What Contractors Should Do in the Event of a Shutdown
On Jan. 18, AGC urged Congress to pass a short-term funding bill that would avoid a government shutdown and provide temporary relief from several Obamacare taxes impacting construction employers. AGC has compiled resources – What Contractors Should Know in the Event the Government Shuts Down – to help your company deal with the consequences of a government shutdown.
As noted, the funding bill would additionally provide essential relief from a number of Obamacare taxes that would otherwise detrimentally impact construction contractors, especially small businesses. Specifically, the bill delays until 2022 the Cadillac tax, a 40 percent excise tax on employer-sponsored health coverage whose benefits exceed specific thresholds. The legislation would also provide a one year, 2019 moratorium on the health insurance tax that will increase the cost of health insurance for small business employers, the majority of AGC’s construction contractor membership. 
For more information, contact Jordan Howard at [email protected].