The Hardwood Federation produces a “D.C. Cheat Sheet” publication to maintain the business up-to-date on the newest information from Washington D.C. Try the June twenty ninth version under and join to obtain your copy.
Congress Returns to the States for the Fourth
As Congress breaks for the Fourth of July Recess till the week of July 10, be looking out in your federal lawmakers as they make the rounds of parades and barbecues. Within the occasion you see your elected officers, be sure you echo the Hardwood Federation’s key “asks” pushed dwelling in the course of the June Fly-In:
- Farm Invoice – Congress ought to create a grant program educating the general public about the advantages of hardwood merchandise, particularly recognition of the carbon seize worth of hardwood merchandise in USDA’s carbon accounting packages.
- Taxes – Congress should make everlasting 100% expensing of commercial tools and the 20 % deduction for small enterprise. Congress also needs to restore full deductibility of enterprise bills.
- Transportation – Congress should move a “provide chain bundle” that creates flexibility for truck weights, grows the dwindling pool of trucker drivers, and expedites implementation of ocean transport reforms.
USFWS Proposes to Tighten ESA Guidelines
On June 21, the USFWS proposed three modifications to ESA requirements in an try to handle what the company describes as weakened protections carried out by the earlier administration. The proposals search to:
- Specify that the company might not think about financial impacts when making reclassification, itemizing and delisting choices
- Reinstate the blanket 4(d) rule whereas retaining the choice for the Service to undertake a species-specific 4(d) rule
- Revise the interagency session course of
The Hardwood Federation is getting ready feedback on the proposals, that are due in late August.
Home Tax Package deal Strikes to Entrance Burner
When the Home Methods and Means Committee handed a tax bundle on June 13, it launched laws that serves as a car for among the hardwood business’s prime priorities. Included within the combine are provisions that reach full expensing of apparatus by the top of 2025 and restoration of enterprise curiosity deductibility, recognized in accounting-world as Earnings Earlier than Curiosity, Depreciation and Amortization (EBITDA), additionally by 2025. Home leaders hope to maneuver the bundle to the Home ground earlier than the August recess.
Supply: Hardwood Federation