NEWS

The Hardwood Federation is fighting to support the hardwood industry and our businesses. Recent comments submitted endorsed the tax package that would restore 100% bonus depreciation of equipment, the depreciation and amortization interest deduction, and the R&D tax credit. The Hardwood Federation also pushed for continued estate tax flexibility and a permanent 20% small business deduction for pass-through entities.

What is the creepy name of these wood-eating mushrooms?

Answer: Dead man’s fingers (Xylaria polymorph).

PHOTO © MATT KASON
Read more: Creepiest Fungus In The Forest →

Cabinetworks has filed a notice with the Pennsylvania Department of Labor & Industry that it will officially close its assembly plant in Delaware Township because of declining multi-family direct sales business. Layoffs, set for December, will affect 420 people.

DHA allies, including the Hardwood Federation and Forest Resources Association, signed a letter to the House Ways & Means Committee's Rural America Tax Team in support of estate tax reform. The letter urges Congress to maintain a stepped-up basis for calculating estate tax, which is critical for the continuation of family businesses. The letter also urges Congress to maintain the $13.61 million per person enhanced estate tax exemption, set to sunset in 2025.

In 1960, the U.S. Congress set the third week of October as National Forest Products Week. The purpose: to celebrate forest products and the industry values of responsibility, sustainability, and community. Forest products are naturally sustainable and store carbon, which helps fight climate change.