Tag: Legislative Updates

Fiscal Cliff Deal: Copy of HR 8 for your review

The link below will take you to a copy of the newly passed H.R. 8 that extends certain Bush-era tax benefits and establishes a new high end tax rate of 39.6 percent for earners with annual gross income exceeding $1 million. Other issues addressed are the re-authorization of the estate

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Lobbying yields big pay-off in N.H.

WASHINGTON, D.C. – When John Irwin of Irwin Marine, Laconia, N.H., joined his fellow MRAA members at the 2012 American Boating Congress in April, he developed a plan to make the most of his time with legislators on Capitol Hill. Irwin reviewed the issue briefs provided by the Marine Retailers

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Ethanol debate to heat up in 2013

The boating industry, including boat manufacturers, dealers, marina operators, and boat yards, has been voicing strong concerns in Washington for the past couple of years that ethanol blends in gasoline used in recreational boating have caused considerable damage to engines and fuel systems. The damage is significant in that it

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Strong support for current estate tax policy

Meetings in the Senate on repeal of the estate tax contained in the Bush-era tax cut legislation confirm there is strong support for continuing current estate tax policy of a $5 million exemption and a 35-percent tax rate. Senators Baucus (D-Montana), Landrieu (D-Louisiana), Tester (D-Montana), Pryor (D-Arkansas), and McCaskill (D-Missouri

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ACMA guides MRAA on 2013 legislative action

The Advisory Council of Marine Associations (ACMA) met at the Marine Dealer Conference and Expo (MDCE) on Nov. 10 to review 2012 federal and state legislative activities and to project potential legislative action in 2013.            During the meeting, ACMA members discussed ethanol, federal red tape and over regulation, problems with

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MRAA optimistic about Fiscal Cliff deal

MRAA continues to closely follow negotiations regarding the Fiscal Cliff. The Fiscal Cliff is defined as the combination of a 10-percent across the board cut of government spending and the expiration of the Bush era tax cuts. MRAA has lobbied in favor of balanced equitable solution and retention of the

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AAA Speaks Out Against Ethanol

Yesterday, the American Automobile Association issued a press release opposing E15 gasoline and urging the Environmental Protection Agency to stop the sale of E15 until consumers are better protected. The 53-million member organization is one of the biggest consumer lobby organizations in Washington, D.C., so this news is big for

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Recreational fishing infrastructure eligible for disaster assistance

According to a press release distributed yesterday, Congressman Frank Pallone, Jr. (D-NJ), senior member of the House Natural Resources Committee on Fisheries, Wildlife, Oceans and Insular Affairs confirmed that recreational fishing infrastructure such as marinas, tackle and bait stores and public access points that provide fishing access are eligible for

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Home mortgage interest deduction back ‘on the table’

The following is an article in today’s Washington Post that says the home mortgage interest deduction, including the second home interest deduction, is on the table as a means to address the fiscal cliff. It has been on and off the table for a long time now with staff saying

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