AAMA Praises Obama for $4 Billion in Energy Upgrades, Congress for 3 Percent Tax Repeal for Contractors
December 5, 2011

The American Architectural Manufacturers Association (AAMA) of Schaumburg, Ill., and its members are praising President Obama's announcement committing nearly $4 billion in combined federal and private sector energy upgrades to buildings during the next two years. The White House states that these investments will save billions in energy costs and promote energy independence. According to independent estimates, it also will create tens of thousands of jobs in the hard-hit construction sector.

The announcement follows Congress passing legislation to repeal the withholding tax mandate for government contractors. President Obama signed the "3 percent Withholding Repeal and Job Creation Act" into law on November 21, 2011. "Among other things, the law eases a financial barrier for vendors providing services to federal, state and local government entities, which frees up their cashflow for new hires and new purchases," said AAMA President and CEO Rich Walker in a release. "In addition, the law includes the Vow to Hire Heroes Act, which establishes a veteran retraining and hiring program. These positive steps strengthen the American workforce and economy."

Taking another step forward, Walker and AAMA praise the president's $4 billion investment to further strengthen the U.S. infrastructure and lessen the nation's dependence on foreign energy sources.

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