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Top 5 Stories
Senate to Send Obama Tax Deal to House
House Democrats Consider Amendments to Estate Tax
House May Vote on Pared Auto Safety Bill
Chrysler Recalls 76,000 Dodge Ram Trucks
30-40 Vehicles Will Debut at Detroit Auto Show
Top 5 Stories
Senate to Send Obama Tax Deal to House

The Senate is set to vote this afternoon on an $858 billion deal to temporarily cut taxes at every income level and extend jobless benefits, as some House Democrats try to figure out how to stop tax breaks for the wealthy. On Monday, the Senate easily got past a procedural move on the bill on an 83-15 vote, an indication that the tax-cut package has broad support in that chamber. Senate Minority Leader Mitch McConnell has warned the House that changing the deal, which was ironed out by Obama and GOP leaders, could endanger its chances of becoming law. "This agreement is not subject to being reopened," McConnell said.
Source: USA Today

Editor's Note: NADA supports the bipartisan estate tax provision to be considered by the Senate, which will help family businesses continue by setting the tax at 35 percent with a $5 million per-spouse exemption. NADA Legislative Affairs will keep dealers up to date on developments of this tax package.

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House Democrats Consider Amendments to Estate Tax

As the Senate prepared Tuesday to push through a sweeping tax package negotiated by the White House and congressional Republicans, House leaders were looking to amend the measure to satisfy the concerns of angry liberals without unraveling the deal altogether. After meeting for two hours with rank-and-file lawmakers late Tuesday, senior Democrats said the House is likely to stage votes to change the terms of a revived estate tax that many Democrats view as overly generous to the wealthy. If any amendments were adopted in the House, the tax package would have to go back to the Senate for further action.
Source: The Washington Post

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House May Vote on Pared Auto Safety Bill

WASHINGTON — The U.S. House may consider a slimmed-down auto safety bill this week, despite concerns raised by automakers. A pared-back auto safety bill sponsored by Rep. Bobby Rush, D-Ill., was introduced in Congress on Monday and could be voted on as early as this week under so-called fast-track rules used for generally noncontroversial bills. The Alliance of Automobile Manufacturers, a trade group representing Detroit's Big Three automakers, Toyota Motor Corp. and eight others, circulated a note on Capitol Hill urging lawmakers to oppose the measure.
Source: The Detroit News

Editor's Note: According to NADA Legislative Affairs, the House is not expected to vote on the modified vehicle safety bill today. NADA is closely tracking this legislation to ensure that onerous provisions opposed by NADA, such as a new vehicle tax included in the bill as passed by the Energy and Commerce Committee, are not added to this legislation.

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Chrysler Recalls 76,000 Dodge Ram Trucks

Chrysler Group LLC is recalling about 76,000 Dodge Ram pickup trucks to fix a power-steering problem that could make brake pedals return slowly after the driver applies them, according to a recall notice issued by the U.S. Department of Transportation. The recall affects certain 2010-2011 model year Dodge Ram trucks built from March 2009 through October 2010. A Chrysler spokesman said no crashes or injuries have been reported. He said the problem was first noticed by dealers and a modified cap will relieve some of the pressure causing the problem.
Source: The Wall Street Journal

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30-40 Vehicles Will Debut at Detroit Auto Show

DETROIT -- The 2011 North American International Auto show is expected to feature 30 to 40 worldwide vehicle debuts, show organizers said (Tuesday). The Detroit show will include the introduction of the Audi A6, Chrysler 300, Ford Escape concept, Honda Civic concept and the Toyota Prius MPV. Press days for the show begin Jan. 10. The show is open to the public Jan. 15-23.
Source: Automotive News

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Quotable
 
"We want to be the masters of our own destiny."

    -- Chris Liddell, GM's chief financial officer, who is engineering a radical shift in the car maker's strategy—to pay off virtually all its borrowing in a few years and keep debt at close to nothing, The Wall Street Journal, Dec. 14

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Happy Holidays From Lenovo!

Invest in a Lenovo ThinkPad with rock-solid reliability. NADA members and their staff can now save up to 40 percent on select ThinkPads using eCoupon USXDECSAVINGS at checkout. This offer expires Dec. 31. To learn more about this offer and other discounted Lenovo products go to NADA's PC Purchase Program site (member log in required). Check the site often for weekly specials!

HP Has A Gift For You!

HP Compaq 6005 Pro Ultra-slim Desktop PC + LE2001w 20-Inch widescreen LCD Monitor is designed to deliver uncompromised results with energy efficiency features and high-end capabilities. This space-saving bundle starts at only $789 for NADA members and staff. To learn more about this offer and other discounted HP products visit NADA's PC Purchase Program site (member log in required).

 
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