Related Links: Summary of administration's proposal President Proposes Plan to Cut Corporate Tax Rates Construction industry organizations are finding fault with the Obama administration’s proposal to overhaul the corporate tax system, saying it does nothing to help many small businesses, which are prevalent in the design and construction industry. The proposal, which administration officials released on Feb. 22, would trim the top corporate rate to 28% from 35% and make permanent tax credits for renewable energy and research. In a call with reporters, Treasury Secretary Timothy Geithner said President Obama's plan would simplify the tax code and end dozens of
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.