Tire Industry Association TirePAC Quarter 2 – Spring 2014 Dear TIA Member: On behalf of the Government Affairs Committee we are pleased to announce that J. Dennis Hastert (third from left), former Speaker of the U.S. House of Representatives will be giving the keynote address at the Annual Honor Ceremony on November 3, 2014 at Caesars Palace in Las Vegas, kicking off the Global Tire Expo (GTE) week celebration. Speaker Hastert, an auto enthusiast, will speak on pending TIA legislative issues such as the effort to repeal the estate tax and the pending transportation infrastructure bill; and the need for small businesses to become actively involved in the legislative process. J. Dennis Hastert, former Speaker of the U.S. House of Representatives, joined From left to right: TIA Legislative Intern Roy Littlefield Dickstein Shapiro in 2008 as a member of the firm’s Public Policy & Law Practice. IV, TIA Executive Vice President Roy Littlefield, Speaker Hastert served from January 6, 1999 until January 3, 2007 and was the Congressman J. Dennis Hastert, and Congressman longest-serving Republican Speaker in history. He was elected to the House in Al Wynn. 1987 and served Illinois’ 14th Congressional District. During his 20 years in the House, Speaker Hastert focused his efforts on lowering taxes, improving education, strengthening Social Security and Medicare, and fortifying national defense efforts. He championed legislation to balance the federal budget, cut taxes and government waste, and clean up the environment. He also passed legislation to reduce government regulations in areas such as trucking and telecommunications in order to increase competition and consumer choice. His efforts also included energy development, telecommunications reform, and health care reform, which resulted in the development and implementation of Health Savings Accounts. We look forward to hosting Speaker Hastert in Las Vegas! Consider making a generous contribution of $50 or $100 to help us in the fight to protect our industry. If you wish to contribute, please send a personal check made out to TIA TirePAC and mail it to TIA’s Executive Vice President Roy Littlefield at 1532 Pointer Ridge Place, Suite G, Bowie, MD 20716. We would also welcome a call to our office to pledge an amount (we will then invoice you), 800-876-8372. As a reminder, TirePAC can only accept personal checks made out to the TIA TirePAC or up to $200 in cash at the event. If you are not already receiving the weekly legislative update or the monthly state newsletter, we encourage you to send the request to [email protected] to be added to the list, free of charge. This year there will be many legislative battles on Capitol Hill affecting the tire industry that we will need your support on! Sincerely, Randy Groh Government Affairs Committee Tire Industry Association TirePAC Quarter 2 – Spring 2014 BUY A SQUARE ON THE TIREPAC BOARD Your support helps protect the future of the tire industry! Contact information Name ______________________________________________________________________________________________________ Home Street Address __________________________________________________________________________________________ City______________________________________________________________ State______________ Zip __________________ Country (other than US) ______________________________________________ Postal Code ______________________________ Company Name ______________________________________________________________________________________________ Occupation __________________________________________________________________________________________________ For just $25 per square, you could win: First place - $500 cash Second place - $250 cash Third place - $100 cash I would like to purchase: ❑ 1 square - $25 ❑ 2 squares - $50 ❑ 3 squares - $75 ❑ 4 squares - $100 Desired numbers (1-100):____________________ Method of payment: ❑ Personal Check (payable to TirePAC) ❑ Cash Please return this form and payment to: TIA TirePAC Attn: Roy Littlefield 1532 Pointer Ridge Place, Suite G Bowie, MD 20716-1883 Only personal checks or cash are accepted. Corporate donations are prohibited by federal law. Contributions to TirePAC are for political purposes. All contributions to TirePAC are voluntary. Contributions to TirePAC are not deductible for federal income tax purposes. Federal law requires TIA to use its best efforts to collect and report to the Federal Election Commission the name, mailing address, occupation and the employer’s name of those whose contributions exceed $200 total in a calendar year. A copy of our report is filed with and available from the Federal Election Commission, 999 E. Street, NW, Washington, DC 20463, or at www.fec.gov. TIA complies with all federal election laws and regulations concerning the solicitation and acceptance of PAC contributions, and all other aspects of PAC operations. ~ 2 ~ Tire Industry Association TirePAC Quarter 2 – Spring 2014 TIA CONTINUES TO RALLY BEHIND ESTATE TAX REPEAL the new owner to sell the businesses’ assets to pay the tax. A major legislative push for TIA is to secure co-sponsors (a majority For many family-owned businesses to keep operation after the death in the U.S. House of Representatives) for H.R. 2429, legislation to of the owner, they must plan for the estate tax. Planning costs amend the Internal Revenue Code to repeal the estate, to repeal associated with the estate tax are a drain on business resources, generation skipping transfer tax, and to make permanent the taking money away from the day to day operations and business maximum 35% gift tax rate and a $5 million lifetime gift tax investment. These additional costs make it more difficult for the exemption. The battle has been uphill but we currently have 214 co- business owner to expand and create new jobs. Protecting family sponsors (211 Republicans and 3 Democrats). business from the estate tax is important in order to keep these businesses operating for future generations. TIA believes the estate tax is hurting family-owned businesses because the cost of the estate tax applies to property transferred at The following is a list of current co-sponsors. If your congressman/ death when the value of the property exceeds the estate tax congresswoman is not on the list, please help us in this major effort exemption. Much of the value of family-owned business is tied to to add more signatures to the bill. If you make a call on behalf of your illiquid assets such as land, buildings, and equipment. This can force district, please let us know. 214 CO-SPONSORS (211 REPUBLICANS AND 3 DEMOCRATS) Aderholt, Robert [R-AL4] Cotton, Tom [R-AR4] Graves, Tom [R-GA14] Amash, Justin [R-MI3] Cramer, Kevin [R-ND0] Griffin, Tim [R-AR2] Amodei, Mark [R-NV2] Crawford, Eric “Rick” [R-AR1] Griffith, Morgan [R-VA9] Bachmann, Michele [R-MN6] Crenshaw, Ander [R-FL4] Guthrie, Brett [R-KY2] Bachus, Spencer [R-AL6] Culberson, John [R-TX7] Hall, Ralph [R-TX4] Barletta, Lou [R-PA11] Daines, Steve [R-MT0] Hanna, Richard [R-NY22] Barr, Garland “Andy” [R-KY6] Davis, Rodney [R-IL13] Harper, Gregg [R-MS3] Barton, Joe [R-TX6] Denham, Jeff [R-CA10] Harris, Andy [R-MD1] Benishek, Dan [R-MI1] Dent, Charles [R-PA15] Hartzler, Vicky [R-MO4] Bentivolio, Kerry [R-MI11] DeSantis, Ron [R-FL6] Hastings, Doc [R-WA4] Bilirakis, Gus [R-FL12] DesJarlais, Scott [R-TN4] Heck, Joseph [R-NV3] Bishop, Rob [R-UT1] Diaz-Balart, Mario [R-FL25] Hensarling, Jeb [R-TX5] Bishop, Sanford [D-GA2] Duffy, Sean [R-WI7] Herrera Beutler, Jaime [R-WA3] Black, Diane [R-TN6] Duncan, Jeff [R-SC3] Holding, George [R-NC13] Blackburn, Marsha [R-TN7] Duncan, John “Jimmy” [R-TN2] Hudson, Richard [R-NC8] Boustany, Charles [R-LA3] Ellmers, Renee [R-NC2] Huelskamp, Tim [R-KS1] Bridenstine, Jim [R-OK1] Farenthold, Blake [R-TX27] Huizenga, Bill [R-MI2] Brooks, Mo [R-AL5] Fincher, Stephen [R-TN8] Hultgren, Randy [R-IL14] Brooks, Susan [R-IN5] Fitzpatrick, Michael [R-PA8] Hurt, Robert [R-VA5] Broun, Paul [R-GA10] Fleischmann, Charles “Chuck” [R-TN3] Jenkins, Lynn [R-KS2] Buchanan, Vern [R-FL16] Fleming, John [R-LA4] Johnson, Bill [R-OH6] Bucshon, Larry [R-IN8] Flores, Bill [R-TX17] Johnson, Sam [R-TX3] Burgess, Michael [R-TX26] Forbes, Randy [R-VA4] Jolly, David [R-FL13] Byrne, Bradley [R-AL1] Foxx, Virginia [R-NC5] Jones, Walter [R-NC3] Calvert, Ken [R-CA42] Franks, Trent [R-AZ8] Jordan, Jim [R-OH4] Campbell, John [R-CA45] Frelinghuysen, Rodney [R-NJ11] Joyce, David [R-OH14] Carter, John [R-TX31] Gardner, Cory [R-CO4] Kelly, Mike [R-PA3] Cassidy, Bill [R-LA6] Garrett, Scott [R-NJ5] King, Steve [R-IA4] Chabot, Steve [R-OH1] Gerlach, Jim [R-PA6] Kingston, Jack [R-GA1] Chaffetz, Jason [R-UT3] Gibbs, Bob [R-OH7] Kinzinger, Adam [R-IL16] Coble, Howard [R-NC6] Gingrey, Phil [R-GA11] Kline, John [R-MN2] Coffman, Mike [R-CO6] Gohmert, Louie [R-TX1] Labrador, Raúl [R-ID1] Cole, Tom [R-OK4] Goodlatte, Bob [R-VA6] LaMalfa, Doug [R-CA1] Collins, Chris [R-NY27] Gosar, Paul [R-AZ4] Lamborn, Doug [R-CO5] Collins, Doug [R-GA9] Gowdy, Trey [R-SC4] Lance, Leonard [R-NJ7] Conaway, Michael [R-TX11] Granger, Kay [R-TX12] Cook, Paul [R-CA8] Graves, Sam [R-MO6] continued on page 4 ~ 3 ~ Tire Industry Association TirePAC Quarter 2 – Spring 2014 214 CO-SPONSORS Nunnelee, Alan [R-MS1] Sessions, Pete [R-TX32] Olson, Pete [R-TX22] Shimkus, John [R-IL15] continued from page 3 Palazzo, Steven [R-MS4] Shuster, Bill [R-PA9] Paulsen, Erik [R-MN3] Simpson, Michael “Mike” [R-ID2] Lankford, James [R-OK5] Pearce, Stevan “Steve” [R-NM2] Smith, Adrian [R-NE3] Latham, Tom [R-IA3] Perry,