July was a month of collaboration as our TRI Lobbyist, Craig Brightup worked behind the scenes in supporting initiatives that affect our members and the roofing industry.
UPS-Teamsters Contract Negotiations The TRI Alliance worked with the U.S. Chamber-led collation to draft a letter that TRIA signed urging the White House to help both parties reach an agreement before the August 1 deadline, which they did. Expiring Tax Breaks In 2017, congressional Republicans passed the Tax Cuts and Jobs Act (TCJA) using budget reconciliation to avoid a Senate filibuster and 60-vote threshold, but beneficial tax breaks for TRIA members had to be temporary to meet reconciliation rules. Examples include the IRC Sec. 168(k) Bonus Depreciation Deduction of 100% for qualifying property that dropped to 80% this year and phases out in following years, or the Qualified Business Income Deduction (Sec. 199A) allowing S corporations, LLCs, partnerships and sole proprietorships to deduct 20% of their income through 2025. Individual tax breaks expire at the end of 2025, too, so the House Ways & Means Committee passed three bills on June 13 to extend the TCJA’s provisions under the banner “American Families and Jobs Act.” This is the first major step in a process that will likely be determined by the 2024 election. Main Street Tax Certainty Act On July 18, Rep. Lloyd Smucker (R-PA) introduced the Main Street Tax Certainty Act to make permanent Sec. 199A’s deduction for pass-through businesses. Over 80 cosponsors joined Smucker including Democrats Henry Cuellar (TX) and Josh Gottheimer (NJ), and all 25 Republicans on Ways & Means. The The TRI Alliance signed one to a letter of support for this companion to Sen. Steve Daines’ (R-MT) bill with 160 other trade associations. Notes from the U.S. Chamber’s Labor Relations Committee Meeting on July 26:
Electronic Injury and Illness Reports to OSHA On July 17, OSHA announced a final rule for electronically submitted injury/illness recordkeeping reports that’s effective Jan. 1, 2024, and requires establishments with 100 or more employees in high-hazard industries to submit information from Forms 300 and 301 in addition to the Form 300A Summary of Work-Related Injuries and Illnesses. OSHA intends to post this data on its website for public review. House Labor-HHS Appropriations Bill On July 14, the House Appropriations Subcommittee on Labor, Health and Human Services approved an FY24 Labor-HHS appropriations bill. The bill is $60.3 billion (29%) below FY23’s enacted level and $73 billion below the President’s Budget Request. It eliminates 61 programs and reduces funding for 54 other programs. DOL’s budget is cut $4 billion below FY23’s level and agency budgets including OSHA’s are cut by 18%. The bill also reduces funding for the National Labor relations Board (NLRB) by 33%, and its policy riders prohibit funds from being used for DOL’s Independent Contractor rule and NLRB’s joint-employer rule. For more information on our TRI Alliance government relation efforts, or to learn more about joining our TRI family, please visit us at www.tileroofing.org, or email us at [email protected]
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