‘99 AUTO CONGRESS TARGETS TAX, TARIFF ISSUES We Need Your
Support in Washington, May 17-18Make your plans now to be
in Washington, D.C. May 17-18 for AIADA's 22nd annual American
International Automotive Congress. The largest lobbying event in our
industry, the Automotive Congress offers you an important opportunity to
make your voice heard on Capitol Hill. There are three key issues topping
AIADA's lobbying priority list this year:
Estate (Death) Tax. Estate or death taxes can be a death
sentence for family-owned automobile dealerships. The tax requires heirs
to pay up to 55 percent of the estate's total value in cash to the federal
government. AIADA is working to eliminate this burden on automobile
dealers and their families. To date, 153 Members of Congress have
cosponsored legislation to phase out the death tax. We need you to urge
additional congressional support in both the House and Senate.
Luxury Tax. The auto luxury tax is on schedule to be phased out
by 2003. However, as long as this tax is on the books, that could change.
Just last month, Senate Budget Committee Chairman Pete Domenici (R-NM)
recommended extending the luxury tax to offset the cost of other tax cuts
in his Fiscal Year 2000 Budget Resolution. AIADA and our dealers members
successfully rallied to eliminate the proposal, but dealers must
continually remind Congress of the harmful impact of the tax and the need
for its elimination on schedule if not sooner.
Chicken Tax. On the books since 1963, the Chicken Tax is a 25%
duty levied against imported pickup trucks as a results of a dispute
between the U.S. and Germany over the importation of frozen chickens.
AIADA is launching a long-term effort to eliminate this tariff, which
unfairly restricts trade. Pickup trucks represent a lucrative and
significant portion of the United States vehicle market, and the 25%
tariff limits the ability of importers to compete. This must change.
At the Automotive Congress, you'll be fully briefed on these issues and
receive training to prepare you for your congressional meetings. Then,
together with other dealers from your state, you can help make sure our
message is heard. But we need you here to participate!
Register today for the Automotive Congress. Send in your
registration form or call 1-800-GO-AIADA for more information.
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APRIL 1999
All the latest news and information for and about the
international automobile industry in America.
HOTELS ARE FILLING FAST The AIADA room
block for the Automotive Congress was released to the
general public on April 16 and rooms are filling fast! Be sure to
hold a hotel room today. JW Marriott: 202/393-2000, Willard
Hotel: 202/628-9100
AIADA 99 Canal Center Plaza Suite 500 Alexandria,
VA 22314 703-519-7800 703-519-7810 FAX GOAIADA@aiada.org |