Page 2 - Bacon Act News Today

Washington, Aug. 8—Associated Builders and Contractors issued the following statement in response to the U.S. Department of Labor today issuing a final rule, Updating the Davis-Bacon and Related Acts Regulations, which will make drastic revisions to the Davis-Bacon Act and Related Acts regulations that apply to federal and federally assisted construction projects funded by taxpayers.

On Tuesday, Sen. Mitt Romney of Utah applauded the U.S. Department of Commerce’s decision to award a large grant to increase broadband access in Utah. The state will receive $317 million in a Broadband Equity, Access, and Deployment (BEAD) program grant as a part of President Joe Biden’s initiative of “Internet for All.” “I was proud to help lead negotiations of the bipartisan infrastructure bill to secure needed resources for Utah,” he said.

The money comes from the $1 trillion bipartisan Infrastructure Investment and Jobs Act signed into law in November 2021

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The COVID-19 pandemic and resulting public policy responses are unprecedented. Intentionally shutting down economic activity deemed non-essential by state governors to contain the spread of the novel coronavirus has had dramatic effects on the livelihoods of millions of Americans. The federal government and state governments have taken exceptional actions to support people and businesses affected by the pandemic containment measures.

The political culture of Washington, DC, can at times seem immune to budgetary responsibility. Programs that benefit small but well-connected constituencies are reliably created and expanded with minimal regard to public costs and benefits.

With a divided Congress, policymakers in both chambers have suggested an infrastructure package as an area of potential bipartisanship. If past is prologue, this should worry American taxpayers. The last $305 billion infrastructure bill signed into law by President Barack Obama in 2015 was fiscally irresponsible and failed to include any meaningful reforms to government-imposed barriers to infrastructure investment.

The May employment report shows that the labor market remains weak.

State Auditor Mike Harmon Releases Audit of Leslie County Fiscal Court,

Labor shortages continue to harm the U.S. economy, adding to ongoing inflation, increasing the risks of an economic down, and exacerbating the federal government’s irrefutably unsustainable fiscal outlook. This Backgrounder examines the current U.S. labor market by diving deeper into the employment trends among different groups of workers with data through March 2023.