This story was originally published at ProPublica.org. [1]
Licensed under creative commons by-nc-nd/3.0 [2]


Bechtel Gets G.O.P. Support For a Potential Tax Break
Author Name, ProPublica
Date: 08, 2021


The Bechtel Corporation, which hired a former commissioner of the Internal Revenue Service to lobby on its behalf, has won support from House Republicans for what could be a generous new tax break.

The tax break, which will be taken up on Tuesday by the House Ways and Means Committee, was originally intended to help shore up factory jobs in the United States by reducing the corporate tax rate for domestic manufacturers to 32 percent from 35 percent.

But the bill now includes a provision sought by Bechtel, an engineering conglomerate that is also one of the biggest recipients of government contracts for Iraqi reconstruction, that would reduce taxes on ''architectural and engineering services.''

The new provision would also benefit the Halliburton Company, whose previous chief executive was Vice President Dick Cheney and which now has a Pentagon contract to repair the Iraqi oil infrastructure. The Fluor Corporation, which recently won a $102 million contract to work on Iraq's electrical system, would receive a tax reduction as well.

[1] URL: https://www.nytimes.com/2003/10/28/business/bechtel-gets-gop-support-for-a-potential-tax-break.html
[2] URL: https://creativecommons.org/licenses/by-nc-nd/3.0/us/
   URL: https://www.propublica.org/steal-our-stories

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