August 18, 2000 vol. 1, no. 25
Contents: Gore
Pledges to Reform the Estate Tax and End the Marriage
Penalty NADA
Calls for a Single, National Low-sulfur Diesel-fuel
Standard
Gore
Pledges to Reform the Estate Tax and End the Marriage
Penalty
In accepting his party's nomination for president at the
Democratic National Convention, Vice President Al Gore
detailed his policy agenda in an effort to demonstrate that he
is prepared to lead the country and to distinguish himself
from his opponent, Texas Gov. George W. Bush. Gore pledged to
reform – but not eliminate – the estate tax and end the
marriage penalty "the right and fair way."
Gore said that he would provide tax-free savings accounts
to supplement Social Security and tax incentives for small
businesses to provide pension coverage. But he said he would
resist Bush's plan for partial privatization of the retirement
system, which would "strip one out of every six dollars from
the Social Security trust fund" for personal savings
accounts.
The vice president also said he would offer "a full range
of targeted tax cuts to working families." His opponent, he
charged, would provide "a huge tax cut for the wealthy at the
expense of everyone else and wreck our good economy in the
process." Specifically, Gore promised cuts to help people save
for college and pay for health insurance and child care.
[Editor's Note: NADA has actively lobbied for the repeal of
the estate tax and for marriage penalty relief.]
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NADA Calls for a Single, National
Low-sulfur Diesel-fuel Standard
NADA this week urged regulators to implement a single,
national low-sulfur diesel-fuel standard as soon as possible,
so heavy- and light-duty diesel engines equipped with complex,
sulfur sensitive emissions-control devices will function
properly.
In comments filed with the Environmental Protection Agency,
NADA said that while it endorses EPA's proposal for tighter
emissions standards for heavy-duty diesel engines, the
standards must be appropriately enabled by lowsulfur fuels and
must not negatively impact powertrain performance, durability,
reliability, fuel economy, cost or availability.
NADA cautioned that while a low sulfur fuel is essential
for further emissions reductions, it must not be forced onto
the marketplace too soon or at too high a price. Adequate lead
time is essential given the fuel price sensitivity of the
trucking industry. Since the new fuel must be readily
available before new powertrains are introduced, its realistic
availability should drive the final rule's heavy-duty diesel
engines emissions deadlines and phase-ins.
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National Automobile Dealers Association Public
Affairs Group 703-827-7407 nada@nada.org
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