Issues & AdvocacyFederal
AIA Leaders Press Congress for Fiscal Cliff Deal
By Andrew Goldberg, Managing Director, Government Relations & Outreach
Members of the AIA Board of Directors took time from their meetings this week to visit Capitol Hill, urging Congress to finalize a deal to avert the “fiscal cliff.”
Congress and the White House are negotiating a plan to avoid automatic budget cuts and tax increased scheduled to kick in at the start of the New Year. An AIA analysis released in October showed that the budget cuts would reduce federal building investments by more than $2 billion, leading to as many as 60,000 job losses in the design and construction industry.
AIA leaders pressed home the point that although the industry is slowly recovering from the economic crisis, the fiscal cliff could send it back to severe job losses and higher costs in the long run due to deferred maintenance on federal facilities. Board members also reminded lawmakers that approximately 80 percent of architecture firms are pass-through entities – like partnerships, S corporations and sole proprietors – who are taxed at the individual, not corporate, tax rate. They urged Congress to ensure that any changes in tax policy treat pass-through entities fairly.
To hear more about what the board members talked about in their meetings, check out the videos below!
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