Legislative Update

From the monthly archives: October 2017

We are pleased to present below all posts archived in 'October 2017'. If you still can't find what you are looking for, try using the search box.

Federal Update - Budget Resolution and Tax Reform Week

This week the House and Senate were in session, with the Senate voting to approve the latest disaster relief package and the House voting today to narrowly approve, by a vote of 216-212, the Senate passed Budget Resolution (H.Con.Res. 71) that will position Congress to move forward with comprehensive tax reform. ABC key voted the budget resolution, you can view a copy of the letter here. The disaster relief package provides $36.5 billion to help residents of Puerto Rico, Florida and Texas and includes $16 billion in debt forgiveness for the National Flood Insurance Program. The President is expected to sign the bill, which has already passed the House. The budget resolution allows for tax cuts of $1.5 trillion, requiring approximately $4 trillion in offsets to adhere to the overall plan that is expected to cost nearly $5.5 trillion. One of the most highly reported revenue sources has been the state and local tax (SALT) deduction, which, if eliminated, would result in an estimated $1.3 trillion of ta ... Read the rest of entry »

ABC’s Mike Bellaman Appointed to Task Force on Apprenticeship Expansion for all Americans

WASHINGTON, Oct. 16—Michael D. Bellaman, president and CEO of Associated Builders and Contractors (ABC), has been appointed by U.S. Department of Labor Secretary R. Alexander Acosta to the Task Force on Apprenticeship Expansion, created by President Trump’s June 15 Executive Order 13801.  “I am excited to join Secretary Acosta’s task force to expand opportunities to citizens nationwide who want to live the American Dream while helping to build and rebuild our country,” said Bellaman. “As the president promised in his election night acceptance speech, every single American will have the opportunity to realize his or her fullest potential under his administration. That sentiment will drive this task force as we work to promote affordable education and rewarding jobs for all Americans.” According to the order, the task force will submit to the president strategies and proposals focused on four areas: Federal initiatives to promote apprenticeships; ... Read the rest of entry »


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