AIA Comments on “Fiscal Cliff” Vote

The American Institute of Architects () today issued the following statement in reaction to the House and Senate votes approving the “Fiscal Cliff” deal negotiated by Congressional leaders earlier this week. The statement should be attributed to President Mickey Jacob, FAIA:

“On the plus side, the agreement prevents a tax increase on millions of Americans and small businesses. It also extends several business tax incentives that help create jobs and promote design and construction, including for schools and energy efficient homes.”

More after the break…

“The agreement also delays – but for only for two months – the job-killing, indiscriminate federal spending cuts caused by budget sequestration. This is good news for the economy and for the design and construction sector if Congress and the White House can come up with a more cohesive way to cut wasteful spending – and continue to make smart investments in the nation’s infrastructure.

“So, our nation has backed away from the Fiscal Cliff, but we’re still much too close to it. The element of uncertainty left by this bruising political battle will plague our economy for months and years to come. And that will only delay economic recovery and impair the ability for business to grow, prosper and create jobs.

“This clearly is no way to run a government. Americans, and the membership of the AIA, are fed up with Congress’ inability to work together in the best interests of the people of the United States.

“It is time for Congress to set aside party differences and come up with viable and responsible solutions that will foster economic growth, reward individuals and firms for success, and provide incentives to reinvest in their businesses. By dedicating our efforts to focus on the issues instead of the politics, together we will be able to stay on the path of economic recovery.

“The American Institute of Architects stands ready to work with the 113th Congress, which takes office tomorrow, and the White House to help address the nation’s pressing economic challenges with solutions that benefit economic growth and preserve and create more jobs.”

Press release via the AIA.

Cite: Rosenfield, Karissa. "AIA Comments on “Fiscal Cliff” Vote" 02 Jan 2013. ArchDaily. Accessed 19 Apr 2014. <http://www.archdaily.com/?p=313731>

1 comment

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    Read the “Deal”. Simply put, taxes on 77% of Americans go up… and 20% benefit. $62 billion in annual tax increase equates to just 2 weeks of deficit spending ($1 + tril.annual). Aside and lost in the hype was : November Construction Spending printed at -0.3%, down from a downward revised October 0.7% (from 1.4%), and well below expectations of a 0.6% print: this was the biggest miss in 10 months, and the first negative print in 10 months.

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