Super Committee Nearing Deadline

As the Bipartisan Committee on Deficit Reduction (super committee) runs up against their deadline of Nov. 23 to produce a budget cutting package, AGC continues to advocate for continued investment in infrastructure and comprehensive tax and entitlement reform. Washington waits as the members of the super committee enter the final stretch in their attempts to cut at least $1.2 to $1.5 trillion from the national debt over 10 years.  Republican demands for entitlement cuts and Democrat demands for increased revenue continue to complicate the committee’s deliberations.  There is, however, hope that a compromise can be reached in the next several days. As the super committee’s plan becomes public, AGC will analyze and report on the impact the plan will have on the construction industry.  In particular, AGC will be looking for a revenue source for surface transportation and water infrastructure reauthorization, funding for federal construction programs and tax reform. For more information, please contact Sean O’Neill at (202) 547-8892 or oneills@agc.org.