How the GOP tax overhaul could affect construction

The bill slashes the corporate tax rate from 35% to 21%, and also includes massive changes to how income earned or kept offshore is treated. Every industry could see effects — including higher education. Tax reform is expected to impact several areas of interest to HR: paid leave, fringe benefits, automation and offshoring. Overall, tax reform proposes various threats to city governments, primarily in the areas of infrastructure, key tax credits and the development of economically sustainable communities.

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