On Monday, the Chairman of the House Ways and Means Committee, Jason Smith (R-Mo.) hosted a roundtable in Kansas City, Missouri, along with Reps. Ron Estes (R-Kan.), and Rep. Mark Alford (R-Mo.).

Representing AGC at the roundtable were Dave Allinson, Chief Administrative Officer of Crossland Construction and Mike Brown, President of Burns & McDonnell.

The discussion focused on how important provisions from the Trump tax cuts, including the Section 199A 20 percent Qualified Business Income (QBI) deduction, are to American businesses’ ability to expand, hire new employees, invest in their communities, and grow wages. Roundtable participants underlined the consequences they will face if the temporary provisions from the 2017 Tax Cuts and Jobs Act expire at the end of next year, which would increase taxes on pass-through businesses by 20 percent.

You might recall, AGC has participated in a few of these roundtables across the country. Earlier this year, the House Committee on Ways and Means created 10 "tax teams" to focus on different aspects of the tax code and how it affects businesses, individuals, and families.

In light of many tax provisions important to the construction industry expiring in 2025, the teams will make recommendations to the full committee at the end of the year after hosting well over 100 of these types of roundtables with different stakeholder groups, both in Washington, DC and across the country. AGC thanks The Builders chapter for their help with coordinating this event.

If you have any questions, please contact Matthew Turkstra (202) 547-4733.