Earlier today, President Donald J. Trump, surrounded by supporting stakeholders and public officials including AED’s President & CEO Brian P. McGuire, signed the United States-Canada-Mexico Agreement (USMCA), the long-awaited replacement for the North American Free Trade Agreement (NAFTA).
“AED commends the Trump administration and House and Senate leadership for working in a bipartisan, trilateral manner to modernize and strengthen trade ties between the United States, Canada and Mexico,” AED’s McGuire said following the White House signing ceremony. “As an organization representing companies operating in all three countries, I’m confident the agreement will restore predictability to North American trade markets, creating an environment for greater investment, well-paying jobs and sustained growth. USMCA is a win for the equipment industry, its customers, including contractors and farmers and its manufacturers. I urge the Canadian Parliament and Senate to support its swift ratification.”
AED has actively advocated USMCA’s approval in both Washington, D.C., and Ottawa. The Canadian Parliament is expected to consider the trade pact over the next few weeks formally.
To view AED’s CUSMA letter urging Canadian members of Parliament to support CUSMA, click here.
To view AED’s USMCA letter supporting House passage from December 18, 2019, click here.
To view AED’s USMCA support letter to Congress from April 9, 2019, click here.
To view AED’s statement urging expeditious consideration of the USCMA from Dec. 1, 2018, click here.
Contact AED’s Vice President of Government Affairs Daniel B. Fisher with questions or input related to the USMCA or other policy issues.
To view the picture taken outside The White House, click here.
Schaumburg, IL- Associated Equipment Distributors is pleased to present highlights of the highly successful Summit Meeting & CONDEX held January 14-17 at the Hyatt Regency Hotel in Chicago.
“I’d like to thank all the dealers, manufacturers and service provider partners who attended our 2020 Summit & CONDEX,” stated AED President & CEO Brian P. McGuire. “It was an outstanding event and we continue to strive to deliver high-quality events and services for our great members. We look forward to seeing you throughout the year and at the 2021 Summit & CONDEX January 12-15 in Las Vegas at The Mirage.”
Highlights of the 2020 Summit & CONDEX included:
-Ron Barlet, President of Bejac Corporation in Placentia, CA, was elected to chair the 2020 AED Board of Directors.
-Jim Behrenwald of AIS Construction received the Morton R. Hunter, Sr. Distinguished Industry/Association Contribution Award
-Michael Vazquez of MECO Miami received the Chairman’s Award
-Diane Benck of West Side Tractor Sales received the P.E. MacAllister Democracy Award
-Liebherr Construction Equipment Company received the Foundation Partner Award
-LBX Company received the Foundation Champion Award
-Steve Johnson of The AED Foundation received the Lester J. Heath, III Award
-Jonathan Campbell of Wheeler Machinery received the Paul D. (Bud) Hermann Emerging Leaders Award
-The AED Foundation honored eight technicians for the 2019 Technician of the Year Awards:
- Canada: Clayton Kennon from SMS Equipment
- Great Lakes: Randy Ciolkosz from Miller-Bradford & Risberg, Inc.
- Midwest: David R. DeGood from Bobcat Enterprises, Inc.
- Northeast: Steve French from Rock & Recycling Equipment, LLC
- Rocky Mountain: Loren O’Connor from Sunstate Equipment Co., LLC
- South Central: Dalton Koelzer from Vermeer Texas-Louisiana
- Southeast: Jeremy Scott from Ford Ascendum Machinery
- West: Jake Dugger from Coastline Equipment
-The AED Foundation raised more than $250,000 at The AED Foundation Gala
-Total attendance was 1,690, including 589 distributor members.
-136 CONDEX exhibitors and 69 hospitality suites
Be sure to download event photos at bit.ly/2020aedsummitphotos.
On December 18, Associated Equipment Distributors (AED) delivered a letter to House leadership, expressing the association’s support for the United States-Mexico-Canada Agreement (USMCA).
Last week, the Trump administration and congressional negotiators announced a resolution to move forward on consideration of USMCA, the proposed replacement for the North American Free Trade Agreement (NAFTA). The House is expected to vote on the new trade accord before leaving Washington for the year, and its anticipated the Senate will consider it early in 2020.
“AED commends the Trump administration and congressional leaders for working in a bipartisan manner to craft an agreement that modernizes and strengthens trade ties between the United States’ closest allies and partners,” said Brian P. McGuire, AED’s President & CEO. “USMCA will restore predictability to North American trade markets, creating an environment for greater investment, well-paying jobs and sustained growth. USMCA is a win for the equipment industry, and we urge all members of the House to support the agreement when it’s voted on by the chamber.”
AED has actively supported congressional approval of USMCA, making it a top policy priority and working in partnership with the USMCA Coalition.To view AED’s USMCA Support Letter to Congress from April 9, 2019 click here.
To view AED’s Statement Urging Expeditious Consideration of the USCMA from Dec. 1, 2018 click here.
Facts sheets about the final agreement are available:
Contact AED’s Vice President of Government Affairs Daniel B. Fisher with questions or input related to the USMCA or other policy issues.
On October 21, AED submitted comments supporting several modifications to the hours of service (HOS) rules in response to a notice of proposed rulemaking (NPRM) issued by the Federal Motor Carrier Safety Administration (FMCSA).
AED believes the HOS regulations shouldn’t apply to equipment service technicians, as driving is ancillary to these individuals’ primary job functions. However, based on member feedback, the association supported the following modifications, most of which were contained in FMCSA’s NPRM that will offer greater flexibility and efficiencies for AED members:
- Providing one set of HOS rules for short-haul operations, wherein a CDL driver would be exempt from the requirements if the driver operates within 150 air-miles of the work reporting location and completes the workday within 14 hours;
- Eliminating the short-haul rule’s return to work reporting location requirement to allow the driver to establish the origin point for that duty period, as opposed to returning back to the normal work reporting location;
- Granting drivers the flexibility to extend the 14-hour daily duty window by up to three hours in a single off-duty break; and
- Allowing drivers to drive for an additional two hours beyond the 14-hour driving window during adverse conditions, such as inclement weather.
Following its review of the comments, FMCSA is expected to release a final rule in 2020.
AED also joined a broader group of national construction organizations on joint comments supporting the above reforms. Additionally, the coalition urged FMCSA to pursue a comprehensive exemption for commercial motor vehicles operating in construction-related industries, including drivers of equipment service vehicles that maintain, repair and service construction equipment and other machinery. AED will continue to work both individually and with other organizations to pursue broader relief for the industry.
To view AED’s comments to the NPRM, please click here.
To view AED’s comments submitted on October 10, 2018, responding to FMCSA’s advanced notice of proposed rulemaking, click here.
Contact AED’s Vice President of Government Affairs Daniel B. Fisher with questions or input related to the HOS comments or other policy issues.
The Internal Revenue Service (IRS) recently issued proposed regulations governing IRC §168(k), which after the Tax Cuts & Jobs Act’s enactment, permits bonus depreciation (100 percent through 2022) on certain equipment purchases. The new proposal gives construction equipment dealers that sell other types of equipment or vehicles (such as trucks and farm equipment) greater flexibility to take advantage of bonus depreciation.
AED strongly supports 100 percent bonus depreciation and has a long track-record of advocating for capital investment incentives in Washington. The Association was instrumental in ensuring that construction equipment distributors are able to take advantage of the tax law’s full expensing provision by successfully lobbying to remove “construction machinery and equipment” from a carve-out prohibiting dealers with floor plan financing from utilizing bonus depreciation.
Since the Tax Cuts & Jobs Act’s passage, AED has worked with the Department of Treasury, IRS and Congress on the law’s implementation, which included urging relief for AED members that sell construction equipment and other machinery or vehicles, such as farm equipment and trucks, to utilize bonus depreciation.
The IRS’s proposed regulations grant much-needed flexibility to equipment dealers by clarifying that dealerships with floor plan financing indebtedness are ineligible for bonus depreciation only if such interest is in fact “taken into account” and a company received a benefit from section 163(j)(1)(C) (i.e., if total business interest expense, including floor plan financing interest, exceeds business interest income plus 30 percent of adjusted taxable income). Additionally, this is an annual test, allowing dealers that may have been prohibited from taking advantage of bonus depreciation due to excessive business interest in one year to utilize it subsequently.
It’s imperative that equipment dealers consult with your CPA and tax attorney to determine the impact on your company. The IRS is accepting public comment on the proposal, but taxpayers may rely on the determinations until a final rule is issued. Please provide any feedback and concerns to AED’s Vice President of Government Affairs Daniel B. Fisher.
Review the bonus depreciation proposed regulations and the docket visit here.
On July 29, the Senate Environment & Public Works (EPW) Committee’s leadership released a five-year, bipartisan highway reauthorization bill. The America’s Transportation Infrastructure Act authorizes $287 billion over five years, including $259 billion to maintain and repair America’s roads and bridges. The investment levels represent an increase of over 27 percent from the FAST Act, the current highway bill that expires on Sept. 30, 2020. The proposal was introduced by EPW Committee Chairman John Barrasso (R-Wyo.) and EPW Committee Ranking Member Tom Carper (D-Del.) along with Transportation & Infrastructure Subcommittee Chairman Shelley Moore Capito (R-W.Va.) and Transportation & Infrastructure Subcommittee Ranking Member Ben Cardin (D-Md.).
“AED commends the Environment & Public Works Committee’s leadership for working in a bipartisan manner to provide a framework for essential investments in our nation’s surface transportation infrastructure,” said AED’s President & CEO Brian P. McGuire. “The America’s Transportation Infrastructure Act is a great step to modernizing the United States’ decaying roads and bridges while creating sustained economic growth and job creation, improving our nation’s safety and security, and enhancing quality of life for all Americans. Construction equipment dealers are eager to provide the machinery to rebuild the country and AED urges support for the legislation.”
The EPW Committee is scheduled to consider the America’s Transportation Infrastructure Act on July 30. If approved, it will go to the Senate floor. However, other committees of jurisdiction must still consider components that will be combined to form a final surface transportation reauthorization package before full Senate action, including the Senate Finance Committee, which must identify the revenue to fund the proposed investment levels.
In addition to road and bridge funding, the America’s Transportation Infrastructure Act also codifies key pieces of the administration’s “One Federal Decision” policy to streamline project delivery.
The text of the legislation is available here.
A summary of the legislation is accessible here.
A section-by-section analysis of the legislation is available to read here.
For questions or comments, please contact AED’s Vice President of Government Affairs Daniel B. Fisher at email@example.com or 202-897-8799.
Yesterday, Prime Minister Justin Trudeau was joined on stage in Ottawa by five senior cabinet members to announce that the government has approved the Trans Mountain expansion project. The government purchased the pipeline for $4.5 billion a year ago and has conducted consultations since that time to overcome hurdles in the project’s development.
In response to the government’s actions, AED’s President & CEO Brian P. McGuire said, “AED commends the government for approving the Trans Mountain pipeline, a long-overdue step that is in Canada’s national interest. The project will generate considerable economic activity, creating jobs across the construction sector. AED members are ready to provide the equipment needed to complete the pipeline and the resulting infrastructure projects.”
It is anticipated the project will ramp up immediately, with shovels in the ground during the 2019 construction season. The government’s announcement also calls for investment in climate change mitigation projects across Canada and indigenous groups will have the opportunity to own shares of the pipeline.
While the announcement is welcomed news, court challenges are likely in the near future. Stay tuned to AED for updates as more details emerge.
On May 17, the United States, Canada and Mexico announced an agreement to remove tariffs on steel and aluminum imported from each of the countries. The move will lift the 25 percent steel and 10 percent aluminum tariffs the United States imposed nearly a year ago, which resulted in retaliatory measures from Canada and Mexico. AED opposed the tariffs and frequently warned the Trump administration about its impact on the construction equipment industry and broader sector.
In response to the agreement, AED’s President & CEO Brian P. McGuire issued the following statement:
“AED commends the United States, Canadian and Mexican governments for reaching an accord to remove the steel and aluminum tariffs. The tariffs were disrupting the supply chain and increasing costs for equipment distributors, manufacturers and customers. Congress must now approve the United States-Mexico-Canadian Agreement.
“The USMCA modernizes and strengthens the trade ties between the three countries, which will boost economic growth and job creation in North America while providing trade certainty for the construction equipment industry.”
This morning, in the shadow of the U.S. Capitol, Michael Vazquez of MECO Miami, Inc., demanded bipartisan congressional action on infrastructure investment legislation. Vazquez serves on AED’s Executive Committee as the association’s vice president of membership.
Vazquez spoke during a Capitol Hill press conference, where he was joined by Rep. Earl Blumenauer (D-Ore.), a senior member of the House Ways & Means Committee, and Rep. Rodney Davis (R-Ill.), the top Republican on the House Highway & Transit Subcommittee, as well as several other senior construction industry leaders. The event was organized by the Highway Materials Group, a coalition of trade associations representing companies that provide the materials and equipment essential to building America’s roads, bridges, highways, airports and water infrastructure. AED is a leading member of the Highway Materials Group.
Echoing the sentiment of AED members across the country, Vazquez said, “For the last decade, the construction industry has been plagued with uncertainty due to inaction on a long-term infrastructure plan. In particular, the Highway Trust Fund’s inadequate resources prevent states from planning significant projects, which, in turn, means contractors aren’t investing in new equipment, hindering economic growth for equipment dealers.”
Vazquez further detailed how Congress’ failure to invest in infrastructure impacts his company, employees and customers, while demanding congressional action. “I routinely talk to customers that forego purchasing equipment due to the uncertainty about how much construction work will be available,” Vazquez said. “My employees who are delivering equipment to customers or servicing machinery on a job site are wasting time and fuel in traffic due to the country’s inadequate infrastructure. Our failure to invest impacts everyone’s quality of life, the competitiveness of our businesses, and the safety and security of our country.”
Vazquez’s participation in the press conference coincides with the Highway Materials Group sponsoring national television advertisement buys over the next two weeks calling for Washington to fund infrastructure investment now. The ads, titled “Life Won’t Wait,” shows the human consequences of our crumbling infrastructure, and how it affects our daily lives. Targeted at the White House and Republican and Democratic congressional leaders, the ads will run in the Washington, D.C. media market on Fox News, CNBC, CNN and MSNBC.
With infrastructure discussions heating up, AED’s Washington Fly-In from June 11 to 13 comes at a pivotal time. It’s going to take the personal engagement of business leaders around the country to make infrastructure investment legislation a reality. The Washington Fly-In is your chance to join other industry leaders to advocate for your company and the construction equipment sector. Register today!
On April 24, at the request of House Transportation & Infrastructure Committee leadership, AED submitted its infrastructure-related policy priorities as the panel develops both public works-focused bills and begins reauthorization of the Fixing America’s Surface Transportation (FAST) Act, the most recent highway bill.
In its submission, the Association focused on policies that directly impact AED members primary product markets and cost-of-doing business, including:
- Increasing revenue to ensure the federal highway program’s long-term solvency;
- Investing in other infrastructure projects, including pipes, water systems, airports, dams and levees;
- Developing a skilled workforce for the construction equipment industry as part of infrastructure investment legislation;
- Providing relief for equipment service trucks from burdensome hours-of-service regulations; and
- Limiting the expansion of Buy America requirements.
The House Transportation & Infrastructure Committee’s request for stakeholder input is a strong indication that the panel is working diligently to produce infrastructure-related legislation in the coming months, making it a crucial time for AED members to join us in our nation’s capital for the AED Washington Fly-In on June 11-13.
Infrastructure legislation is widely regarded as one area where Congress and the administration can work productively in a bipartisan manner. In fact, President Trump is scheduled to meet with House and Senate Democratic leadership next week to discuss the issue. However, legislative success won’t happen without the engagement of AED members.
On June 11-13, construction equipment industry leaders will storm Capitol Hill to discuss the importance of infrastructure investment, addressing the skills gap, resolving trade uncertainty and providing regulatory relief to job creators. We need your help to ensure the construction equipment industry’s voice is heard! Register today for the 2019 AED Washington Fly-In.