US businesses team up to oppose Biden’s tax rise proposals
The coalition of lobby groups expects to add more members in the coming weeks.
Business groups in the US have formed a coalition to oppose tax increase proposals by the Biden administration.
The US government has proposed a global minimum corporation tax rate, as well as increasing tax payments in the US in order to pay for infrastructure projects.
The tax proposals “could not come at a worse time”, one organiser of the coalition told the BBC. Made up of 28 industry groups, the alliance named themselves: “America’s Job Creators for a Strong Recovery”.
BBC News
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image captionPresident Biden s administration has proposed funding infrastructure spending largely through tax increases
US business groups have teamed up to form a coalition opposing tax increase proposals by the Biden administration.
The US government is proposing a global minimum corporation tax rate, as well as increasing the tax in the US to pay for infrastructure projects.
Twenty eight industry groups have now created an alliance called America s Job Creators for a Strong Recovery .
One organiser for the new group said the tax proposals could not come at a worse time .
The alliance has been formed as President Biden is seeking to pass a $2.3tn (£1.7tn) infrastructure package, which would direct billions to initiatives such as charging stations for electric vehicles and eliminating lead water pipes.
FTC Exploring Consumer Repair Rights Expansion
The Federal Trade Commission (FTC) has identified numerous repair restrictions in a new report to Congress. Parts replacement difficulty and parts availability limitations were among the restrictions.
Assisting in expanding repair options available to consumers is within the agency’s power. The Commission works with lawmakers on the state or federal level to provide choices when consumers repairs.
Congress directed the Commission to release the report, knowing that they have been reviewing how manufacturers, particularly automotive and mobile phone makers, have limited repairs by consumers and independent repair shops.
These limitations increase costs, restrict choice, and impact consumers’ rights protected under the Magnuson-Moss Warranty Act (MMWA). Dealer service department and original equipment parts reliance deceived consumers.
FTC publishes study addressing R2R issues
FTC publishes study addressing R2R issues
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WASHINGTON, D.C. The Federal Trade Commission (FTC) has published a report on anti-competitive repair practices in the automotive and other industries that concludes there is scant evidence to support manufacturers justifications for repair restrictions.
The 56-page report,
Nixing the Fix: An FTC Report to Congress on Repair Restrictions, explores means of expanding consumers repair options and how the Commission could assist in that expansion, consistent with its statutory authority.
In addition, the FTC notes that it stands ready to work with lawmakers, either at the state or federal level, to ensure that consumers have choices when they need to repair products they purchase and own.
Vehicle miles traveled in March returns to pre-pandemic levels Friday, Apr. 30, 2021, 01:36 PM By Auto Remarketing Staff
If your service drive is getting pretty busy nowadays
According to data gathered by Auto Care Association director of market intelligence Mike Chung, vehicle miles traveled (VMT) for March surpassed 300 million miles. It’s the first time that’s happened since the summer of 2019 when June, July and August each had readings at that level or higher.
And to show the depth of the pandemic, Chung pointed out in
a post by the association that VMT came in below 150 million miles last April when lockdowns and other pandemic-triggered restrictions came into play.