With the presidential election just over a month away, the Vice Presidential picks took center stage this week to debate. While all eyes continue to be squarely focused on Clinton and Trump--and especially Trump's Twitter--the vice presidential candidates pushed hard for their tickets. Mark your calendars for this Sunday as the presidential contenders once again face off in St. Louis in the second series of debates.
International Trade and International Automobile Dealers
Inside the beltway and back home, a spirited debate is underway about the United States' role in an expanding and increasingly connected global economy. All too often this debate minimizes a complex issue into a simple "us vs them" dichotomy that overlooks the real and tangible benefit to American businesses and consumers that comes with embracing open markets and global trade.
From my perspective, representing America's international nameplate automobile dealers of brands like Honda, Toyota, BMW and others, I know that many who are characterized as "them" are often among the most recognizable members of their communities. They are businessmen and women, sponsoring little leagues, participating in local chambers and economic development boards, and contributing substantially to the tax base needed to support and meet the needs of their communities.
The debate and associated rhetoric surrounding global trade is characterized by a prevailing sense of doom and gloom that breeds a palpable fear of job loss in historically competitive marketplaces. As leaders in the automotive industry, we seek to correct the misconception that when a consumer chooses to purchase an international nameplate vehicle from their local dealership they are in any way harming the U.S. economy or job market. It's quite the opposite. When you buy a Hyundai, or a VW, or a Nissan, that purchase creates good-paying American dealership jobs, from salespeople to technicians. And, more likely than not, that vehicle was built in an American plant by American workers. Fifty-six percent of all international makes sold in the United States are also built here in 17 plants located in nine states. Those manufacturing plants exist because of trade, and so do the more than 126,000 American jobs they directly create.
To read more for AIADA President in The Hill, please click HERE.
AIADA Has a New Look, Same Great Advocacy
AIADA Chairman Greg Kaminsky writes that earlier this week, AIADA unveiled a new logo in conjunction with the first of a series of pro-trade advertisements printed Automotive News. The refreshed look, which replaces our 15-year old red and blue logo, includes a stylized image of the United States Capitol dome, a visual reminder of AIADA's commitment to representing international nameplate dealers in Washington, D.C. Along with the new logo, AIADA kicked off an ad campaign in Automotive News earlier this week with the first of a series of pro-global trade ads designed to counter the anti-trade rhetoric crowding newspapers and airwaves today. Click here to see the ad. The ads will focus on the three pillars of trade: Community, Economy, and the Consumer. Our dealerships rely on trade for their very existence, so we must be relentless in support of trade, hammering home the value the global marketplace brings to our country. Read the rest of Kaminsky's column on AIADA's new look and trade campaign here.
Everything You Need to Know About Trump and Clinton's Second 2016 Presidential Debate
Photo credit: Politico
When is the second debate between Hillary Clinton and Donald Trump?
The second debate will take place Sunday, October 9, 2016 at Washington University in St. Louis.
What time is the debate and how long will it last?
The debate starts at 9 p.m. E.T. and will go for 90 minutes without commercial breaks.
How can I watch the debate?
The debate will air on major television networks as well as the websites of the leading cable channels and C-SPAN.
How can I watch the debate online?
The websites for major television networks, including MSNBC and ABC News, will livestream the event.
To read more from Politico, please click HERE.
Rep. Kristi Noem: My Father's Tragic Death and Hillary Clinton's Tax Plan
You don't forget moments like this – the ones that come so unexpectedly, shoving a pit into your stomach. I was 21-years-old and nearing the due date for my husband Bryon and my first baby. That's when the phone call came: "Kristi, your dad is stuck in a grain bin." I knew instantly what it meant.
By the time I got to the farm, neighbors and friends had taken payloaders and ripped down the grain bin trying to find my dad. When they finally did, our neighbors started doing CPR until the EMTs took over. I followed the ambulance to the hospital with my family and the doctors fought to save him for hours. Nothing worked. That night, we lost my dad – this man who had seemed invincible to me.
Not too long after the accident, while we were still trying to pick up the pieces, our family received a letter from the IRS. Because of this tragedy, one that undermined our sense of security, the death tax was now about to undermine our financial security.
To read more from Fox News, please click HERE.
Note: AIADA joined with over 3800 organizations and businesses and signed onto the Family and Business Estate Tax Coalition letter to Secretary Lew that defended the rights of small business owners against the Section 2074 regulation change. To view the letter, please click HERE.
In Trade News
When it Comes to Reducing Taxes, Free Trade Makes Us 'Smart' [The Hill]
White House's Last TPP Pitch to Congress: 'What's the Alternative?' [Roll Call]
More Wealth, More Jobs, but Not for Everyone: What Fuels the Backlash on Trade [The New York Times]
In Auto News
The Best Cars to Buy in 2017 [The Christian Science Monitor]
Feds Seek to Eliminate Traffic Deaths in 30 Years [The Detroit News]
Auto Sales Cool in September [Market Watch: AIADA News]
BBC: Do New Yorkers Recognize VP Picks Pence and Kaine?