GNYADA November 2017 Newsletter

NADA Director’s Column Nationwide dealers promote tax reform at D.C. conference / Emergency relief donations still needed

by Bob Vail, Vail Buick GMC, NADA Director Metro New York

state franchise law; Stopping a proposed Senate bill that would ground the sale of all used vehicles with open recalls; and, Restraining the Consumer Financial Protection Bureau’s regulatory authority over dealer- assisted financing. The Representatives we met with are very familiar with the great organization we represent, have been to our Center for Automotive Education and Training, and know our legislative priorities. We gave each of them copies of the latest Economic Impact report and offered to provide any additional information they required. Meanwhile, NADA has collected over a million dollars in donations to help those who have been affected by this brutal hurricane season. At the current rate of requests for aid relief, it appears that another two million dollars is needed. To meet this building demand, NADA Chairman Mark Scarpelli has asked every NADA dealership to make a $1,000 donation to NADA’s Emergency Relief Fund. I encourage dealers to donate by visiting: nada.org/emergencyrelief n n

The NADAWashington Conference gave franchised new car dealers and association executives from around the country an opportunity to hold face-to-face meetings with their representatives in the U.S. Senate and Congress. Dealers shared first-hand details about conducting business in their regions and informed legislators about pressing matters facing the retail automotive industry. Throughout the discussions, dealers focused primarily on the need to implement pro-growth tax reform, addressing the following provisions in particular: Maintaining the LIFO inventory accounting method; Eliminating estate taxes; and, n n

Creating lower personal rates on income from pass-through entities. On behalf of GNYADA, I was joined at the conference by fellow Board Member Lou Giordano, NextGen Committee members Aaron Berg, Jordan Daiagi Harary, and Julian Windfield, and Association staff. Our schedule included meetings with local Representatives Tom Suozzi, Kathleen Rice, Lee Zeldin, and Peter King. In addition to promoting the above tax reforms, conversations touched on several federal-level dealer issues: Ensuring that legislation allowing OEMs to deploy highly automated vehicles, without meeting existing safety standards, does not preempt n n

Greater New York Automobile Dealers Association • www.gnyada.com

The Newsletter • November 2017

4

Made with FlippingBook flipbook maker