House Democrats passed the Senate-approved $740 billion reconciliation package, the Inflation Reduction Act, by a 220-207 strictly partisan vote on Aug. 12. Ahead of the House vote, ABC issued a key vote against House passage, highlighting a critical change from the Senate process—a Democrat-approved amendment, offered by Sen. Mark Warner, D-Va., that would extend limits on pass-through business losses that can be used to reduce other taxable income. This $52 billion tax increase on pass-through businesses is particularly harmful while the economy is struggling and an increasing number of businesses are suffering losses.
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Democrats’ Reconciliation Package Passes House, Will Be Signed Into Law
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DOL Increases Costs for Contractors and Taxpayers With Davis-Bacon Final Rule
On Aug. 8, the U.S. Department of Labor issued its final rule, Updating Davis-Bacon and Related Acts, making drastic revisions to existing regulations concerning government-determined prevailing wage rates that must be paid to construction workers on federal and...
NLRB Overrules Boeing, Upending Commonsense Workplace Policies
On Aug. 2, the National Labor Relations Board issued a decision in Stericycle Inc., which overruled Boeing and adopted a new legal standard for evaluating employer work rules challenged as facially unlawful under Section 8(a)(1) of the National Labor Relations Act....
ABC: Final Davis-Bacon Rule Undermines Taxpayer Investments in Infrastructure
WASHINGTON, Aug. 8—Associated Builders and Contractors issued the following statement in response to the U.S. Department of Labor today issuing a final rule, Updating the Davis-Bacon and Related Acts Regulations, which will make drastic revisions to the Davis-Bacon...
ABC: Nonresidential Construction Employment Increases in July
WASHINGTON, Aug. 4—The construction industry added 19,000 jobs on net in July, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by...
FAR Issues Proposed Rule on Sustainable Procurement in Federal Contracting
The Federal Acquisition Regulatory Council plans to issue a proposed rule on Aug. 3, 2023, that would establish new requirements for “sustainable procurement” in federal contracting. The proposal complies with Executive Order 14057, Catalyzing Clean Energy Industries...