ameri resources


Need an office in metro Detroit, Alabama or Toronto? Office suites, meeting rooms, virtual offices, network access




free downloads
USA: "U.S. Small Business Tax Index 2016 - Report"

USA: "U.S. Small Business Tax Index 2016 - Report". 29-page report by Small Business Council.

proceed to download
eJournals





back to index backAMERItalk June,  2017


Auto Dealers: Border Adjustment Tax Will Hurt Dealers and Customers

AIADA Responds to House Ways and Means Hearing on Capitol Hill.

America's 9,600 international nameplate automobile dealers today reinforced their opposition to a border adjustment tax as the House Ways and Means Committee held a hearing on the proposal. The American International Automobile Dealers Association (AIADA)—whose members employ 577,000 Americans and accounted for 59 percent of all U.S. retail vehicle sales last year—today issued the following statement from President Cody Lusk:

"This hearing raised concerns about the impact that the border adjustment tax will have on middle class American consumers, who will be forced to foot the bill for a corporate tax cut. While America's international nameplate dealers fully support federal tax reform efforts, they are deeply opposed to the border adjustment tax provision, which will drive up the cost of every vehicle on their lots and ultimately impact the price customers pay for reliable, safe transportation by an average of $2,000 per vehicle. We continue to urge Congress to abandon the border adjustment tax in favor of pro-growth policies that will help, rather than hinder American businesses and the customers they serve," said Lusk.

Today's hearing is part of plans by the House of Representatives to take up tax reform in the coming weeks. AIADA has advocated against a border adjustment tax due to its impact on dealers and consumers.

A recent study by the Center for Automotive Research (CAR) estimates that U.S. light vehicles would be immediately impacted by 5.6 percent following implementation of a border adjustment tax, resulting in a $34.6 billion overall cost to U.S. consumers.

For more information on how a border adjustment tax would impact America's international nameplate dealers, visit http://www.aiada.org/bat.

Source: AIADA - GAI



previous page

go top
search our site


Loading

AMERItalk

Other articles from the same issue (June,  2017).

The Future of High Tech Patent Litigation in the Auto Industry
play read on

UAW Focuses on Safety in Tesla Organizing Effort
play read on

Auto industry growth strategies: Fasten your seatbelts
play read on

Trade Policy in the First 100 Days: Implications for Automakers and Suppliers
play read on

Autos: North America Build Still Seen Above Expectations in Q2 2017 (download report)
play read on

Trucks: North America Rebound May Be Set to Slow (May 2017 download report)
play read on

New Materials/New Skills for Automotive Skilled Trades
play read on

Auto Dealers: Border Adjustment Tax Will Hurt Dealers and Customers
play read on

Report: 288,000 American Workers in 48 States are Building Technology for Cleaner Cars Today
play read on

Report: 'Clean Diesel' Cars Fade in US
play read on

Compliance Grows Up: Increasing Budgets and Board Access Point Toward Greater Prominence, Independence
play read on

"Shifting" Away From Hourly Pay ... Be Aware of Potential Pitfalls
play read on

Industry 4.0 and the digital twin
play read on

The 3-D Printer That Could Finally Change Manufacturing
play read on

Canadian manufacturing sector falling behind in digital production revolution, says BDC
play read on

What American Manufacturers Can Learn From Henry Ford
play read on

U.S. Supreme Court Limits Jurisdiction in Patent Cases
play read on

U.S. Tax Compliance Toughens for Intercompany Transactions
play read on

America’s declining mobility has millennials feeling stuck
play read on

Understanding the great potential of Chinese investment in the US
play read on

Americans Believe Manufacturing Industry Critical to Country’s Prosperity
play read on

Middle Market Manufacturers: Surprisingly Suited to Capitalize on IoT Advantages?
play read on

How tenant incentives are reshaping the U.S. office market
play read on

Email Outside of Working Hours Not a Burden to US Workers
play read on

TSA offers advice for passengers before summer travel season
play read on

Silver Tsunami Washing Over the U.S. Workforce
play read on

Lack of Workers, Not Work, Weighs on the Nation’s Economy
play read on

Corporate Tax Reform to Have Positive, Domino Effect on U.S. Industrial Economy
play read on

Failed Workplace Drug Tests Reach 12-Year High
play read on

TaxNewsFlash-United States
play read on

Tennessee DOR Explains New Law Permitting Manufacturing Companies to Elect Single Sales Factor Apportionment
play read on

NLRB: Nonunion Employees Do Not Have A Right To A Co-Worker’s Presence During Investigatory Interviews
play read on


Our Free eJournals
GlobalAutoExperts

To visit GlobalAutoExperts Directory, click here.


©2008 GlobalAutoIndustry.com | HCI Group, Ltd.
101 West Big Beaver Road, Suite 1400 | Troy, MI 48084 USA
USA Tel: +1.248.687.1060 | USA Fax: +1.248.927.0347
Fax UK: +44.(0)845.127.4765 | Fax Europe: +31.20.524.1659 | Fax Asia: +852.3015.8120