John Swanson, editor & associate publisher of Window & Door
Tax credits for homeowners buying energy efficient windows and
doors, passed as part of 2009's stimulus package, will expire at the
end of this year. As you'll see in our top news story this week, the
Window & Door Dealers Alliance is
lobbying to get those tax credits renewed for 2011 and beyond. A
number of WDDA representatives met with Senate staffers last week to
make the case.
"Going into December and January without a
tax credit in place could mean huge layoffs and the closing of some
businesses," says David Sakin of Premier Windows & Building, one of the dealers who participated.
"In the spring of 2010, I was finally able to rehire full-time most of
my employees that had been cut back since November 2008. I anticipate
cutting back or laying off again without a tax credit as incentive for
Now I have heard a number of people comment on
the potential impact of the end of the current tax credits, but quite
frankly, I had not heard someone predict that it could mean a
resurgence in layoffs. Do you see that happening at your company if
tax credits expire? That's our poll question of the week. And, of course, I'd like to hear from you. How do you think the end of tax credits will impact the industry? Will the impact be huge? Will it be short-term or long-term? Post a comment or email me to share your thoughts.