Content about Public finance

July 2, 2012

A proposed 1% additional sales tax on selected lumber products that was part of Governor Jerry Brown’s attempt to close a state budget gap has been dropped, much to the relief of California LBM dealers. The tax pitted retail lumber sellers against lumber producers by shifting fees the timber industry currently pays to its customers.

February 6, 2012

Fastener maker Simpson Manufacturing Co. reported net sales of $130.7 million for its fourth fiscal quarter of 2011, a 9.3% increase over sales of $119.6 million for the same quarter of 2010. The Pleasanton, Calif.-based  company had income, net of tax, of $4.9 million for the fourth quarter of 2011 compared to a loss, net of tax, of $4.5 million for the fourth quarter of 2010.

November 7, 2011

Taxation nation
[The following are responses to an HCN Daily item about Herman Cain’s 9-9-9 tax plan, built around a 9% business tax, a 9% individual tax and a 9% national sales tax. It would also eliminate the mortgage interest deduction.]

August 2, 2011

EPA lead rule suffers setback

“There is no need for a better ‘test kit,’ as highly reliable and affordable X-Ray Fluorescence technology has been in use for decades. There are many consultants who have XRF machines, and lead inspections are inexpensive. XRF testing produces no damage, while ‘test kits’ and chip sampling involves producing widely scattered damage (12 to 15 sample locations for a typical room in a house).


June 6, 2011

Winchester, Va.-based American Woodmark Corp., a manufacturer of kitchen cabinets and other home products, reported sales increases for the fourth quarter ended April 30, as well as the full year. But earnings declined.

In the fourth quarter, the company reported a 10% sales gain to $124.2 million, up from $112.4 million in the same quarter last year. For the full year, sales increased to $452.6 million, up 11.3% from $406.5 million in the prior year. 

May 25, 2011

Luxury home builder Toll Brothers reported a net loss of $20.8 million for its second fiscal quarter, which ended April 30, compared with losses of $40.4 million in the same quarter in 2010.

February 10, 2008

How would this sound for a stump speech on the presidential campaign trail: “As president,...