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President Obama last week sent to Congressional Republicans a "fiscal cliff" proposal that included $1.6 trillion in new taxes. In addition to the increase in the top marginal income tax rates on which the President is most insistent, his offer also calls for repeal of LIFO (last-in, first-out). This is not a surprise since repeal has been in each of his budget proposals and his proposal to the Speaker is very close to his budget proposal.
NAEDA would like to compile more specific information related to a repeal of LIFO and its impact on equipment dealers. Your responses will provide useful data on the types of business decisions that may result from Federal tax policy. As always your responses are totally confidential.
Please click on the link to participate in this important survey.
As more progressive farming operations have grasped new technologies to make producing the nation’s and world’s food supply more efficient, progressive equipment dealers and the companies they represent have strived to keep pace with the advancements in agricultural technology. GPS, precision agriculture and more recently, coordination by telematics, comprise the current generations of technological applications that most dealers are and have been assisting customers with for years.
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