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Breaking News
Business groups alarmed by rise of ‘micro-unions’ in workplace

Business groups are sounding the alarm over decisions from the National Labor Relations Board (NLRB) that they say would make it easier for small groups of people to create “micro-unions” in the workplace.

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EPA keeps burning bridges

The EPA's waters of the U.S. rule continues to raise red flags for agriculture.

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NAEDA Stock report 6/16/14

Markets End in Positive Terrain as Mergers Overpower Iraq Fears

Although turmoil in Iraq churned up market volatility this month, a slew of strong economic data kept markets on the upswing. As our trading session ended June 16, 2014, homebuilder sentiment and solid manufacturing data pushed Wall Street ahead. When we started our session, a survey from HSBC indicated that the slowdown in the Chinese economy was weakening, and a reading on Chinese manufacturing in May revealed the best numbers in five months. The Thomson Reuters/University of Michigan's final May consumer sentiment reading was 81.9, down from 84.1 the month previous and below the 82.5 expected by economists surveyed by Reuters.

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EETC is pleased to announce the addition of Briggs & Stratton’s Training Kits and Curriculum

The Equipment & Engine Training Council is pleased to announce the addition of Briggs & Stratton’s Training Kits and Curriculum to the online EETC Education Resources Web Site. 
Tom Billigen, Briggs & Stratton Customer Education Training Manager, commented that, “the need for hands on, experience-based training is becoming increasingly important to schools and the communities they serve. Working with the EETC and its membership to provide that support makes sense.”

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House passes bill boosting write-off limits for capital purchases

WASHINGTON, June 12, 2014 -- The House passed legislation Thursday that would make permanent a tax provision that allows farmers and other small businesses to immediately write off up to $500,000 in equipment purchases such as combines and large tractors rather than follow a depreciation schedule.

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LIFO Coalition seeks contributions

The LIFO Coalition is seeking contributions to fund a new grass roots campaign to preserve LIFO in any new tax reform package that may come out of the House or the Senate. With the long-awaited release of the Tax Reform Act of 2014, the LIFO accounting method is once again under threat from policymakers in Washington.  Make no mistake- the threat is bipartisan, the issues complex and the consequences of failure to preserve LIFO enormous and far-reaching. 

While House Ways and Means Committee Chairman David Camp’s (R-Mich.) proposal is dead in the water in this session of Congress, the likelihood of its provisions serving as a baseline for future legislative consideration, or negotiation, in 2015 is profound.  Accordingly, the Coalition believes a wide spectrum of stakeholders can and should take action now to ensure LIFO is not relegated to the role of “poor cousin” to more visible, politically potent tax reforms or pay-for requirements in the not too distant future.

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Registration is open for GIE+EXPO, Oct. 22-24 Read More...
Videos explain Farm Bill

The American Farm Bureau Federation has launched a series of videos to help farmers and other stakeholders better understand provisions of the 2014 farm bill. The videos include a farm bill overview describing the basic provisions of the commodity title, including a description of the decisions related to the program participation that will need to be made by farmers and landowners.

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FDA defers the proposed animal feed rule

FDA's proposed rule on spent brewer and distiller grains used in animal feed as part of the Food Safety Modernization Act (FSMA) has been postponed. The rule, as proposed, threatened to end the practice of feeding such grains to livestock. 

Under the rule, breweries would have been forced to dry, package, and inspect all food including spent grain used for cattle. But last week, FDA Deputy Commissioner for Foods and Veterinary Medicine Michael Taylor told breweries, feed manufacturers and livestock producers: “That, of course, would not make common sense.”

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Groups object to equipment pooling, LKE repeal in Senate Finance Tax Reform Plan

Eighteen state and national trade associations joined in a Feb. 25 letter to leaders of the Senate Finance Committee objecting to the committee’s proposal to create a new asset pooling system to depreciate business property and repeal like-kind exchange.

The letter to Sen. Ron Wyden (D-Ore.), who recently took over the committee’s chairmanship, and Ranking Member Orrin Hatch (R-Utah) expressed support for tax reform that improves the Internal Revenue Code (IRC) for both corporations and pass-through entities and creates a tax environment conducive to economic growth and investment. However, the letter said the pool scheme, proposed in November 2013 (before Wyden took over the Finance Committee) would create unrealistically lengthy asset recovery periods for business assets that will negatively impact business cash flow and reduce economic growth and job creation.

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From the NAEDA Office

A Brief Respite From Task Group Updates Legislative and educational opportunities within the coming months.

Last month, I promised an update on the progress of the Governance/Structure Task Group. However, this month, I need to briefly change the focus of this column in order to provide timely information on a couple of upcoming opportunities.

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