In a Nov. 13 letter to President Obama, The Associated Equipment Distributors (AED) pledged to work with the administration to accelerate economic recovery and create jobs to revitalize the equipment industry.
Restoring fiscal and tax certainty should be the nation’s top priority, the association stated. AED stands ready to help resolve the rapidly approaching “fiscal cliff” to allow adequate time for lawmakers to tackle much needed reforms. Equipment distributors and the broader business community are eager to begin a comprehensive tax reform debate – one that balances the federal budget through a combination of spending cuts, entitlement reforms, and new revenues.
The association called for stabilizing and increasing investment in highways and other infrastructure. Though the recently enacted surface transportation law (MAP-21) provides near-term certainty to the construction sector, the gas tax and other user fee revenues which fund the Highway Trust Fund (HTF) are unsustainable. Alternative funding mechanisms for the HTF must be explored as part of a broader budget and tax reform deal AED stated.
AED also expressed its willingness to work with the administration to continue investments in domestic energy production while refraining from burdening the industry with regulations that will kill growth. Projects such as the Keystone XL pipeline and shale energy development will put the country on the path to energy independence, reduce costs for businesses and families, and provide thousands of jobs.