FROM: Jade West, NAW Senior Vice President-Government Relations

New NAW “Legislative Issue Briefs” are now available, including updates on:

From Globalfastenernews.com

While there are no recorded incidents of fastener workers regarding the California Prop 65 chemicals and no suits in fastener workplaces, Carmen Vertullo suggested “looking at your company as a target for a lawsuit.” READ MORE

FROM:
Jade West, Senior Vice President-Government Relations
National Association of Wholesaler-Distributors

NAW joins amicus brief on FLSA overtime rule:

FROM:
Jade West, Senior Vice President-Government Relations
National Association of Wholesaler-Distributors

This morning the Supreme Court handed down a decision in the Wayfair case overturning the Quill decision and – finally!! – allowing states to require out-of-state/online sellers to collect state sales taxes.   NAW joined Amicus briefs in this case, and it is a huge victory for our brick-and-mortar businesses.

A Message From NAW

As you know, NAW has long been involved in the fight for comprehensive tax reform, with particular focus on leveling the playing field between industries – including wholesale distribution – that have historically paid high effective tax rates and those industries that have enjoyed single digit effective rates – or even secured tax refunds.

A Message From Jade West, Senior Vice President-Government Relations
National Association of Wholesaler-Distributors

After years of reporting on the aggressive anti-business regulatory agenda coming out of Washington, D.C., we are happy to be reporting on the roll-back of regulations that has been undertaken by Congress and the Trump Administration, and what remains to be done.

From SmarterTravel

Passport changes are coming, and if you plan on traveling in the future—especially if you’re among the 49 million Americans whose passports will expire in the next few years—you need to know what passport changes are in store. READ MORE

A Message From Jade West, Senior Vice President-Government Relations, National Association of Wholesaler-Distributors

Since my last update to you on this topic there have been a number of procedural developments of significance to our legal challenge to the Obama Administration’s new overtime regulation scheduled to take effect on December 1st:

A Message From the National Association of Wholesaler-Distributors 

As you may know, the House Republicans have been working for several months on a series of six issue “blueprints” to set forth a policy agenda.  Their final blueprint, their tax proposal, is being publicly released at a press conference at 10:00 AM this morning.  While the official document was embargoed until 11:00 AM this morning, we saw a draft of it last evening, and it is very good news for us on LIFO.

Wholesaler-distributors who supply products and materials to contractors for work on projects funded, at least in part, with government funds are no doubt aware of the involvement of Disadvantaged Business Enterprises (DBEs) on many of these projects.  Recent incidents of “DBE fraud” have resulted in Justice Department charges against distributors and/or contractors.

 

From Brown Smith Wallace

The Protecting Americans from Tax Hikes Act of 2015 (PATH Act) made permanent many popular but previously temporary tax breaks for individuals and businesses. The PATH Act also enhanced many incentives. Click here for more information

The new guidance on reporting leases under U.S. Generally Accepted Accounting Principles has been the subject of intense public scrutiny. It’s received significant opposition from businesses that expect to add many billions of dollars in assets and liabilities to their balance sheets once the lease accounting standard becomes effective. Click here for more information

From Brown Smith Wallace

The Securities and Exchange Commission (SEC) is asking for public comments on several key changes to its rules by the first quarter of 2016. Although its proposal on intrastate crowdfunding has garnered significant attention, the comment deadlines for five other regulatory proposals also are in early 2016. Here’s a heads-up on what regulatory changes are currently in the works. Click here to read more