Flooring Associations Support HIRE Act
August 17, 2009,
Four major flooring associations — Carpet and Rug Institute, National Wood Flooring Association, Resilient Floor Covering Institute and World Floor Covering Association — are backing the introduction of the Home Improvements Revitalize the Economy (HIRE) Act of 2009, or H.R. 3382, which is a bill that would create a tax deduction of up to $4,000 for consumers who purchase qualified building products and home furnishings.
“Many households lost wealth in this economic recession and are hesitant to make household purchases. Giving consumers an incentive to invest in their home is a down payment on the future and will create much-needed demand that will spark manufacturing and sales,” said Werner Braun, president, Carpet and Rug Institute.
The four flooring industry associations are members of the American Home Furnishings and Building Products Coalition, which is actively supporting the HIRE Act.