A View of NADA’s LIFO Tax Relief Efforts

In this vAuto podcast episode, Paul Metrey, Senior Vice President of Regulatory Affairs, and David Regan, Executive Vice President for Legislative Affairs at NADA detail the association’s efforts on Capitol Hill to pass legislation that would provide relief from LIFO tax liabilities many dealers incurred this year. The conversation outlines why LIFO liability has become a problem for dealers, the reasons NADA’s lobbying efforts moved from the U.S. Treasury to Congress and where House and Senate bills currently stand in terms of bipartisan support. Metrey and Regan share steps dealers can take to encourage support for the tax relief legislation from their lawmakers.

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