AUTO DEALERS CRITICAL TO YOUR CITY’S TAX REVENUE
by Grant Cardone
Retail auto dealers are critical and vital to the survival of your city, county, and state tax revenues. This country’s economy is ultimately more dependent upon the survival of your local auto dealer than even the much publicized auto manufacturers. Without dealers buying and selling product no plan to assist the manufactures will be successful.
Auto dealers generate the much needed revenue to city, county and state budgets with some municipalities receiving as much as 30% of all tax revenue from the tax revenue generated from auto sales. Newspaper, TV and radio advertising are dependent upon the dollars auto dealers spend in order to fill their papers and ad time.
Auto dealers represent main street-middle class America providing over one million managerial, mechanics, technicians and sales positions. These jobs range from minimum wage to very high paying management salaries including bonuses and commissions providing for incomes at the middle-class level that would not be otherwise available.
In 2008, 128 car dealerships closed in the state of California while registrations of new cars and light trucks declined 23%. The much depended upon tax revenue dropped as much as 30% in some of those cities.
If car dealers are unable to purchase new cars from the manufacturers the factories will reduce output, entire industries dependent upon manufactures will fail, more jobs will be lost and more importantly, cities dependent upon that tax revenue will bleed red ink. This will negatively impact those services we all take for granted such as schools, hospitals, police and fire departments, teachers salaries, water systems, utilities and more.
Auto dealers are some of the best and most basic examples of the entrepreneurial spirit in this country and as they succeed or fail so does middle class America and the infrastructure of the cities we live.
‘The Car-Done Bill’ proposes that Auto Dealers with be provided immediate but temporary federal tax credits for any and all new or used car purchases for the entire year of 2009. Consumers would also be provided with temporary tax credits up to 15,000. These incentives would create a tremendous and practical stimulus, pumping much needed tax dollars into the city and state coffers without costing the American taxpayer a dime. This is not a bail out this is a stimulus. Remember without the tax revenues municipalities around the country will further strain the Federal Government because when communities run out of money they go to the state and when the state runs out they go to the Federal Government. The financial viability of the city and state you live in depend on the financial health of your local retail car dealers.
(This article has been viewed by over one million people. Click here
to get a copy the link to this article so you can forward it to your auto dealers and your state representatives so that auto dealers are properly represented in Washington.)
CLICK HERE TO See Grant Fight for Auto Dealers on Fox TV
Grant Cardone, Author of Sell to Survive
(Mr. Cardone is NOT an Auto Dealer but a Concerned Citizen)