Manufacturing Execs Ask Congress to Extend Tax Credits
A number of window, door and skylight executives sent a joint letter yesterday to all members of Congress urging them to pass a temporary extension of the energy efficient tax credit for windows, doors and skylights during the current lame duck session. Without an extension, the tax credit will sunset on December 31.
The letter states that the current credit has spurred consumer purchases that have allowed the companies to retain or add back lost jobs during the recession, while successfully encouraging consumers to purchase more energy-efficient products. It was signed by top executives from Andersen Corp., Gorell Windows & Doors, Hurd Window & Doors, Jeld-Wen Inc., Karona Inc., Marvin Windows & Doors, MI Windows & Doors, Milgard Windows & Doors, Pella Corp., Schield Family Brands, Sierra Pacific Industries, Simonton Windows, Therma Tru Doors and Velux America.
"We are deeply concerned that the loss of this incentive before the housing market recovers would lead to substantial job loss in the manufacturing sector," the executives write. "In the absence of significant new home construction over the past two years, the residential remodeling activity spurred in large part by the 25c credits has been critical to maintaining our economic vitality."
"We constantly hear from manufacturers how critical these tax credits have been to weathering the housing recession," says Michael O'Brien, president of the Window & Door Manufacturers Association. "It has been demonstrated time and again how these tax credits have saved or created jobs while also allowing the consumer to lower their energy consumption with energy efficient products. Let's hope Congress not only hears them too, but actually acts on their reasonable request for a temporary extension that has proven its worth."
Extension of the tax credits, passed as part of the 2009 American Recovery and Reinvestment Act, may be considered as part of a broader tax bill the could include extension of the Bush tax cuts and the extension of other tax credits. The Window & Door Dealers Association has also pushed for an extension of the credit, meeting with Senate staff members in November, and promoting a letter-writing campaign of its own.