The World Floor Covering Association (WFCA) has released an analysis of potential policy changes the floorcovering industry could anticipate with President-Elect Donald Trump's new Administration. Working with lobbying partner Jones Walker, the organization highlighted several key areas of focus:
Tax Policy: The association plans to focus on protecting and potentially expanding the Qualified Business Income Deduction (QBID) for LLCs and S-corporations, which is set to expire in December 2025.
Trade: WFCA indicates it will monitor potential changes to import policies regarding China and any renegotiation of the United States-Mexico-Canada Agreement (USMCA) that could impact material costs for flooring retailers and contractors.
Immigration: The organization reports working with Congressional members to develop immigration programs that address labor needs in the flooring industry, particularly given the potential for increased workplace enforcement and I-9 audits.
Regulations: WFCA plans to continue monitoring and providing input on proposed changes to overtime rules, independent contractor classifications, and enforcement policies at agencies including OSHA, EPA, and EEOC.
Workforce Development: The association affirmed its commitment to promoting investment in the training and development of skilled flooring installers through various initiatives and apprenticeship programs.
The WFCA said it would continue advocating for member interests through its lobbying efforts.