Articles Tagged with ''Taxes and HVACR''

Karen Madonia, chief financial officer of Illco Inc., Aurora Ill., recently spoke at a Capitol Hill press conference to announce the introduction of legislation to repeal the estate tax. 

The Air Conditioning Contractors of America (ACCA); Heating, Air-conditioning & Refrigeration Distributors International (HARDI); and 38 other national organizations “strongly urge” Congress to pursue comprehensive tax reform to lower rates on all forms of business income.

When you arrive home after your 12-hour work day, take a moment with your young child or grandchild. While bouncing that child on your lap, explain to them the power of hard work and the American dream. Tell them if they work hard, are innovative, and have the intestinal fortitude to take a risk they could one day be the owner of a multimillion dollar business that helps employ hundreds of grateful people. I would wait until the child is older to explain that if they want to pass that business on to the next generation, the United States government will grab 55 percent of the pie.

Members of Heating, Air-conditioning & Refrigeration Distributors International (HARDI) strongly believe Congress should repeal the current estate tax. To get their message across, more than 80 HARDI members used their annual Fly-In event to conduct nearly 200 meetings with congressional leaders, sharing that an increase in the estate tax could jeopardize the future of their businesses. What were the results?