New Congress Off to a Fast Start — White House Looking to Expand Regulatory Action
Now that Republicans have control of both houses of Congress, they’re wasting no time in advancing their legislative agenda. Each chamber of Congress works at its own pace because of the rules they adopt, so the House will always act faster than the Senate, but both are committed to show they can govern. While distributors have a lot to gain from a pro-business Congress, we have a lot to lose from an overaggressive regulatory state. The Regulations from the Executive in Need of Scrutiny (REINS) Act is our best hope to “rein” in aggressive federal regulators.
By subjecting new major regulations to an “up or down” vote in Congress before taking effect, the REINS Act would strengthen Congress’ Constitutionally-mandated role providing oversight of the Executive branch.
NAED will send this this letter of support to the bill’s sponsor, Rep. Todd Young of Indiana on March 27. We would also like you to consider showing your support of the bill by “signing on” to our letter. CLICK HERE to have your company’s name included on the list of supporters of the REINS Act when we send this letter to Congressman Young.
Making Higher Section 179 Expensing Permanent
In recent years, many NAED members have taken advantage of increased limits on Section 179 expensing. NAED supports making the higher expensing levels permanent and indexing them to inflation. America’s Small Business Tax Relief Act of 2015 (HR 636) would accomplish this. The US House has passed HR 636 and now it’s time for the Senate to act. CLICK HERE to contact your Senators and tell them to support permanent extension of higher Section 179 expensing limits by supporting America’s Small Business Tax Relief Act of 2015.
Fairness in Online Taxes
NAED distributors have forcefully advocated for a level playing field between our industry and online sellers. NAED has support the Marketplace Fairness Act and Marketplace and Internet Tax Fairness Act in the 113th Congress. The US Senate was able to pass bipartisan legislation in 2013 that would have provided the fairness we seek. However, some Congressional Republicans fought the bill, erroneously referring to is as a “new” tax.
Read more about leveling the playing field between online sellers and brick and mortar sellers.