The U.S. House of Representatives passed H.R. 8, the Job Protection and Recession Prevention Act, on August 1 by a vote of 256 Yea to 171 No along party lines to extend the expiring tax cuts for households and businesses at all income levels through 2013. These tax cuts are known as the “Bush Tax […]

I am following up briefly on yesterday’s message on the Bush Tax cuts and continuation of the current estate tax. The House of Representatives voted yesterday 256 to 171 (along party lines) to extend the expiring tax cuts for households and businesses at all income levels through 2013. The vote came following the House rejection […]

The following link will take you to a report on the Consumer Financial Protection Bureau from the Republican Policy Committee. I believe you may find this interesting. As it now stands, boat dealers are exempt form the Dodd-Frank Act, but I am always amazed how the federal agencies get involved in regulation over Congressional intent. […]

I want to provide you with a brief update on repeal of the Estate Tax. It appears House action on legislation to extend the Bush tax cuts has been moved up and will now take place this afternoon. Legislation that sets the parameters for fundamental tax reform will be voted on tomorrow. The rule approved […]

MINNEAPOLIS — The Marine Retailers Association of the Americas thanks the 245 Members of the House of Representatives who stood for small businesses everywhere by passing H.R. 4078, a comprehensive regulatory reform bill that streamlines the time consuming rulemaking and permitting process, brings transparency to rules issued by federal agencies, and prohibits agencies from issuing […]

Congress is busy looking at repeal of the Estate (Death) Tax. Congressman Kevin Brady (R-Texas) is taking the lead in the House of Representatives and issued a press release on July 26 to release a study by the Joint Economic Committee Republican staff called “Estate Tax Fails on All Fronts.” The Estate Tax threshold of […]

New Study: “Cost & Consequences of the Federal Estate Tax” WASHINGTON, D.C. — Congressman Kevin Brady, the author of the House bill to End the Death Tax Permanently, is releasing a major study Wednesday morning from the Joint Economic Committee Republicans that proves the Death tax is harmful and ineffective taxation that hinders entrepreneurship, hurts […]

If the U.S. Federal Reserve follows the lead of the Bank of England, it could help small business get loans from participating banks. Under such a program, the Federal Reserve would give banks very low interest rates on loans to small businesses and home mortgages. This could have a significant impact on marine retailers as […]

The following link goes to a very brief section of H.R. 4348, the “Highway Bill” that re-authorizes the Sport Fish Restoration and Boating Trust Fund through 2014. As you will read no other changes were made to this important fund, which was the unified position of the Anglers and Boaters Coalition, which the Marine Retailers […]

The letter, pertaining to the Affordable Care Act and available at the link below, is written by the Secretary of Health and Human Services and was issued to the 50 state governors. It was issued after the Supreme Court’s 5-to-4 ruling that the new law is constitutional. A key thing to remember about this law […]