National Association of Wholesaler-Distributors (NAW) Calls for Tax Reform
The National Association of Wholesaler-Distributors (NAW)-led LIFO Coalition sent a letter to Capitol Hill on Friday, January 17, 2014 in response to tax reform discussion drafts released last fall by Senate Finance Committee Chairman Max Baucus and the ongoing push for reform by the House Ways and Means Committee. The letter was sent to the Chairmen and Ranking Members of both tax-writing committees with copies to all Members of the House and Senate. Click here to read the LIFO letter.
According to NAW Senior Vice President-Government Relations Jade West, “It is unclear at this point how much momentum exists for comprehensive tax reform, especially with the December announcement that Finance Chairman Baucus will be leaving the Senate soon to become U.S. Ambassador to China, but we will stay engaged in the process both to fight against LIFO repeal, and to fight for ‘comprehensive’ tax reform that includes the individual tax rates that pass-through companies pay. We are also working with our colleagues in the Coalition for Fair Effective Tax Rates to ensure that tax reform is seen through the lens of effective rather than statutory rates (wholesale distribution is one of the highest effective rate paying industries).”