, employment, and the environment.
school construction front, California is considering $9 billion for K-12
schools and community colleges; New Mexico is considering $142 million for
higher ed, special, and tribal schools; and Rhode Island will consider $45
million in bonds for higher education. Rhode Island is also considering $70
million in port infrastructure bonds and $50 million in affordable housing
bonds. New Mexico is looking at $15 million for senior facility bonds and $18
million in public safety infrastructure improvements. Casino funding is
also up in Massachusetts, where a new slots-only facility license is up for
consideration, and New Jersey, where the state is considering allowing two new
casinos in northern counties (ending Atlantic City’s monopoly on casinos in the
state). On the transportation front, Illinois is looking to firewall
its transportation funds, Louisiana is looking to dedicate certain revenues in
the states “rainy day fund” toward transportation, Maine is considering $100
million in new transportation bonds, and New Jersey is considering dedicating
all revenue from the states motor fuel tax to its transportation trust fund.
Several localities also have transportation bonds on their ballots.
policy side of things, Alabama and Virginia are considering “Right to Work”
amendments to their respective states’ constitutions regarding mandatory
membership in unions, and South Dakota (already a “Right to Work” state) is
considering whether to allow unions to charge a fee to nonmembers that receive
the benefits of their services without paying into the system. Four states
(Arizona, Colorado, Maine, and Washington) are considering minimum wage
increases. Of those four, Arizona and Washington include mandatory paid sick
leave as part of the minimum wage increase provisions. Nine states (Arizona,
Arkansas, California, Florida, Maine, Massachusetts, Montana, Nevada, and North
Dakota) have either medical or recreational marijuana on the ballot. On the
energy front, Florida will weigh a measure that provides property tax
exemptions for solar power and renewable energy equipment installed in home,
commercial, and industrial property. Washington is considering whether or not
to become the first state to impose a carbon tax on fossil fuels and energy
generated from them (while also lowering the state sales tax so as to remain
revenue neutral). California is considering a measure that would require voter
approval of revenue bonds over $2 billion, currently there is no requirement
for voter approval at any amount.
monitor these provisions on statewide ballots and report on their success after
the election November 8.
For more information contact Scott
Berry at email@example.com
or (703) 837-5321
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AGC Voices Opposition to Increased Death Taxes on Family Businesses
This week, AGC submitted formal comments to the Department of Treasury requesting
that the proposed regulations on removing minority valuation discounts for
family owned businesses be withdrawn in their entirety. Essentially, the
proposed rules would eliminate “lack of control” and “lack of marketability”
valuation discounts for family members receiving interest in a
family-controlled business. Left as proposed, the rules would increase
estate and gift taxes by 30 to 50 percent or more on family-owned businesses,
resulting in few family construction companies surviving from one generation to
burdensome regulations would be particularly damaging to family-owned
construction companies, which often have illiquid capital assets due to
equipment and rolling stock, but maintain relatively modest annual
incomes. In early October, over 730 family-owned AGC member companies signed a letter sent to Treasury
Secretary Jacob Lew
and key tax-writers in Congress requesting a complete withdraw of the proposed Section 2704
rules relating to
minority shareholder discounts for estate tax purposes. AGC will be present at
the public hearing scheduled at the IRS on December 1. AGC has also cosigned
other industry letters with the same aim in mind to vacate the proposed
regulations. AGC continues to meet with key congressional staff about the
possibility for a solution in year-end legislation.
expectation is that Treasury will finalize the rule prior to the end of the
Obama Administration in January; and if finalized, the rules will be challenged
in the courts, as there is past precedent from the tax courts, and prospects
for a legal challenge are likely to be successful. AGC will evaluate the best
course of action and at the appropriate time alert AGC members to the most
effective way to impact changes to the proposed regulation. Meanwhile, AGC is
coalescing its support for legislation to negate the effects of the proposed rule
by joining other industries in promoting H.R. 6100 the Protect Family
Farms and Businesses Act, introduced by Congressman Warren Davidson (R-OH).
The bill has already gained the support of 60 cosponsors, including members of
the Ways and Means Committee and House Leadership. Moreover, Senator Marco
Rubio (R-FL) offered a companion bill, S. 3436 at the end of September.
For more information, contact Brian Lenihan at firstname.lastname@example.org or (202)
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AGC Sends Innovative Finance Letter to Congress
AGC joined several other associations in sending a letter to Members of
Congress seeking their support for legislation that would help finance
infrastructure projects through the use of public-private partnerships. Specifically, the legislation would either create or increase the availability
of Private Activity Bonds (PABs) for construction of public buildings, surface
transportation and water projects.
long championed the use of PABs as an essential tool for helping close the
financing for major public infrastructure projects and will continue to push
for Congress to pass the legislation that would help finance and fund these
For more information, please contact Sean O’Neill at email@example.com or (202) 547-8892.
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Webinar: Federal Contractors, Get Ready for the New Paid Sick Leave Rule!
Wednesday, Nov. 16 | 2:00-3:30 p.m. EST
all construction contractors that perform work for the federal government will
be required to provide paid time off to employees for sickness and other
covered purposes under a new rule issued by the U.S. Department of Labor that
takes effect on January 1, 2017. AGC of America
will hold a WebEd (webinar) on November 16 from 2:00 to 3:30 p.m.
Eastern Standard Time specifically to help construction contractors understand
the rule’s myriad mandates and avoid costly sanctions for noncompliance.
Among the many issues addressed, the program will answer the
following questions about the rule:
• What types of contracts are covered?
• Which employees are covered?
• How much time off are employees entitled to and how is it accrued?
• Does accrued leave carry over from year to year?
• For what reasons is an employee entitled to paid leave?
• What are the notice and recordkeeping requirements?
• Can a PTO policy suffice?
• How does the rule interact with state and local paid sick leave laws?
• How does the rule interact with collective bargaining agreements?
• Does the sick pay count toward Davis-Bacon prevailing wage obligations?
• What are the flow-down responsibilities?
Click here for more info or to register now at the AGC-member
price of $79 or the non-member price of $99.
For more information, contact Denise Gold at goldd.agc.org
or (703) 837-5326.
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Registration for the Winter Financial Issues Committee
Register Now and Hotel Deadline is Dec. 26
guidance, accurate advice on reporting requirements and common practices are
essential items for any financial professional’s toolbox. We invite you to join
your peers at the Winter 2017 AGC
Financial Issues Committee,
January 10-11, 2017 at Trump National Doral in Miami, FL. The two-day meeting
is filled with interactive sessions, covering the latest industry issues and
their financial implications. The Winter 2017 FIC meeting will feature in-depth
discussions with fellow contractors, FASB representatives, as well as AGC’s
economist and legislative staff, and delve deep into the latest financial and
accounting issues impacting the construction industry.
CFO Roundtable will focus on cybersecurity issues from an industry expert. Get
updated on the outcome of the 2016 elections and the impact on tax &
accounting issues for 2017, and hear from AGC’s economist on industry trends
and market conditions.
For more information, contact Brian Lenihan at firstname.lastname@example.org or (202) 547-4733.
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