Subject:
Hire Act
To:
Rep. Chet Edwards
October 22, 2009
Dear Member of Congress
As a constituent and/or company located in your district, I write to ask your assistance in protecting our company and American jobs during the current economic crisis.
The Home Improvements Revitalize the Economy Act of 2009 (the HIRE Act) would provide consumers and businesses tax deductions and credits to offer relief to middle and low income families for the purchase of home furnishings and building products used to improve their homes.
During the current economic downturn, home repairs and upgrades have been dramatically curtailed. This has had a significant impact throughout the U.S economy, and in particular, to the home furnishings and building products sectors. These industries have experienced a steep decline in sales, job losses, and other financial hardships. The HIRE Act is a temporary, timely, and targeted effort to put money in the hands of consumers and help them improve the value of their homes by incentivizing the purchase of home furnishings. These purchases will also help to save and stimulate the manufacturers, distributors and retailers of these products.
The home furnishing and building products industries:
• have lost $67 billion in economic value from 2007 to 2008
• are expected to lose another $74 billion from 2008 to 2009
• lost 273,000 American jobs in 2008 and are expected to lose 299,000 jobs in 2009
For 3 years (2009 - 2011), the HIRE Act would:
• provide a tax deduction of up to $2,000 per family ($1,000 per individual) for the purchase and/or installation of qualifying home furnishings or building products for families making up to $300,000 a year ($150,000 for individuals)
• provide a tax credit of up to $500 per family ($250 per individual) for the purchase and/or installation of qualifying home furnishings or building products for low income families and individuals
• provide a tax credit of up to $10,000 for contractors and retailers for the purchase of qualifying home furnishings or building products for resale
• provide a doubling of the applicable tax deduction or credit for the purchase and/or installation of qualifying home furnishings or building products which meet recognized environmental standards
I ask that you sign on as a cosponsor of the HIRE Act, to do so please contact Congressman
Johnson's office at 225-1605.
Crowley , TX
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