Welcome to 2011: New Deals, New Faces
Originally published: 01.01.11 by Terry Tanker
Isn’t it funny how much things can change in three or four months?
Back in September, I wrote a column about planning for pending tax-code changes. Now, after mid-term elections and a change of power in Congress, President Obama and Congress have pushed through a new tax deal that keeps the current tax structure in place and is about 180 degrees away from what was proposed back then.
The new plan gives temporary relief in many areas I discussed in September, specifically: the Alternative Minimum Tax; the death tax — or as some of you corrected me — the Estate Tax; investment incentives; unemployment incentive; unemployment insurance and benefits; payroll tax reduction (for employees); and the most important for our industry — the energy tax incentives for energy efficiency (although, these have been reduced greatly).
Predictably, Republicans argued the deal did not go far enough, and Democrats continue to be incensed. One thing is certain — it’s virtually impossible to change people’s minds on the political front, especially with regard to how individuals and businesses should or should not be taxed. Seriously, have you ever won this discussion at a party or with a friend who had a totally different position than you? If so, count yourself lucky — as in “lottery lucky.” Individuals hold on tightly to their beliefs in this area.
Treasury Printing Error Costs $120 Million
My follow-up column in October centered on wasteful government spending — (and thanks to all of you who wrote in with examples you found in local, state, and federal budgets). One of the most recent examples just occurred at the Treasury Dept. And, since we know a thing or two about printing, we had to laugh and cry about the debacle over printing the new Benjamin Franklin $100 bills.
More than 1.1 billion $100 bills are being stored in two highly fortified government warehouses after printing problems left them unusable. Officials say a production error has left as many as 30% of the notes with a blank strip on their face, which only appears after they are pulled flat. The cost to print the notes was roughly $120 million, and the Treasury Dept. is now trying to design and build a machine that can identify the faulty $100 bills and separate them from the correctly printed ones.
Sorting them by hand would take workers between 20 and 30 years, they estimate, whereas a mechanical system would complete the task by 2012.
Odds and Ends
We have a new columnist joining us, Charles McCrudden, vice president of government relations at the Air Conditioning Contractors of America. He contributes the first of four columns this month. Charlie will be updating readers on legislative and regulatory happenings in Washington, D.C., that will have an impact on the hvacr industry, and more specifically on hvacr contractors. We hope you enjoyed the Best of 20 Questions on Leadership in December. Based on your input, we may make it a regular edition to our December line up. So, please give us your thoughts and respond to me directly at firstname.lastname@example.org.
As you are wrapping up loose ends from 2010, please take three minutes to renew your subscription at www.hvacrbusiness. com. Go to our subscription center button on the left side of our home page. It will help if you have your printed copy with you. You’ll need your HVA number. (see label) And don’t forget: We publish a digital edition for those of you who want our issue via computer or mobile device.
Although full access to our digital edition has been open to anyone thus far, starting this month, only subscribers to the digital edition will have full access. You can become a digital subscriber when you renew your subscription by simply checking the digital subscription button instead of the print subscription button. (It’s the second question we ask!)
Articles by Terry Tanker
20 Questions In Memory of Jack Hutchinson
It is with heavy hearts that HVACR Business announces the sudden passing of Jack Hutchinson, Vice President of Sales, on March 13, 2014.
HVACR Business Publisher Terry Tanker collected memories from those who knew him well to create this month’s 20 Questions column.
Winners and Losers
20 Questions with Tony Petrolle
HVACR Business Publisher Terry Tanker sat down with Tony Petrolle President of Gaithersburg Cooling & Heating (GAC), Bryant’s 2013 Dealer of the Year award winner. The two discussed acquiring a company, assembling the right team, and the development of a quality assurance team to provide employees with the best work environment and customers with the best products, service and support.
20 Questions with Mike Reilly, President and Owner, EWC Controls
HVACR Business Publisher Terry Tanker met with Mike Reilly, president and Owner of EWC Controls, to discuss manufacturing, family businesses, and how his company can help provide contractors solutions to customer problems.
Common sense – it’s simply knowing the difference between right and wrong. It entails a personal and subjective process of analyzing a situation and finding a solution that works. For most people I think it’s their first instinct, the rational thing they would do without giving the situation a thought. Again, I said for most people.