Brian Turmail News
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With pitched baseballs and idled rail cars, companies such as Microsoft Corp., CSX Corp. and AT&T Inc. this week put their names, representatives and issues in front of the elected officials, senior aides and delegates attending the Republican National Convention in Tampa, Florida.
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One consideration above all others may be pushing the political odd couple of Senator Barbara Boxer and Representative John Mica toward a deal on U.S. highway spending through next year: Failure to reach one may idle thousands of construction workers.
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Business groups led by the U.S. Chamber of Commerce are spending more than $500,000 on advertising to press Republican lawmakers, on recess this week, to back a stalled transportation spending bill.
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The Internal Revenue Service is giving companies that have been misclassifying employees as independent contractors a chance to pay a fraction of back taxes to avoid interest, penalties and audits for previous years.
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Congress’s impasse over the Federal Aviation Administration’s funding extension is stalling airport construction work from Memphis to Las Vegas, with hundreds of projects put on hold and thousands of workers idled.
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An extension of the Build America Bond program was omitted from a compromise that President Barack Obama struck with congressional leaders to prolong tax cuts enacted in 2001 and 2003, White House officials said.
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The cost to protect the debt of Vulcan Materials Co. and Martin Marietta Materials Inc. jumped after Republicans in the U.S. House of Representatives changed the way transportation funding may be allocated, potentially denting revenue for the companies.
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