FOR IMMEDIATE RELEASE: July 20, 2012 ~ Sherman Oaks, CA. The United Chambers of Commerce has taken the official positions on the following critical issue facing the San Fernando Valley, Los Angeles County and all of California.
Resolutions Taken on July 16, 2012
The following positions were taken:
Extension of Measure R: OPPOSED
In 2008 the voters approved a half cent sales tax for transportation improvements throughout Los Angeles County for the next 30 years. Now we are being asked to extend the half cent sales tax for another 30 years. On November 6, 2012 this will be on the ballot and a 2/3 voter approval is required
AB 2659 - Troops to Trucks: SUPPPORT
This will allow military personnel who drove commercial motor vehicles while serving in the military two years prior to discharge, and meet other strict standards, to waive the driving skills test when applying for a commercial driver's license for a similar vehicle.
SB 1234 - Retirement Bill: OPPOSED
SB 1234 would mandate that all business that do not current have qualifying retirement plans, be required to facilitate, withhold employee payroll deductions, transmit those deductions and provide other administrative services to a yet to be created State of California run Pension Trust. The Bill would create an enormous new state bureaucracy and put the state in direct completion with private business in the administration of private pension plans. An area in which the State has no current expertise. The Co-author of the has stated that he has no intention of complying with ERISA, the Federal body of law that governs Employee Benefits. This fact would then call into question the deductibility of contributions and expenses on a Federal Tax level.
Resolutions Taken on July 16, 2012
The following positions were taken:
Extension of Measure R: OPPOSED
In 2008 the voters approved a half cent sales tax for transportation improvements throughout Los Angeles County for the next 30 years. Now we are being asked to extend the half cent sales tax for another 30 years. On November 6, 2012 this will be on the ballot and a 2/3 voter approval is required
AB 2659 - Troops to Trucks: SUPPPORT
This will allow military personnel who drove commercial motor vehicles while serving in the military two years prior to discharge, and meet other strict standards, to waive the driving skills test when applying for a commercial driver's license for a similar vehicle.
SB 1234 - Retirement Bill: OPPOSED
SB 1234 would mandate that all business that do not current have qualifying retirement plans, be required to facilitate, withhold employee payroll deductions, transmit those deductions and provide other administrative services to a yet to be created State of California run Pension Trust. The Bill would create an enormous new state bureaucracy and put the state in direct completion with private business in the administration of private pension plans. An area in which the State has no current expertise. The Co-author of the has stated that he has no intention of complying with ERISA, the Federal body of law that governs Employee Benefits. This fact would then call into question the deductibility of contributions and expenses on a Federal Tax level.
