In an email to members, the National Lumber and Building Material Dealers Association (NLBMDA) announced that it has sent a letter to Congressional Leadership and other key Senators reiterating its opposition to tax increases in any future budget reconciliation bill and highlighting other legislative priorities of the LBM industry, including:
- Oppose all tax increases on LBM dealers;
- Oppose provisions from the Protecting the Right to Organize (PRO) Act;
- Oppose unreasonable increases to OSHA fines;
- Oppose expansion of the Family Medical Leave Act (FMLA);
- Prioritize workforce development initiatives; and
- Prioritize the Low-Income Housing Tax Credit and affordable housing.
“Following the failure of President Biden’s $1.7 trillion Build Back Better Act proposal last year, Senate Majority Leader Chuck Schumer (D-NY), Sen. Joe Manchin (D-WV) and other Democratic members of the Senate have been in negotiations regarding a new path forward on a scaled-down budget reconciliation bill before the midterm election. The budget reconciliation process allows Democrats to bypass a Senate filibuster by Republicans and pass tax and spending legislation with a simple majority vote in each chamber of Congress,” NLBMDA said to members.
NLBMDA remains proactive in engaging Congress on the negative impact new tax increases would have on LBM dealers in this time of economic uncertainty and supply chain challenges. NLBMDA says it will keep members updated on any new budget reconciliation developments in Congress. For any questions, contact NLBMDA at email@example.com.