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Sen. Rob Portman: A truly balanced approach to the deficit

Categories: Newsletter Government News, Top Stories, Dealer News | Author: Mike Williams | Posted: 12/11/2012 | Views: 358

The dangers of the "fiscal cliff" are by now well known. Most agree that the year-end $500 billion in tax increases and $110 billion in arbitrary, across-the-board discretionary spending cuts, including defense, must be averted to avoid plunging the U.S. economy back into recession. But how the danger is averted is important. To keep from getting right back on another cliff, President Obama and Congress must address the underlying problems of excessive spending and weak economic growth.

Washington needs to pursue structural reforms in the country's important but unsustainable entitlement programs and in an inefficient, outdated tax code. By doing so, lawmakers can responsibly avoid the immediate cliff while addressing the long-term fiscal crisis and spurring job creation.

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Source:
Wall Street Journal
Op-Ed
December 11, 2012
http://online.wsj.com/article/SB10001424127887324640104578161252979458718.html

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From the NAEDA Office

Task Groups Complete Initial Work NAEDA board to consider recommendations for enhancing member service

For the past several months, eight task groups have been working behind the scenes to address the priorities or focus areas for transitioning NAEDA to a new governance model. Later this month, the task groups will present their findings and recommendations to the NAEDA Board of Directors for consideration. The meeting promises to be an exciting opportunity to plot the course for significant change within the association - change that will enhance service to the members and better position NAEDA for continued success.

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