10-20-30 Act of 2014

Opposed proposals to repeal the use of like-kind exchanges for construction equipment and repeal the "Last in, First Out" (LIFO) accounting method. Urged Congress to support the Death Tax Repeal Act (S. 1183/HR 2429) to permanently repeal the federal estate tax. Urged lawmakers to simplify the tax code to create an environment conducive for entrepreneurship and business risk-taking and investment, but avoid policies harmful to equipment distributors, such as dramatically extending depreciation periods. Urged Congress to remedy the unintended consequences the Affordable Care Act's 3.8 percent tax on unearned income has on distributors that rent and sell construction equipment. Supported efforts to reinstate and make permanent 50 percent bonus depreciation for equipment purchases. Urged Congress to permanently increase Sec. 179 expensing levels to incentivize small business investment. Urged support for the Tax Increase Prevention Act of 2014 (H.R. 5571) to reinstate tax extenders that expired at the end of 2013.

Client expense: Not reported · Firm income: $90,000

Government targets: HOUSE OF REPRESENTATIVES, Occupational Safety & Health Administration (OSHA), SENATE, State, Dept of (DOS)

Urged Congress to support the Death Tax Repeal Act (S. 1183/H.R. 2429) to permanently repeal the federal estate tax. Urged lawmakers to pursue comprehensive tax reform to add simplification and certainty to the tax code. Supported efforts to reinstate and make permanent 50 percent bonus depreciation for equipment purchases. Urged Congress to permanently increase Sec. 179 expensing levels to incentivize small business investment. Urged support for the Tax Increase Prevention Act of 2014 (H.R. 5571) to reinstate tax extenders that expired at the end of 2013.

Client expense: Not reported · Firm income: $20,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE