January 2017 Bulletin

12 January 2017

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ITPA January Bulletin
The ITPA Bulletin keeps you up-to-date on association information and meetings.
You're Invited to ITPA's Meet & Greet at HDAW

Come by Martinique A&B at the Mirage, before HDAW, for a networking reception.

The Mirage
Room: Martinique A&B
Monday January 23, 2017
3:30pm - 5:30pm

The ITPA Meet & Greet is part of your HDAW registration.
We hope to see you there.


Take Action
 
      With the election of Donald Trump, Republicans in Congress now see an opportunity to enact comprehensive tax reform. While the Auto Care Association supports efforts to lower the corporate tax rate to 20 percent, we are concerned about a provision, known as the Border Adjustability Tax (BAT), under consideration by Republican leaders that seeks to punish businesses that import products into the U.S.

The BAT, which subjects imports to essentially a new tariff by denying U.S. companies the ability to deduct import costs from taxable income, would be damaging to the auto care industry in the following ways:
  • Companies that rely on imports for a large portion of their product lines would see their taxes skyrocket. For example, a company that imports over 90 percent of its product would see its effective tax rate rise to at least 300 percent of its profits, thus putting it out of business.
  • The tax would increase prices throughout the supply chain, ultimately impacting the end consumer who is likely to pay more for parts and components.
While a formal tax reform proposal will not be released until next year, Republican leaders, including the President-Elect and House Ways and Means Chairman Kevin Brady, have already been touting the BAT as an essential piece of tax reform that will level the playing field for American-made goods. The Auto Care Association is fully engaged in this issue and is working with a broad business coalition to oppose its consideration in Congress.

However, we need your help. The link below allows you to send an opposition letter to your members of Congress. Also, please bring this issue to the attention of your finance department so they can calculate the true impact the BAT would have on your company's bottom line.
 

Questions or comments? Please contact Paul Fiore, senior director, government affairs, at paul.fiore@autocare.org or 301-654-6664.
Spring Meeting in Detroit


Join us in Detroit, MI for tour and info packed meeting with the best in the industry. More details, coming soon! 
 
2017 ITPA Spring Meeting
The Henry, Autograph Collection
Dearborn, MI  
April 26-28, 2017
 
Speaker: Mike Campion - Million Dollar Leadership...and more.
Tours: AxleTech, Ford Rouge Plant & Museum...and more.
Registering for Membership

Southwest Drivetain Specialists
2306 West Sherman Street
Phoenix, AZ 85009
 
Contact: Joel Zaft - Owner
 
Year Established: 2013

Referrals: Midwest Auto, Pacific Parts, and S&S Truck.
 
Specialties:
  • Acquisition and sales of surplus truck parts
  • Manufacturer/distributor of truck parts
  • Transmissions/Differentials rebuilding
The ITPA Needs You
Have you thought about how you will make a difference in the industry? Have you thought about what you will leave? Get involved. Call or email the ITPA office to find out how to make an impact: 1-866-346-5692 or info@ITPA.com.