Sen. Daines reintroduces the Main Street Tax Certainty Act
On May 18, Sen. Steve Daines (R-Mont.), along with 14 original co-sponsors, introduced the Main Street Tax Certainty Act, a key Roofing Day in D.C. 2023 advocacy priority.
This legislation would prevent rate hikes on the U.S.’ individually and family-owned businesses by making permanent the Section 199A 20% deduction, which was created by the Tax Cuts and Jobs Act but expires at the end of 2025. More than 140 trade associations representing millions of Main Street businesses, including NRCA, sent a letter of support of its introduction.
Individually and family-owned businesses organized as pass-throughs are the backbone of the U.S. economy. They employ the majority of private-sector workers and represent 95% of all businesses. In fact, roughly two-thirds of NRCA members are organized as pass-through entities. They also make up the economic and social foundation for countless communities nationwide. Without these businesses and the jobs they provide, many communities would face a more uncertain future of less growth, fewer jobs and more boarded-up buildings.
Department of Housing and Urban Development announces preliminary determination and solicitation for comments
Recently, the Department of Housing and Urban Development announced the Preliminary Determination and Solicitation of Public Comment of Minimum Energy Standards for HUD and Department of Agriculture Financed Housing. The public comment period is open from May 18 to July 17. Information about submitting public comments can be found in the Federal Register.
Additionally, HUD will host three listening sessions for interested members of the public and stakeholder groups to provide their comments. All content presented in each session will be the same.
Listening Session 1—Elected officials and government representatives (June 1, 3 p.m.-4:30 p.m. EDT)
Listening Session 2—Environmental and energy representatives and the general public (June 6, 3 p.m.-4:30 p.m. EDT)
Listening Session 3—Single-family and multifamily financing and building industry representatives (June 8, 3 p.m.-4:30 p.m. EDT)
ROOFPAC needs your help to finish the fiscal year strong!
NRCA’s fiscal year ends May 31, and we are asking all members to consider a personal donation to ROOFPAC, NRCA’s political action committee and the voice of the roofing industry on Capitol Hill. A strong ROOFPAC is critical to NRCA’s work advancing pro-growth economic policies, career and technical education, reasonable immigration reform and more! NRCA members can contribute any amount up to $5,000 annually online or by mail, email or fax.
You also can join a ROOFPAC club that offers exclusive benefits and recognition: Emerging Leaders Club: $250; Capitol Hill Club: $1,000; Political Insiders Council: $5,000.
Questions? Contact Teri Dorn, NRCA’s director of political affairs, at (202) 510-0920 or tdorn@nrca.net.
