ACCA Urges Congress Against Tax Increases, Inflationary Spending Amid Historic CPI Report
ACCA has strongly urged Congressional Leadership against passing Build Back Better in its current state.
If passed into law, the Bill would spend over $1 trillion, and target small and independently owned businesses through higher taxes in order to pay for it. ACCA’s message to Congress comes amid the most recent Consumer Price Index (CPI) report from the Department of Labor, which showed inflation rose 7 percent over the past year—the highest since 1982.
“ACCA members across the country have voiced their concern to us about the challenges they’re facing from the ongoing labor crisis, the supply chain challenges, and rising inflation,” said Barton James, ACCA president and CEO. “These issues won’t be fixed through raising contractors’ taxes and spending more money, and we think Congress should know that.”
ACCA also highlighted the need for Congress to prioritize addressing the supply chain issues, labor shortages, and inflation through policies that make it easier for contractors to do business as part of its continued commitment to promoting contractors’ best interests in Washington.
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