Statement from Kim Rominger on Congressional Tax Reform Framework

The Equipment Dealers Association (EDA) is optimistic with the recent release of a Congressional Tax Reform Framework. The plan proposes a number of reform provisions for which EDA has been lobbying. These provisions include the full repeal of the estate tax and a new tax rate of 25% for pass-through entities, such as partnerships and sole proprietorships.  EDA’s President and CEO, Kim Rominger voiced his approval today.

“One of the most important things that we do at EDA is pursue a positive business environment for our dealers. We are pleased to see that the reform plan released by the “Big 6” is consistent with EDA’s tax reform priorities. Lowering the tax rate for pass-through entities and eliminating the estate tax will have a profound impact on our dealers as well as their customers. It’s really rural economic development 101. Be fair to small business owners and they will take care of their employees and their communities will reap the benefits. EDA will continue to work in the coming months to ensure that members of Congress in both parties vote to advance pro-growth tax reform that supports rural economies and small businesses.”

EDA will continue to monitor tax reform efforts as they progress in the House and Senate and will provide EDA members with updates as they become available.