Congressman David Kustoff (R-Tenn.) is confirmed as Roofing Day in D.C. keynote speaker
Congressman David Kustoff (R-Tenn.) is confirmed as the congressional keynote speaker for Roofing Day in D.C. Kustoff represents West Tennessee’s 8th Congressional District and has served in numerous political and government roles in Tennessee, including chairman of both Bush/Cheney presidential campaigns. As U.S. attorney for the western district of Tennessee, he fought government corruption and oversaw the Tennessee Waltz trials, a landmark public corruption case in the state. He also sat on the Tennessee Higher Education Commission before being elected to Congress in 2016.
Kustoff serves on the powerful House Ways and Means Committee and was an original co-sponsor of the Main Street Tax Certainty Act in the 117th Congress, one of NRCA’s top advocacy issues for Roofing Day in D.C. 2023.
There still is time to join other roofing professionals as we gather on Capitol Hill April 18-19 to discuss the critical issues facing your companies and the roofing industry. To register and view the full itinerary, please visit www.nrca.net/roofingday.
Sen. Thune reintroduces the Death Tax Repeal Act
This week, Sen. John Thune (R-S.D.) reintroduced the Death Tax Repeal Act to permanently repeal the estate tax. NRCA, as a member of the Family Business Estate Tax Coalition, joined a letter supporting this important bill.
Historically, the Family Business Estate Tax Coalition has supported increased estate tax exemption thresholds indexed for inflation, permanent lower tax rates, and provisions for spousal transfer and stepped-up basis. Additionally, the coalition supported the temporary estate tax relief in the Tax Cuts and Jobs Act, which doubled the exemption to approximately $12.9 million for tax year 2023 and indexed future increases for inflation through 2025.
These changes represent significant relief to family-owned businesses from the estate tax. However, without further congressional action, the temporary increase in the exemption amount will expire at the end of 2025, increasing uncertainty and planning costs. Although the Family Business Estate Tax Coalition supports making the estate tax provisions of the Tax Cuts and Jobs Act permanent, the coalition continues to believe repeal is the best solution to protect all family-owned businesses from the estate tax.
NRCA supports the Lower Energy Costs Act
On March 22, NRCA sent a letter of support for H.R. 1, the Lower Energy Costs Act. This legislation seeks to unleash U.S. energy and streamline the often-cumbersome permitting processes. We are hopeful these efforts will have a ripple effect throughout the economy and allow our members to grow their businesses, increase employee wages and make the cost of goods and services more affordable. The legislation passed the House today with bipartisan support.
