The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, issued the following statement today in reaction to the launch of the new Coalition for Fair Effective Tax Rates.
“The launch of this new coalition will help bring needed tax relief to a construction sector that currently pays the highest effective corporate tax rate of any industry type,” said Sandherr. “That relief can’t come soon enough as the hard-hit construction industry pays an effective corporate tax rate of 31 percent, the highest level in the economy and more than double the rate some sectors pay, according to the most recent analysis by the U.S. Department of the Treasury.