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Top 5 Stories
Senate Finally Votes to Repeal 1099
White House Promises Veto of Anti-E.P.A. Bill
Toyota Didn't Cause Man's Accident, Jury Rules
Auto Leasing Roars Back to Highest Rate Since '05
Committed to Community: North Carolina Auto Dealers Support 'Flight of Honor' for WWII Vets to See Monuments
Top 5 Stories
Senate Finally Votes to Repeal 1099

The Senate on Tuesday voted to repeal the health care overhaul’s 1099 tax reporting requirements, finally ending months of debate and votes over a provision that, by the end, had few defenders. The overwhelmingly bipartisan vote, 87-12, gives President Barack Obama the first opportunity to sign or veto a bill repealing a piece of his signature law. He’s expected to sign it despite concern about how to replace the money the provision would have raised. “This was a provision in the health care law that pretty quickly everybody agreed was foolish,” Sen. Mike Johanns (R-Neb.), one of the strongest supporters of repealing the 1099 provision, told POLITICO in a phone interview. The 1099 provision, which would have raised $19 billion to help pay for health reform, would have required business owners to file a tax reporting document for all vendors from which they buy $600 worth of goods or services within a year.
Source: POLITICO

Editor's note: Dealers' grass-roots activity was a significant contribution to the repeal legislation passing the Senate with such a significant majority. While businesses must continue to issue a 1099 form for each unincorporated service provider it pays over $600 per year, the new mandate would have applied to all vendors, significantly increasing dealerships tax reporting duties, starting in January 2012. NADA Legislative Affairs thanks those dealers who called their Senators and worked effectively at the grass-roots level on the House side to push for passage of this repeal measure. To see how your senators voted, click here.

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White House Promises Veto of Anti-E.P.A. Bill

In case there was any doubt, the White House on Tuesday issued a formal statement opposing a bill now before the House that would bar the Environmental Protection Agency from regulating greenhouse gases for the purpose of combating climate change. The bill, known as the Energy Tax Prevention Act of 2011, could come up for a vote as early as Wednesday and is almost certain to pass when it does. The measure, sponsored by Representatives Fred Upton, Republican of Michigan, and Ed Whitfield, Republican of Kentucky, would overturn the E.P.A.’s finding that carbon dioxide and other greenhouse gases pose a danger to human health and the environment. “The administration strongly opposes House passage of H.R. 910, which would halt the Environmental Protection Agency’s common-sense steps under the Clean Air Act to protect Americans from harmful pollution,” the statement says. “H.R. 910 would also increase the nation’s dependence on oil and other fossil fuels as well as contradict the scientific consensus on climate change.”
Source: The New York Times

Editor's note: As proposed in H.R. 910, NADA believes a single, national fuel economy standard administered by NHTSA is the best way to responsibly increase fuel economy while ensuring jobs, passenger safety and consumer choice are not diminished. Click here for a letter NADA sent to Rep. Upton, chairman of the House Energy and Commerce Committee, in support of the bill.

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Toyota Didn't Cause Man's Accident, Jury Rules

Toyota Motor Corp. wasn’t responsible for causing a doctor’s 2005 Scion to suddenly accelerate and smash into a tree, a federal jury in Central Islip, New York, ruled (Friday). The accident was caused by the driver, Amir Sitafalwalla, rather than the brake or the floor mat, said a lawyer for Toyota, John Randolph Bibb Jr., in his closing statement (Friday). Sitafalwalla “made a mistake in the operation of his 2005 Scion TC,” Bibb told jurors. “He made a simple but unfortunate mistake.” Toyota, the world’s largest automaker, recalled millions of U.S. vehicles, starting in 2009, for defects related to sudden unintended acceleration. Sitafalwalla, a Long Island, New York, doctor who filed his lawsuit in 2008, had the first case related to the issue to go to trial since the recalls.
Source: Bloomberg Businessweek

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Auto Leasing Roars Back to Highest Rate Since '05

Vehicle leasing, a popular financing option that dried up with credit during the recession, is rebounding, another sign of an improving economy and a recovering automotive industry. That's good news for consumers attracted to leasing because it sometimes offers lower monthly payments plus a new car every couple of years. Automakers and dealers like leasing because it drives sales and keeps customers coming back to showrooms. GM dealers say leasing promotions are helping drive sales. "Three years ago, (leasing) was 70 to 75 percent of our business," said George Fowler, general manager for Superior Buick GMC Trucks in Dearborn. That business took a nosedive during the recession. "It has come back like gangbusters," Fowler said, with leasing now accounting for more than half the dealership's sales.
Source: The Detroit News

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Committed to Community: North Carolina Auto Dealers Support 'Flight of Honor' for WWII Vets to See Monuments

RALEIGH, N.C. – Over the next several weeks, about 300 World War II veterans from North Carolina will travel to the nation’s capital—many for the first time—to see the national monument that honors them for their U.S. military service nearly 70 years ago. Thanks to the fundraising efforts of the North Carolina Automobile Dealers Association, including several new-car dealers, banks and local media outlets, the Triangle Flight of Honor program provides veterans from the “triangle” region of Raleigh, Durham and Chapel Hill with an all expenses paid, day-long trip and flight to visit the World War II Memorial in Washington, D.C. “We are honored to recognize members of the Greatest Generation,” said North Carolina auto dealer David Westcott, a member of the National Automobile Dealers Association’s board of directors, who will be flying today with veterans from his home state. “This is another way franchised dealers have stepped up to be a part of the local community in North Carolina.”
Source: NADA Public Affairs

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For more auto industry news, visit NADAFrontPage.com

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Quotable
"This was a provision in the health care law that pretty quickly everybody agreed was foolish."

    -- Sen. Mike Johanns (R-Neb.), one of the strongest supporters of repealing the 1099 provision in the health care law, POLITICO, April 5

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