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NECA Weighs In On Tax Reform Prospects After Presidential Election

Nov 10, 2016

Marco Giamberardino, executive director for government affairs for the National Electrical Contractors Association, was highlighted in a recent article in Engineering News-Record, commenting on how the construction industry is adjusting to the presidential election of Donald Trump.

Some see the possibility of tax-reform legislation as a vehicle for a Highway Trust Fund solution, the magazine notes. NECA also would like to see a comprehensive tax measure include other provisions, says Giamberardino. He says NECA members favor repealing the estate tax and also are seeking "parity" in the tax rates that corporations pay and the rates paid by firms organized as "pass-through" entities, such as S corporations or partnerships.

More from ENR:

Trump’s surprising victory will have a major effect on policies that affect the construction industry, particularly in workplace-related and environmental regulations, which he is expected to seek to tilt toward business interests’ point of view.

Another construction industry focus will be Trump’s campaign proposal for a $1 trillion, 10-year infrastructure plan in his first 100 days in office.

The Senate and the House will remain in Republican control next year, after Democrats made pickups in each chamber but not enough to take over.

By Tom Ichniowski, Pam Hunter McFarland and Debra K. Rubin, with Jim Parsons, JT LongMary B. Powers and Erin Richey

To read the full ENR article, go to
http://www.enr.com/articles/40859-trumps-big-win-will-affect-regulations-may-produce-infrastructure-push.