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U.S. Legislatitive Issues, Top Stories, Legislative & Regulatory News

A new study from accounting firm Ernst & Young, released July 17 by the National Federation of Independent Business (NFIB), shows that allowing tax cuts to expire on top individual rates is likely to hurt job creation and the economy, particularly small business job creators.

The study says potential tax rate increase scheduled to start Jan.1, 2013 would directly impact small business organized as S corporations, partnerships, LLCs and sole proprietors, which make up about 75 percent of all small businesses. Read More...

U.S. Legislatitive Issues, Top Stories, Legislative & Regulatory News
Senate Finance Committee Chairman Max Baucus (D-Mont.) today applauded the Committee’s unanimous approval of his bill establishing permanent normal trade relations (PNTR) with Russia and removing Russia from the 1974 Jackson-Vanik amendment.  Chairman Baucus’s bill will enable U.S. businesses to create jobs here at home by capitalizing on Russia’s growing market.  The legislation supports and creates thousands of U.S. jobs across every sector of the American economy, including manufacturing, agriculture and services, by helping double U.S. exports to Russia within five years.  Read More...
U.S. Legislatitive Issues, Top Stories, Legislative & Regulatory News
Sens. Max Baucus (D-MT), Jon Tester (D-MT), Kent Conrad (D-ND) and Tim Johnson (S-SD) introduced legislation last week that would extend for one year the 2008 Farm Bill disaster programs that expired at the end of Fiscal Year 2011. Those programs include: the Supplemental Revenue Assistance Payments (SURE) program, the Livestock Indemnity Program (LIP), the Livestock Forage Program (LFP), and the Emergency Livestock Assistance Program (ELAP). House Agriculture Committee Ranking Member Peterson (D-MN) said this week that an extension of SURE should be included in a conference agreement on the Farm Bill. Read More...
U.S. Legislatitive Issues, Top Stories, Legislative & Regulatory News

The drought gripping the country raises the bar on Congress to get a farm bill done and possibly reinstall some disaster programs that have expired, Senate Agriculture Committee Chairwoman Debbie Stabenow said Tuesday.

House leaders have said little about scheduling floor time for the farm bill since it was moved out of committee last week. (DTN photo illustration by Nick Scalise)The extensive drought conditions will require lawmakers in conference negotiations to revisit the Supplemental Revenue Assistance Program, or SURE, that expired last September. Read More...

U.S. Legislatitive Issues, Top Stories, Legislative & Regulatory News

In a letter date July 12th, the letter expressed strong opposition to the latest House and Senate version of the so-called DISCLOSE 2012 Act, S. 3369 and H.R. 4010, which both the Senate and House may consider in the coming days.

This legislation, like its predecessors in the 111th and 112th Congresses, is designed to chill the political speech of corporations, business interests, and others, while giving labor unions special protections. The bills do not propose genuine reform—the disclosure requirements are transparently political and ultimately
unconstitutional. Read More...

Legislative & Regulatory News

Without even a committee markup, the House farm bill has caused intraparty tensions to flare up among both Democrats and Republicans, who are primarily squabbling over how much money should be allotted for food stamps.

So it is no small wonder that House leaders have been reticent to bring the bill to the floor. Nonetheless, all eyes are on what could be a marathon Agriculture Committee markup today to determine the way forward. Read More...

Top Stories, Legislative & Regulatory News

For states struggling in the troubled economy, this could mean $23 billion in new revenue each year, according to the National Conference of State Legislatures. Had online retailers collected sales tax this year, Virginia would have added nearly $423 million to its coffers, while Maryland would have seen $376 million and the District $72 million, the group said.

The movement in state capitals is driving newfound support for a proposed bill in Congress that could make collection of sales tax a standard practice on the Web, no matter where a consumer logs in to shop. Read More...

U.S. Legislatitive Issues, Top Stories, Legislative & Regulatory News

The House Agriculture Committee released draft language detailing $35 billion in savings over 10 years in its bill, the Federal Agriculture Reform and Risk Management Act, or "FARRM," which the committee will markup July 11. The bill comes after the Senate passed its version of the bill June 21, which is dubbed the Agriculture Reform, Food and Jobs Act.

Many of the provisions throughout the House bill are comparable to those in the Senate legislation, which partly stems from work the two agriculture committees did last fall in the failed supercommittee talks. Read More...

U.S. Legislatitive Issues, Legislative & Regulatory News

Congress is currently considering legislation to extend Permanent Normal Trade Relations (PNTR) with Russia. Approval of PNTR with Russia will greatly boost U.S. exports, create tens of thousands of American jobs, and is one of the U.S. Chamber's top trade priority before Congress this year. As part of the Chamber's efforts, NAEDA has signed on to a Chamber coalition letter stressing how important Russia's graduation from Jackson-Vanik is to the American business community. As the 11th largest economy in the world, Russia presents a huge opportunity to increase U.S. agricultural and other exports and create American jobs.

Additional signatories are still being collected for the letter. The final letter will be available on NAEDA's Web site when it is sent to Congress later in June. Read More...

Agricultural, Construction, Large Property/Lifestyle, Outdoor Power Equipment, NAEDA & Association News, Newsletter Member Benefits

Social media is all about building relationships, a key component in NAEDA’s mission to forge a partnership between dealers, farmers and consumers. It is based upon something NAEDA has been doing for generations; having conversations. Social media is nothing more than the conversations we are having online and the tools used to enhance them. This includes Facebook, Twitter and YouTube as starters.  Read More...

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