The American International Automobile Dealers Association, a group that represents dealers of imported cars in the United States, is concerned over a farm bill currently under review in the U.S. House that would increase taxes on the U.S. subsidiaries of foreign companies.
Though the bill is actually a farm bill and isn’t aimed directly at foreign carmakers, if passed, its consequences would include increased taxation of foreign-badged cars, even those produced in the United States.
The tax proposal has been accused of blatant protectionism, according to Cody Lusk, president of the dealer group, who was quoted in Automotive News. The tax proposal is designed to discourage foreign investment in the U.S.
