Today, House Republican leaders unveiled their long-awaited tax reform bill, a broad rewrite of the tax code built around lowered individual and business tax rates, as well as an expanded tax base. Republicans have made clear their intent to pass and sign the bill into law before year’s end, noting that the 429 page bill, H.R. 1, is scheduled to be taken up for consideration in the House Ways and Means Committee beginning next week on Nov. 6.
Featuring 120 individual provisions that would add to, augment, or eliminate sections of the current tax code, the Republican tax reform bill—crafted behind closed doors—is already generating  intense debate among business leaders. Steve Sandherr, CEO of AGC of America, has already weighed in on the unfolding debate, noting that AGC “will work to ensure that pass-through businesses, including the majority of construction firms, also benefit from tax reform.”
AGC looks forward to providing its members with greater, construction-specific analysis in the coming weeks. In the meantime, you can find the complete bill text here and a section-by-section summary here.