NARI: National Association of the Remodeling Industry
Find a Professional Remodeller
Find a National Supplier
Find a Chapter
The Voice of the Remodeling Industry

Members Only





Print PageEmail Page

Lawmakers must use caution if raising individual tax rates to solve fiscal cliff

Monday, November 26, 2012


FOR IMMEDIATE RELEASE                                                          

CONTACT:   Morgan Zenner or Nikki Golden

                        847-298-9200

                        marketing@nari.org


Lawmakers must use caution if raising individual tax rates to solve fiscal cliff

Many small businesses, including NARI members, file at the individual rate.

Des Plaines, Illinois, November 26, 2012 According to the National Association of the Remodeling Industry’s (NARI) Remodeling Business Pulse third quarter data, remodelers predicting a decline in activity over the next three months named uncertainty about the future as the top driver of the trend.

Remodelers and their customers are nervous about the fragile economy, and they are counting on politicians in Washington to come to an agreement on fiscal cliff issues that will help put America’s economy on track.

“Small business owners know that you can’t spend more than you are taking in,” says David Merrick, MCR, UDCP, chairman of NARI’s Government Affairs Committee and president of Merrick Design and Build Inc., based in Kensington, Md.  This feeling extends to all NARI members, who are small business owners and expect the government to make the same type of fiscally responsible decisions as they make in their businesses.

When Washington decides that some Americans need to pay higher taxes in order to reduce the deficit, they must be extremely sensitive to how changing tax rates impacts the individual rate. “Some politicians forget that the vast majority of small businesses file taxes at the individual rates,” Merrick says.

Research shows, eighty percent of NARI members file taxes at the individual rate. That includes 52 percent of members filing as S-Corporations. “Increases in individual tax rates will have a negative impact on the majority of NARI member businesses,” Merrick says.

NARI reminds politicians the significance of the small-business sector on the full economic recovery—with small businesses contributing more than two-thirds of the net new jobs in the past 15 years, it is in everyone’s best interest to make sure any rate hike does not negatively impact small businesses.

If you would like to see the Remodeling Business Pulse research in its entirety, please send your request to marketing@nari.org.

NARI is the source for homeowners seeking to hire a professional remodeling contractor because members are full-time, dedicated remodelers who follow a strict code of ethics that observes high standards of honesty, integrity and responsibility.

Visit the NARI.org site to get tips on how to hire a remodeling professional and to search for NARI members in your area.

# # #

About NARI: The National Association of the Remodeling Industry (NARI) is the only trade association dedicated solely to the remodeling industry.  The Association, which represents 7,000 member companies nationwide—comprised of 63,000 remodeling contractors— is “The Voice of the Remodeling Industry.”™ To learn more about membership, visit www.NARI.org or contact national headquarters, based in Des Plaines, Ill., at (847) 298-9200.

Editor's Note: Please send your request for before and after photos of award-winning remodeling projects to marketing@nari.org or ask for Morgan Zenner at (847) 298-9200.

Back to List



Site Search:




Poll Question

What is the one thing holding you back from starting your remodeling project?

  • Not sure how we will pay for it
  • Overwhelmed by product choices
  • Unsure of who to hire
  • Not ready for disruption to life
  • Afraid contractor won't finish the job
  • Saving money so we can complete project of our dreams
  • Waiting until after the holidays


NARI Learning Center


Tradesperson of the year





Copyright ©2014 NARI, All Rights Reserved
NARI