NAEDA Newsletter
Wednesday, April 01, 2015 Helping Dealers Succeed!
NAEDA's Annual EDF Scholarship

NAEDA’s Equipment Dealers Foundation (EDF) administers an Annual Scholarship Program that provides financial assistance for advancing the skills and expertise of your employees and potential employees. Scholarships are available for individual classes, vocational training, associate degrees, bachelor degrees, and post-graduate studies. Applicants must be sponsored by a dealer principal, who agrees to provide a written letter of recommendation and matching funds up to $1,000 per sponsored applicant.If you have an employee or potential employee who is seeking additional training and/or professional advancement, please share the attached EDF Annual Scholarship Program Guide/Application and consider sponsoring one or two applicants. A well trained workforce is a productive workforce!

APPLICATION SUBMISSION 

Applicants must use the Microsoft Word - EDF Scholarship Application that can be downloaded at www.naeda.com/foundation. Once completed, applications must be emailed to EquipmentDealersFoundation@naeda.com  no later than 5:00 p.m. CST on April 30, 2015. Incomplete and/or late applications will be deemed ineligible. Scholarship recipients and their sponsors will be notified via mail and/or email no later than June 30, 2015.  

LIFO COALITION Update and Urgent Action Items

Senate Finance Committee Chairman Orrin Hatch (R-UT) has appointed Working Groups to consider various elements of tax reform, and report back to the full Committee in May with policy recommendations.  The Working Group on Business Tax Reform is co-chaired by Senators John Thune (R-SD) and Ben Cardin (D-MD).   The LIFO Coalition, of which NAEDA is a member, briefed the staff of that Working Group on LIFO on March 13th, and provided them with a detailed Fact Sheet on LIFO.  We also submitted a separate comment letter to the Working Group, responding to the broad principles for tax reform set out by Chairman Hatch.  You can read the Coalition’s comment letter and attached fact sheet here:  http://www.naw.org/files/LIFO-Letter.pdf

The briefing was particularly useful in that we learned a lot about what those key tax-writing staff members know, assume, or do not understand about LIFO; and we learned that we have a lot to do to correct some of their misunderstandings about LIFO.  To that end, we need to have companies on LIFO contact the 14 Senators who serve on this working group, or their staffs, sometime in the next two weeks while Congress is in recess and the members are likely to be in their home states.  Read More...

2015 NAEDA Washington Fly-in Registration Materials - Register ASAP!

Your participation in the 2015 Washington, DC Fly-in scheduled for May 20 and 21 is needed.

We cannot stress how important this Fly-in can be for our legislative agenda for 2015. Given last fall’s elections and the changes in leadership in both houses of Congress, we need to reach out now as their new agenda is being formed. If we are to get commitments from your representatives and senators to move on the matters that are important to us…..the Fly-in will be the time to get that accomplished.  Read More...

EPA's McCarthy: Keystone alone wouldn't be climate disaster

EPA Administrator Gina McCarthy said Monday that building the Keystone XL pipeline alone would not be a disaster for the climate, as some opponents of the project contend. “No, I don’t think that any one issue is a disaster for the climate, nor do I think there is one solution for the climate change challenge that we have,” McCarthy said during an interview with POLITICO’s Mike Allen. Keystone critics have long alleged that the pipeline, if approved, would greatly exacerbate climate change. Politico  

NAEDA Serves on Federated Insurance Advisory Council

Tom Nobbe, owner of Wm Nobbe & Company Inc. in Waterloo, IL and member of the North American Equipment Dealers Association was among the nineteen business executives who gathered in Scottsdale, Arizona, on February 19-20 to participate in the 2015 Federated Insurance Advisory Council. In its 26th consecutive year, the Advisory Council provides a forum for business leaders to openly discuss the challenges facing their industries with a trusted insurance provider.

Client success dominated this year’s agenda. During the two-day meeting, Nobbe shared his thoughts on healthcare reform, business succession planning, risk management practices, the financial impact of losses, and employment law and human resource issues. Tom joined fellow meeting attendees in generating ideas on how Federated Insurance can continue to provide beneficial insurance products and services to policyholders.

“Advisory Council members are the hearts and souls of our Federated Insurance policyholders across this great country,” noted Federated Insurance Chairman, President and CEO Jeff Fetters. “With vision, integrity, and a strong sense of purpose, they lead many of the finest businesses in the nation. We are blessed that, for more than a quarter century, their insight has helped guide us as we work to serve America’s business community.”  Federated Insurance  

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North American Equipment Dealers Association
1195 Smizer Mill Road, Fenton, MO 63026-3480
Phone: 636/349-5000
Fax: 636/349-5443
Email: naeda@naeda.com
www.naeda.com

NAEDA Update is provided as a service to members of the North American Equipment Dealers Association. This information may not be reprinted without permission from NAEDA.

The North American Equipment Dealers Association provides educational, legal, legislative, and financial services to approximately 5,000 retail agricultural, construction, large property/rural lifestyle, and outdoor power equipment dealers in the United States and Canada.

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© 2014 The North American Equipment Dealers Association.
1195 Smizer Mill Road, Fenton, MO 63026-3480 | Phone: 636-349-5000
NAEDA Update is provided as a service to members of the North American Equipment Dealers Association. This information may not be reprinted without permission from NAEDA.

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