Border security negotiations continue in Congress
Negotiations continue among key senators to craft a bipartisan deal to strengthen border security as part of a broader bill to provide funding for Israel, Taiwan and Ukraine. The discussions are focused primarily on the scope of eligibility under asylum laws, humanitarian parole programs and the possibility of expedited work permits for certain migrants, with the goal of reducing record levels of migration at the U.S. southern border. Some reports indicate progress is being made while others indicate there are still many details to be worked out. Also, if a deal passes the Senate, House Republicans have indicated they will not accept any border security deal that does not include the Secure the Border Act (H.R. 2), legislation passed in the House in 2023 on a straight party-line vote. H.R. 2 is a nonstarter in the Senate. To further complicate matters, on Jan. 24, Senate Republican Leader Mitch McConnell (R-Ky.) said the time for a border security and immigration deal may have passed as former President Trump, fresh off primary wins in Iowa and New Hampshire, has made it clear he does not favor Republicans cutting a deal with President Biden because it would take a key campaign issue off the table in the general election.
Registration for Roofing Day in D.C. 2024 is open!
Join us April 16-17 in Washington, D.C., for the largest advocacy event dedicated solely to the roofing industry.
Each year, roofing professionals meet with members of Congress on Capitol Hill to discuss the critical issues facing their companies and the roofing industry. Our priority issues this year will focus on solutions to workforce shortages and pro-growth tax reform.
Roofing Day in D.C. features expert speakers and panelists to inform and inspire attendees ahead of meetings with members of Congress and their staffs. As always, attendees will have ample opportunity to network and connect with fellow professionals, and we encourage you to bring key employees to the event. To view our draft itinerary, book your hotel and register, visit www.nrca.net/roofingday.
Tax Relief for American Families and Workers Act passes committee
On Jan. 19, the House Ways and Means Committee passed the bipartisan Tax Relief for American Families and Workers Act, legislation led by Chairman Jason Smith (R-Mo.) and Senate Finance Chairman Ron Wyden (D-Ore.). This bill restores various expired business provisions and provides an enhanced Child Tax Credit, among other items, and could receive a vote next week on the House floor.
This legislation will:
- Expand/restore research and development expensing, interest deductibility and 100% bonus depreciation for qualified property
- Provide an enhanced Child Tax Credit that provides inflation relief and eliminates the penalty for larger families
- Include permanent small-business expensing
- End the Employee Retention Tax Credit program early to pay for the previously listed provisions
Under current law, taxpayers can claim a COVID-related Employee Retention Tax Credit until April 15, 2025. This section bars additional claims after Jan. 31, 2024.
NRCA supports this legislation and encourages swift passage by the full House.
View the committee press release and a section-by-section breakdown.
Support ROOFPAC at NRCA’s annual convention and the 2024 IRE
NRCA and National Women in Roofing will host “An Elegant Extravaganza on the Strip” Feb. 5 from 4:30-6:30 p.m. during NRCA’s 137th Annual Convention and the 2024 International Roofing Expo.® This cocktail reception and live auction will be held at the Eight Lounge located in Resorts World, where guests can bid on vacations, artwork and more. Register for this fun-filled event.
NRCA also will open its popular silent auction Jan. 31 featuring luxury items such as trips, jewelry and electronics to benefit ROOFPAC. Stop by NRCA’s booth, No. 6130, during IRE to view select items, and don’t miss our complimentary bar to close out the auction Feb. 7 from 2-4 p.m. Bids will be placed electronically; attendance at the convention and trade show is not required. NRCA is grateful for many generous sponsors who help underwrite the costs of these events so all proceeds may directly benefit ROOFPAC.
