Thursday, November 17, 2016
Now the business of governing begins. What does that mean for Americans? What does that mean for car dealers?
Fortunately for businesses, Trump will be working with a Republican majority in both the House and the Senate. He should have a decent chance to advance some of his agenda.
He is likely to seek vast cuts in regulations that have hampered the small businesses across our country. This bodes well for car dealers.
Trump has said he would dismantle Dodd-Frank Wall Street regulation. Hopefully, that means he is likely to reel in the Consumer Finance Protection Bureau. Regardless, the environment is right for NADA's S 2663, our next effort to tame the CFPB, to be passed.
He has indicated a desire to revise our tax system to make our business tax rate more competitive to keep jobs in America, create new opportunities and revitalize our economy. Again, this likely will serve for small businesses well.
NADA's agenda should find a more favorable environment across the regulatory agencies in DC. That should mean less government in our dealerships.
Hopefully, Trump can focus on those issues that will find some consensus in Congress. There are many issues that both sides agree need attention. Mr. Trump, stay with those....and relinquish your Twitter account!