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Lawmaker to AIADA: The tax man cometh.

Publication: Automotive News
Publication Date: 14-MAY-07
Format: Online
Delivery: Immediate Online Access
Full Article Title: Lawmaker to AIADA: The tax man cometh.(News)(American International Automobile Dealers Association)

Article Excerpt
Byline: Harry Stoffer

Auto dealers may have a new tax headache.

Rep. John Campbell, R-Calif., warned import-brand dealers last week that congressional Democrats plan to eliminate the alternative minimum tax on middle-income taxpayers. And they want to do so without reducing government tax receipts, said Campbell, a former dealer.

To accomplish that, Campbell predicted, the plan will include an increase in the alternative minimum tax on high-income people. That will affect some business owners, such as dealers, he said.

"This will be a big fight,'' Campbell...



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