2017 FINAL TAX LEGISLATION WILL REDUCE RATES FOR CONSTRUCTION FIRMS, SPUR ECONOMIC GROWTH

2017 FINAL TAX LEGISLATION WILL REDUCE RATES FOR CONSTRUCTION FIRMS, SPUR ECONOMIC GROWTH

OPTIMISM FOR THE FUTURE OF THE CONSTRUCTION MATERIALS INDUSTRY

Glendora, CA  – President Trump and Congress have delivered on their promise to provide tax reform that will empower American companies as they compete in the world economy.  The President officially signed the “Tax Cuts and Jobs Act” into law on Dec. 22, 2017. Strengthening economic conditions supported by tax reform will play key roles in the demand for concrete and other key construction materials for sorely needed rehabilitation of existing projects as well as new construction. CalPortland looks forward to supplying critical materials required to improve the quality of life and to help build and rebuild America.

Economic momentum supported by tax reform and anticipated federal infrastructure legislation will increase jobs and allow the company to continue to invest in its business throughout the western United States. Senior Vice President Steve Regis communicated, “We are excited about the future. The combination of the new tax legislation and reduced bureaucratic red tape will allow American manufacturing to once again compete in world markets. CalPortland is proud of its record on safety compliance, environmental compliance, and energy conservation, however, the company also recognizes the importance of cutting the red tape that has been strangling America with burdensome regulations. Once again, President Trump and Congress have been delivering on promises to streamline runaway bureaucratic regulation.”

The company looks forward to the administration and Congress passing and funding a comprehensive bipartisan infrastructure bill during this year. The quicker the country can repair our crumbling infrastructure will be best for the American people as well as the construction industry. Infrastructure projects can take years to permit, design, and build and the country needs them sooner rather than later.

About CalPortland

CalPortland Company is a major producer of cement, ready mixed concrete, aggregates, concrete products and asphalt in the western United States and Canada. Founded in 1891 with the principle of providing unsurpassed quality, CalPortland remains a leader in the industry through its commitment to quality, safety, customer service, technical excellence and environmental leadership. The company maintains its headquarters in Glendora, California and operates in the Western U.S. and two Canadian Provinces. For more information about CalPortland Company, visit www.calportland.com.

2018-02-06T14:41:52+00:00 February 6th, 2018|