AGC blocked a surprise federal tax increase of up to 37 percent on Paycheck Protection Program (PPP) loan forgiveness, benefiting tens of thousands of construction firms.

The Associated General Contractors of America Political Action Committee, also known as the AGC PAC, announced today that it has endorsed David Perdue and Kelly Loeffler for the United States Senate. AGC PAC officials said they are supporting the senators’ campaigns because of their strong pro-construction record and support for the industry.

On December 3, AGC, along with 564 trade associations, called on Congress to pass legislation reversing IRS policy that turns promised, tax-free PPP loan forgiveness into a taxable event.

In a year like 2020, it is fitting that the presidential election and a number of down-ballot races have gone into political overtime. According to preliminary estimates, 160 million Americans participated in the 2020 general election shattering the previous record of 138 million in 2016. It remains uncertain if the country will eclipse the modern-era record for turnout as a share of the voting-eligible population last set at 63.8 percent in 1960.

On Oct. 26, U.S. Small Business Administration (SBA) announced that Paycheck Protection Program (PPP) lenders would send a questionnaire to PPP borrowers who received a principal loan amount of $2 million or more and have to return a completed questionnaire in ten days.

The Associated General Contractors of America Political Action Committee, also known as the AGC PAC, announced today that it has endorsed Steve Daines for the United States Senate. AGC PAC officials said they are supporting the senator’s campaign because of his strong pro-construction record.

The Associated General Contractors of America Political Action Committee, also known as the AGC PAC, announced today that it has endorsed John James for the United States Senate. AGC PAC officials said they are supporting the James campaign because of his commitment to support the construction industry.

The Associated General Contractors of America Political Action Committee, also known as the AGC PAC, announced today that it has endorsed Susan Collins for the United States Senate. AGC PAC officials said they are supporting the senator’s campaign because of her strong pro-construction record.

The Associated General Contractors of America Political Action Committee, also known as the AGC PAC, announced today that it has endorsed Joni Ernst for the United States Senate. AGC PAC officials said they are supporting the senator’s campaign because of her strong pro-construction record.

On September 22, the House passed a bill to fund the federal government, known as a continuing resolution (CR), through December 11, 2020.