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Coronavirus Government Response Update—Reps Pen Op-Ed Supporting Clean Start Tax Credit

June 30, 2020 Coronavirus Government Response Update—Reps Pen Op-Ed Supporting Clean Start Tax Credit

Welcome to the Coronavirus Government Response Update. This information is intended to keep ISSA members up to date on fast-moving government affairs related to the COVID-19 pandemic, as well as other public policy issues important to the cleaning industry. Today’s update touches on Representatives LaHood and Murphy’s op-ed referencing ISSA, a higher-than-expected jump in consumer confidence, and more.

The Hill Op-ed: Congress Should Pass Clean Start Tax Credit
In an op-ed encouraging Congress to pass the Clean Start Tax Credit, Representatives Darin LaHood (R-IL) and Stephanie Murphy (D-FL) reference ISSA. “The Worldwide Cleaning Industry Association estimates that cleaning costs associated with COVID-19 will be at least 50% higher than they were prior to the pandemic,” the representatives stated. “This figure could be even higher for certain businesses with a greater risk of exposure or a higher percentage of at-risk individuals. Given the financial hardship many businesses are currently facing, we’ve proposed to offer them a temporary tax credit through March 2021 to help offset the increased costs of cleaning and disinfecting their workspaces.”

U.S. Consumer Confidence for June Higher Than Expected
The Conference Board’s consumer confidence index rose to 98.1 for the month, surpassing the 91 economists predicted as well as the 85.9 May rating. “The re-opening of the economy and relative improvement in unemployment claims helped improve consumers’ assessment of current conditions,” said Lynn Franco, senior director of economic indicators at The Conference Board. “Economic conditions remain weak,” she warned. “Looking ahead, consumers…do not foresee a significant pickup in economic activity,” citing uncertainty, an uneven path to recovery, and a potential coronavirus resurgence.

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