Construction Industry Faces Highest Tax Burden, According to U.S. Treasury

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WASHINGTON, D.C. – Construction shoulders a bigger tax burden than any other industry in the United States with an effective rate over 30 percent, according to a new report from the U.S. Department of the Treasury. Associated Builders and Contractors responded to the report by urging lawmakers to pass tax reform that would encourage economic growth by lowering rates for both corporate and pass-through businesses. “Tax Day is a painful reminder to construction companies that they carry a larger tax burden than any other industry,” said 2016 ABC National Chair David Chapin, president of Willmar Electric Service, Lincoln, Nebraska. “While … Read more

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Construction Firms Add 37,000 Jobs in March, 300,000+ in Past Year

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Construction employment rose sharply in March by 37,000 for the month and 301,000 for the year, while construction spending in February logged a solid year-over-year increase despite a dip compared with January, according to an analysis by the Associated General Contractors of America. Association officials said the new jobs and spending indicate that the industry is steadily expanding to meet growing demand. “These two reports confirm that demand for construction is robust and well-balanced among residential, private nonresidential and public segments,” said Ken Simonson, the association’s chief economist. “Compared with the same month a year ago, the industry is adding … Read more

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Brasfield & Gorrie’s Construction Veteran Buddy Clark: Man on a Mission

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BIRMINGHAM, Ala. – In 1962, 18-year-old Buddy Clark worked as an apprentice carpenter building a test stand for NASA’s Saturn V launch vehicle at Marshall Space Flight Center in Huntsville, Alabama. This project enabled NASA to test the Saturn V, the rocket used in the Apollo program that took U.S. astronauts to the moon. Now, at age 72, Clark is back at Marshall working on two stands designed to perform structural tests on the largest-ever cryogenic fuel tanks for the most powerful rocket in history, the NASA Space Launch System. These test stands will expand the U.S. space program and … Read more

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New Addition to Cold Water Pressure Washer Line

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Mi-T-M Corporation recently added the new 7000 PSI CWC cold water pressure washer to the CWC Premium Series line. This new model is ideal for any heavy-duty cleaning in a variety of industries and features 7000 PSI at 3.8 GPM, a 688cc Honda OHV engine with electric start, external bypass system to protect from heat build-up, two-piece belt guard for easy access to components and a 13 gallon fuel tank capacity for a 9 ½ hour maximum run time. With its industrial frame, 1 ¼-inch roll cage, handles, lifting hook and flat-free tires with a locking brake, it is both … Read more

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Moisture Vapor Barrier Developed with Contractor in Mind

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H.B. Fuller Construction Products’ new moisture vapor barrier — TEC LiquiDam EZ —was developed with the contractor and their time constraints in mind. When time is tight and moisture mitigation is critical, any delay can have significant effects on the overall project schedule. The barrier can help save steps in application with its one-part, liquid-based moisture vapor barrier formula. This new product holds up in demanding moisture situations and allows for shorter installation time.

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