21 Dec 2017 | Aeroventic
4.7
ABC Celebrates Passage of Historic Tax Reform Bill

WASHINGTON, Dec. 20—Associated Builders and Contractors (ABC) President and CEO Michael D. Bellaman released the following statement after Congress passed The Tax Cuts and Jobs Act:

“This is a historic day for the construction industry. For too long, ABC’s 21,000-plus members have paid the highest effective tax rate of any sector of the economy. We are a capital-intensive, domestically oriented industry comprised mostly of small, family owned and closely held merit shop construction companies employing hardworking Americans. Our members have waited for Washington to let them keep more money in their paychecks, which would enable them to invest back in their businesses, create new jobs in their communities and grow the economy. The wait is finally over. 

“The vast majority of construction companies will benefit from the new 20 percent deduction for qualified pass-through income, bringing the top effective rate to 29.6 percent, down a full ten points. The rest will feel a boost from the largest corporate rate cut in U.S. history. Changes to various accounting methods will ease burdens for many small contractors and the doubling of the estate tax exemption to $11 million is a big win for our industry’s family businesses.

“ABC applauds Congress and the White House for delivering the first comprehensive tax reform in more than 30 years and giving our industry a simpler and fairer tax code that will lead to more economic freedom and global competitiveness.” 

What is aeroventic?
  • What is aeroventic?

    Aeroventic is an international solution dedicated to HVACR industry. It has been designed to create an opportunity for both producers and distributors to present their business value and products worldwide. One system allowing for global reach.

  • Company profile

    Build your company value and present your competitive advantage.

    Share your catalogues, software selection programs and all business facts you consider important.

  • Product virtual showroom

    It is a great place to present all your products at once effortlessly.Each product is equipped with an option "Add to inquiry" for customer convenience. A customer sends an inquiry directly to you.

  • News & information channel

    Basically speaking, aeroventic is an equivalent of offline trade fair where you present your company and products, distribute catalogues, make contacts and develop your business.

What You Get with us?
Partners
What You Get with us?