Michael D. Bellaman, president and CEO of Associated Builders and Contractors Inc. (ABC), issued a statement supporting the Unified Framework for Fixing Our Broken Tax Code released by congressional and administration leaders.
The Plumbing-Heating-Cooling Contractors Association (PHCC) was part of a select group of plumbing, heating, and cooling industry representatives who participated in a Sept. 14 meeting at the White House and discussed the importance of tax reform, infrastructure needs, and, most importantly, workforce development.
Long before President Trump was elected in surprise fashion in November, the House Ways and Means committee quietly put together a plan to modernize our tax system. It was published June 24, 2016, and is known as “A Better Way: Our Vision for a Confident America”, which is available online for review.
The Bureau of Labor Statistics (BLS) released its April jobs report, revealing that employment in the construction industry increased by 5,000 jobs (seasonally adjusted). While the economy added 211,000 jobs, total specialty trade employment contracted nominally, shedding 1,500 positions in April.
While many officials representing several leading HVACR industry associations applaud the Trump administration’s initial efforts on tax reform, they’re still actively lobbying in Washington on the industry’s behalf.
There is no doubt that we’ve come a long way from the 1990s, when there were very few people who knew the tax code and could fill out a paper IRS form properly. Now, technology is widely available, and many can create and file their own returns in a matter of hours and avoid any issues going down the road.
ACCA, the Indoor Environment & Energy Efficiency Association, applauds the introduction of bipartisan legislation that would permanently kill the onerous death tax. The Death Tax Repeal Act of 2017 was introduced this week by Sen. John Thune, South Dakota Republican, and by Reps. Kristi Noem, South Dakota Republican, and Sanford Bishop, Georgia Democrat.
Heating, Air-conditioning and Refrigeration Distributors International (HARDI) announced its 2017 initiative to repeal the federal estate tax. This year HARDI members will “Heat Up the Hill” to support South Dakota Republican Sen. John Thune and Rep. Kristi Noem’s Death Tax Repeal Act of 2017, S. 205 and H.R. 631.
On Jan. 6, the HVACR Industry Alliance sent a letter to Vice President-Elect, Mike Pence, outlining the industry's priorities and offering support to the incoming Trump administration in accomplishing the goals in the letter.