Industry executives may have hoped the recently passed tax law and President Trump’s promises to fix the nation’s crumbling infrastructure would lead to new superhighways paved with gold.
When President Trump said on March 1 that he would impose tariffs of 25% on foreign steel and 10% on aluminum, it immediately put construction estimators and executives, and the suppliers they rely on, into a holding pattern.
President Trump’s infrastructure investment proposal has moved to the next step—congressional scrutiny—and faces what looks like a steep uphill path to enactment.
Last year was a good year for the Associated General Contractors of America. AGC members got a boost from a business-friendly Trump administration that began rolling back regulations like the blacklisting rule and push through a tax-cut package that lowers the pass-through rate.
Federal Bureau of Investigation and General Services Administration officials faced sharp questioning on Capitol Hill as they defended a Trump administration proposal to replace the FBI’s aging downtown Washington, D.C., headquarters with a new building at the same spot.