HARDI Signs Letter Highlighting Benefits of Working Families Tax Cut Act

HARDI recently joined a broad coalition of national trade associations and business groups in celebrating the passage of the Working Families Tax Cut Act, underscoring the importance of tax policy that sustains investment and competitiveness across industries.

The Working Families Tax Cut Act was designed to prevent a significant, across-the-board tax increase on businesses and workers while extending and restoring several key provisions originally enacted under the Tax Cuts and Jobs Act. The legislation makes lower individual and pass-through tax rates permanent, preserves the Section 199A deduction for qualified business income, and reinstates pro-investment policies that had begun to phase out. Together, these measures aim to provide long-term certainty, encourage capital investment, and support job creation.

The letter, led by the Main Street Employers Coalition, emphasized the stakes of inaction had the tax hike gone into effect. Without legislative intervention, pass-through businesses would have faced a substantial tax increase, despite employing a majority of private sector workers and generating a significant share of business income in the U.S. economy.

For industries like HVACR distribution, where many businesses operate as pass-through entities, these provisions are operational necessities. Maintaining rate parity with C corporations and preserving the ability to deduct qualified business income directly impacts how distributors allocate capital, manage margins, and plan for growth.

The coalition also reiterated the importance of restoring investment incentives. Policies like full expensing and bonus depreciation help shape whether companies can modernize operations, expand facilities, and invest in new technologies.

HARDI’s decision to sign onto the letter reflects its continued focus on policies that enable distributor success and supply chain resilience.

Questions?

If you have questions, please reach out to Alex Ayers.

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