Poll results: Beware of the National Debt
The “Unified Framework for Fixing Our Broken Tax Code” has been published. Now the real work begins: hammering out all the details.
We don’t know exactly what some of the reforms will look like, but we know some things. The National Lumber and Building Material Dealers Association identified several themes last week.
HBSDealer asked readers if they had any concerts about what we now so far. Specifically, we asked:
“It’s still early, but what — if anything — concerns you most about the recently released Republican framework for tax reform?”
38% — Overall impact of tax reforms on the national debt.
31% — None of the above.
13% — Doubling the size of the standard deduction, thus reducing the incentive for itemized deductions (such as the mortgage interest).
11% — Reduction of the number of tax rates from seven to three.
6% — Reduction of the top tax rate from 39.6% to 35%.
About 100 readers participated. You can still take part here.
Industry veterans join executive recruiter
Schaffer Associates, the management consulting and executive search firm, announced two new recent staff additions. Dan Burns and Brian Hyder are new account executives for the Charlotte, N.C.-based company.
Burns’ background includes experience with Makita, Marshalltown, Goldblatt and Great Star Industrial. Hyder spent almost four years with Cameron and Barkley (now Vallen) in their lighting showroom, selling to national and local custom home builders.
During his time with Great Star Industrial, he served as the Goldblatt Product Manager, overseeing a major product line from design and production through distribution, sales, and marketing. He previously served in a management level with Marshalltown Company, overseeing a national sales team and building a client network with dozens of industry retailers nationwide. His work with Marshalltown was preceded by his time with Makita USA, where he first earned his industry credentials.
Hyder brings extensive experience in sales and business development from the building and home improvement products sector. Hyder’s success in the wholesale lighting and electrical sector allowed him to build relationships with manufacturers and suppliers, a network he now brings to Schaffer Associates. Hyder previously spent six years in the retail home improvement channel representing Masco.
Kyocera acquiring Ryobi power tool business
Kyocera Corporation, fresh off its summer acquisition of fastener and tool manufacturer Senco, revealed that it has completed an agreement to acquire Ryobi Limited’s power tool business.
Under terms of the deal, Kyocera is purchasing 80 percent of the business and will split the company into a separate power tool entity. The acquisition is expected to be completed by January 2018, Kyoto, Japan-based Kyocera disclosed in a press release.
“Kyocera has been focusing its efforts on diversifying and expanding sales of products from its core of indexable tools to solid carbide tools, woodworking tools, as well as power tools for the construction industry,” the company said.
The company also said, that by acquiring the power tool business from Ryobi, which has a strong market position in Japan and Asia encompassing a wide range of products with highly advanced technologies, Kyocera aims to take advantage of synergies with its relevant group companies in order to expand sales globally.
Kyocera had consolidated net sales of US$12.7 billion during the year ended March 31, 2017.