Archive for March 2023

ASA Supports Rep. Steube (R-FL)’s Tax Relief Legislation for Hurricane Ian’s Recovering Efforts ASA supports Rep. Steube (R-FL)’s legislation to provide income tax relief to Americans recovering from Hurricane Ian. The legislation designates Hurricane Ian as a qualified disaster for the purposes of determining tax treatment of certain disaster-related personal casualty losses.  Per. Rep. Steube,…

ASA Central PA and Western PA Chapters Support Construction Materials Price Escalation Bill On Thursday, the PA Senate Labor and Industry Committee voted on SB 359, the Construction Materials Price Escalation Bill, which would address extraordinary construction material price increases.  ASA Central PA and Western PA Chapters helped draft this legislation.  It is well known…

This Week in Congress This week, Congress returned to session with the Senate focusing on nomination votes, along with committee hearings on oversight of Ukraine funding and enshrining the Equal Rights Amendment.  The House voted on the REIN IN Act, which would require the administration to report the inflationary effects of executive orders before the…

ASA Supports NAWIC’s WIC Week The National Association of Women in Construction is having its 25th annual “Women in Construction Week” March 5 – 11, overlapping ASA’s SUBExcel.  WIC Week celebrates and promotes the role of women in the construction industry and consists of virtual events and NAWIC chapter events throughout the country. ASA is proud…

Proposed FY24 Budget Cuts Senate Democrats said that the Republican budget-cutting plans would trigger “drastic” cuts to critical programs. Speaker McCarthy promised to write the FY24 appropriations bills at the FY22 level to win over holdouts among his party’s right flank during his bid for speaker.  Democrats calculate that discretionary spending would need to be…

ASA Welcomes New Silver Sponsor, Hotel Engine ASA is proud to announce that Hotel Engine has become our latest Silver Sponsor!  We welcome them to the ASA family and encourage all members to check out everything they have to offer. Hotel Engine is a Denver-based travel tech company on a mission to radically simplify trip…

Ten Year Budget Forecast A CBO report providing a 10-year budget forecast, predicted the deficit will reach $1.4 trillion this year. The report also predicted the federal government will reach the debt ceiling between July and September. Return to the ASAToday page to read more articles.

SUBExcel 2023 Starts in 6 Days! In less than one week, ASA members and supporters will gather in Fort Worth, Texas to learn, network, and celebrate subcontractors of all types.  If you haven’t registered yet, there’s still time!  If you live in Texas, we encourage you to come by and visit the conference. You are…

Debt Ceiling Update Treasury Secretary Yellen last month began deploying “extraordinary measures,” such as suspending investments in certain federal trust funds, to keep from exceeding the $31.4 trillion statutory borrowing cap. Yellen estimated at the time that those accounting tools may not last beyond early June. The agency’s current crop of extraordinary measures is set…

Supreme Court on Student Loan Forgiveness On Tuesday, the Supreme Court heard oral arguments in cases challenging the Biden administration’s student loan relief program; one from a group of Republican-led states and another from borrowers who challenged their ineligibility for forgiveness.  Congressional Republicans want the court to restrict the regulatory power of the Biden administration…