Revised Tax Bill May Lift Construction

摘要

The tax breaks that fill the $858-billion Middle Class Tax Relief Act will provide welcome benefits for construction workers, some small firms, family-owned businesses and companies mulling equipment purchases. But the key question for the still-struggling construction industry is whether the measure's incentives, including an extension of 2001 and 2003 tax-rate reductions, will hoist the economy enough to get more projects under way. If that "trickle up" effect does come to pass, it could give construction markets a boost, but probably not a sharp spike and probably not right away.