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Article: News roundup from Capitol Hill; Congress simplifies federal excise tax on tires, but much of industry's work still remains to be done.(News)
- Article from:
- Tire Business
- Article date:
- December 20, 2004
- Author:
CopyrightCOPYRIGHT 2004 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Miles Moore
The election results of 2004-with President George W. Bush winning a second term and the Republicans expanding their majority in both houses of Congress-augured good things for tire dealers and their allies concerning their legislative agendas in 2005.
Because of the election and the continuing war in Iraq, however, Congress did little that affected the auto aftermarket directly. The chief regulatory news, meanwhile, was pretty much tied to the TREAD Act, much as in the past several years.
The TREAD Act
Passed by Congress in October 2000, the Transportation Recall Efficiency, Accountability and Documentation (TREAD) ...