business owners,”Haller says.
Another area IFA worked aggressively on
pertained to the current “Bush-era” tax rate
that was extended by President Obama at the
end of 2010 – both corporate and individual
tax rates, Haller says. “Those are the same
rates set to expire again at the end of 2012,” he
says. “We’re hoping that Congress and the
President will sign that into law so that our
members get some more relief for an
extendedperiodof time.”
A policy issue posing a challenge for the IFA
UNDUE BURDENS
is the Affordable Care Act, which is not
suppor ted by the org ani zat ion .
Members were hopeful that the U.S.
Supreme Court was going to declare it
unconstitutional, but the law was passed
and now they are dealing with the
repercussions. Haller says the bill has
created a regulatory environment where
many IFA members are trying to figure
88 | BusinessWorld |
May 2014
