Tag: David Regan

Franchised Dealers Gather in Washington to Tackle Legislative Issues

If there is strength in numbers, America’s franchised auto dealers are stronger than ever, as nearly 500 dealers and dealer association executives representing all 50 states gathered in the nation’s capital this week for NADA’s annual Washington Conference and Congressional fly-in.

Senate Passes NADA-Backed S.J.Res. 57 to Rescind Flawed Auto Lending Guidance

Yesterday, by a bipartisan vote of 51-47, the Senate approved S.J.Res. 57, which rescinds the Consumer Financial Protection Bureau’s (CFPB’s) flawed auto finance guidance. 

Senate Tax Reform Bill Passes with 100% Floor Plan Deductibility Preserved

Early Saturday morning, the Senate passed the “Tax Cuts and Jobs Act,” (H.R. 1) which included a NADA-supported amendment to preserve 100 percent deductibility of interest on floor plan loans (a specialized loan that funds vehicle inventory). 

Support Sen. Rand Paul Amendment to Preserve Floor Plan Deductibility in Senate Tax Reform Bill

Senators need to hear directly from YOU about the importance of floor plan financing to your business. Call your Republican Senators and ask them to cosponsor Senator Rand Paul’s amendment to ensure floor plan interest remains fully deductible.