The Infrastructure Investment and Jobs Act (IIJA) provides a generational opportunity to invest in the nation’s highway, bridge, public transit, airport and other infrastructure programs. Transportation improvements connect people and communities, while yielding short and long-term improvements across the economy. The 33 national associations and labor unions that make up the Transportation Construction Coalition (TCC) urge all members to vote YES on final passage of the IIJA in the House.

The undersigned associations, representing thousands of businesses and workers throughout the U.S. economy, write in strong support of permanently preserving the current limit on business interest deductions—which is scheduled to expire in 2022.  Current law limits businesses’ interest expense deductions to 30% of earnings before interest, tax, depreciation, and amortization (EBITDA) for tax years through 2021. Starting in 2022, interest deductions will be limited to 30% of earnings before interest and tax (EBIT).

The Senate-passed bipartisan infrastructure bill—the Infrastructure Investment and Jobs Act (IIJA)—represents a historic opportunity to provide substantial economic and quality of life enhancements to communities across the country and to build for the future. The investments made in the package would facilitate long overdue repairs and improvements to our roads, bridges, rail, and public transportation, and other critical infrastructure, such as airports, ports, broadband, energy, and water systems. The undersigned organizations encourage all members of the U.S.

We, the undersigned associations, write to state our unequivocal support for the continuation of stepped-up basis. Stepped-up basis prevents family-owned businesses and farms from being hit with two significant and damaging tax bills when a family member passes away—the capital gains tax on any appreciated assets and the estate tax on whatever is left. The FBETC opposes any changes to stepped-up basis that would impose this double death tax and increase taxes on family-owned businesses and farms—including administratively unworkable “protections” that simply delay destructive tax hikes.

As the Ways and Means Committee considers possible tax changes in connection with budget reconciliation legislation, the undersigned organizations urge you to retain the present-law percentage depletion tax deduction.  The percentage depletion deduction contributes significantly to the role U.S. mineral, coal, natural stone, aggregates, and independent oil and gas producers play in fostering continued American economic prosperity. Maintaining a strong natural resources production sector and limiting our dependence on foreign production is critical to the growth of the U.S. economy.   

The undersigned organizations representing millions of individually- and family-owned businesses strongly urge you to reject any measures that would raise taxes on Main Street employers as part of the upcoming reconciliation bill.  Individually- and family-owned businesses are the cornerstone of the American economy.  They represent nearly all businesses, they employ the vast majority of private sector workers, and they are the building block upon which innumerable communities across this country are built.

As the Finance Committee considers possible tax changes in connection with budget reconciliation legislation, the undersigned organizations urge you to retain the presentlaw percentage depletion tax deduction.  The percentage depletion deduction contributes significantly to the role U.S. mineral, coal, natural stone, aggregates, and independent oil and gas producers play in fostering continued American economic prosperity.  Maintaining a strong natural resources production sector and limiting our dependence on foreign production is critical to the growth of the U.S. economy. 

The Highway Materials Group (HMG) thanks you for your leadership and urges immediate passage of the Infrastructure Investment and Jobs Act (IIJA) – H.R. 3684 – before the current one-year extension of the FAST Act expires on September 30th. We are appreciative of the robust levels IIJA provides our surface transportation network and the countless improvements it will provide our dilapidated infrastructure network.

On behalf of the 400 members of the National Stone, Sand and Gravel Association (NSSGA) I am writing to share our strong support for H.R. 3684, the Infrastructure Investment and Jobs Act (IIJA), recently passed by the Senate with bipartisan support and urge its passage through the House as quickly as possible. IIJA is a historic, robust bipartisan infrastructure bill that will significantly enhance our crumbling infrastructure network, improve our national economy and global competitiveness, and provide hundreds of thousands of good-paying jobs throughout the country.

The Opportunity America Jobs and Careers Coalition is a Washington-based business group focused on job training and workforce development. Members include employers and employer associations from a broad range of industries experiencing skills mismatches and worker shortages – IT, manufacturing, construction, retail and hospitality, among others. As representatives of business and industry, we see first-hand how the economy is changing in the wake of the Covid-19 pandemic. Millions of Americans are still out of work. Many will need to reskill for a new job or a new industry.