The investigation of the collapse of Carillion plc has in a few weeks produced hundreds of pages of testimony and documents and withering verbal criticism by members of Parliament (MPs) directed at the company’s executives, accountants and pension regulators.
Now passed by Congress, the bill bestows one of its biggest and most controversial gifts—a 20% deduction for pass-through revenue—on the majority of U.S. firms that are partnerships, S-corporations and sole proprietorships.
At a seminar full of contractors and insurance safety professionals, Carl Heinlein asked, “How many of you consider yourselves good drivers?” As if it were a coordinated flag raising, almost everyone raised a hand.
In recent weeks, President Trump has let it be known that he no longer foresees public-private partnerships as the centerpiece of his infrastructure plan. No surprise there.