Capitol Update 5/23/25
House narrowly passes tax and spending bill The House has passed the One Big Beautiful Bill Act, a tax and spending package, by a 215-214 vote. The bill extends tax deductions for construction contractors, including making the 199A deduction permanent and increasing it to 23%, … read more
Capitol Update 5/16/25
Uncertainty abounds despite US-China trade deal The US and China have agreed on a 90-day trade deal that significantly reduces tariffs, with China lowering from 125% to 10% and the US from 145% to 30%. Eric Gaus from Dodge Construction Network and independent economist Richard … read more
Capitol Update 5/2/25
Investors reassess US assets amid trade policies Investors are reevaluating US assets 100 days into President Donald Trump’s new administration, driven by concerns over trade policies and their impact on economic stability. Although significant rallies have occurred, the S&P 500 has fallen 8% and the … read more