Related Links: Summary of administration's tax proposal The Obama administration has proposed overhauling the corporate tax system, including a cut in the top rate and eliminating many subsidies and other breaks. But the framework, which the Treasury Dept. released on Feb. 22, does not affect many small businesses, which are prevalent in the design and construction industry.The proposal calls for trimming the top corporate tax rate to 28% from 35%, and making permanent tax credits for renewable energy and research.In a call with reporters, Treasury Secretary Timothy Geithner said that President Obama's plan would simplify the tax code and end
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.