IREM Government Affairs Media Clips

A bit delayed, here are the Government Affairs media clips from the first week of August. In addition to the articles below, be sure to check out the two new articles under IREM’s Top Legislative News webpage. IREM participated in the recent revision of the Uniform Residential Landlord and Tenant Act. The National Credit Union Administration proposed changes to credit union lending, an issue we have long advocated. Read our revised Policy Priorities as well for some recent updates.

16 keys to understanding terrorism risk insurance in 2015
BY JAYLEEN R. HEFT, PROPERTYCASUALTY360.COM
8/6/15

Two bombs detonated within seconds of each other near the finish line of the Boston Marathon, killing three and injuring more than 180 people. Gunmen killed 12 at the office of a French satirical magazine.

A gunman killed nine in an attack at Emanual African Methodist Episcopal Church in Charleston, S.C. Another gunman killed four Marines and a Navy sailor at two locations in Chattanooga, Tenn. A man flew his single engine plane into the Austin, Texas, IRS building, killing himself and one IRS employee and injuring 13 others.

[Related: Here are the 10 worst terrorist attacks of all time in terms of insured losses]

These incidents are just a few examples of acts of terrorism and terrorism-related violence that continue to increase worldwide. And recent lone-wolf attacks keep the threat of terrorism on the minds of U.S. business owners and executives.

Hillary Clinton’s Capital Gains Tax Change Misses the Mark
By Victor Fleischer
7/28/15

Hillary Rodham Clinton’s proposal to increase capital gains taxes for well-off individuals who hold investments for less than six years has a certain appeal. The plan is likely to raise effective tax rates on the top 1 percent of taxpayers, and some might wish to support it for that reason. But it seems more show horse than workhorse: It would do little to accomplish its stated goal of aiming at what Mrs. Clinton called “the tyranny of today’s earnings report.”

Under current law, gains from assets held for more than a year often qualify as long-term capital gains, which are taxed at a top rate of 20 percent. Under Mrs. Clinton’s proposal, for individuals in the top bracket, the tax would start at 39.6 percent for investments that taxpayers maintained for two years or less, then gradually decrease after that, back to the 20 percent rate only for assets held for more than six years. Taxpayers outside the top bracket, which starts at about $465,000 for married filers, would see no change.

Salt Lake City launches war on homeless problems
7/28/15

Salt Lake Mayor Ralph Becker and Police Chief Mike Brown Tuesday announced a two pronged attack to deal with the mounting homeless crisis downtown.

The first step is to crack down on crime. Get rid of all the drug dealers, rapists and prostitutes who mingle with the homeless around the shelters on Rio Grande near 200 South. Especially the drug dealers says the Mayor. “Buyers and sellers who travel here to purchase drugs in this area. If you come here, you will go to jail” warns Becker.

Police Chief Brown says many of the drug dealers are low level players from Mexican cartels and they blend in with the homeless. So the Chief will be increase police presence in the area. There will be more undercover narcotics officers and permanent bike patrol officers, 6 to 12 on any given shift. They will get to know the folks in the area, sort of like beat cops. “They can now stay here. This is their beat. This is their turf to defend, so to speak. When there’s a problem or an issue, they’ll be responding,” said Chief Brown.

Elon Musk: Tesla Powerpack Doesn’t Need Renewables, Battery Market ‘Staggeringly Gigantic’
By Jeff McMahon
8/5/15

Tesla has received more than 100,000 battery reservations that would be worth more than $1 billion, Musk reported, if they translate to sales.

“These are reservations so reservations may be an order or maybe not,” Musk said. “But this is what people say they want.”

The company plans to ramp up, produce and sell $40-$50 million in batteries in the Fourth Quarter. Next year it will produce ten times that many, Musk said. And in 2017 sales should amount to another five to ten times more.

About the Author
Andrew Lomo is the Government Affairs Liaison for IREM headquarters, working on industry legislative issues at the national, state, and local levels and assisting IREM Chapters in their public policy needs.


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