Decision 2024 – What We’re Watching

Why it matters: The results of this election have far-reaching implications for the future of the 2017 tax law, R&D amortization, and broader tax reforms.  The next Congress will make decisions that could affect every ACEC member firm.  ACEC’s tax agenda includes protecting the current 21% corporate rate and the 20% tax deduction for S corps and other passthrough firms, restoring the deductibility of R&D expenses, and the protection of ESOPs and other ownership structures, to name a few.  While both parties have competing agendas and priorities on tax policy, they also have compelling reasons for finding a compromise.

Beyond Taxes: Aside from tax reform, infrastructure legislation remains a key focus.

• As the Bipartisan Infrastructure Law nears expiration in 2026, election results will dictate whether Congress pursues a comprehensive successor or opts for stand-alone bills.
• ACEC is proactively engaging with stakeholders to advocate for sustained federal infrastructure funding, emphasizing its crucial role in enhancing community life and health.

Takeaways: This election cycle is monumental for America.

• It’s important to stay informed, check sources, and participate in the democratic process.
• If you’ve voted, ACEC thanks you for your civic duty.
• If not, today is the day to make your voice heard.