Shonda whipple biography of barack

SEMA News—May 2023

BUSINESS

Minority Rules

For Various Specialty Manufacturers, Go-Fast Marine Performance and Automotive Power Go Hand in Hand

By Eric Colby

For many aftermarket companies, a presence in the marine performance and the specialty automotive markets spurs product development, strengthens OEM relationships, and opens new opportunities. Photo: Shutterstock.com

Millions if not billions of dollars are spent each year on aftermarket automotive products like superchargers, intake systems, carburetors, fuel injectors and more. While the numbers aren’t as big, many of these accessories are purchased for marine use, too.

“Our favorite kind of customer has a ProCharger in the truck he uses for towing his boat that has a couple on it, too,” Ken Jones, CEO of Accessible Technologies Inc., which makes ProCharger superchargers. “Customers love turning up the power level on our automotive kits and on their boats.” The company is based in Lenexa, Kansas, and has an office near the Sonoma Raceway in Sonoma, California, which Jones says is ATI’s biggest market.

For companies like ATI, Whipple Industries, Holley and Edelbrock Performance, maintaining a presence in the marine aftermarket is important for a few reasons. First, for most of them, the go-fast boat market is an untapped opportunity that many want to explore. Second, if a product can last in the harsh marine environment, it should fare well in a car or truck—meaning marine can be a proving ground. Finally, for bigger companies like Edelbrock, the marine market provides opportunities for developing OEM relationships with companies like Mercury Marine, Indmar Marine and Volvo Penta.

“The guy who put an Edelbrock manifold on his musclecar is likely to put one on his boat or put a supercharger on his truck to tow his boat,” said David Page, product manager for the forced induction division at Edelbrock Performance, which is based in Olive Branch, Mississippi, after being in California for

By the SEMA D.C. Office

The U.S. House of Representatives Ways and Means Committee has passed the SEMA-supported American Families and Jobs Act, a legislative package comprised of three bills from Committee Chairman Jason Smith (R-MO): the Tax Cuts for Working Families Act (H.R. 3936), the Small Business Jobs Act (H.R. 3937), and the Build It in America Act (H.R. 3938). The bill includes key provisions that will benefit automotive aftermarket businesses, including a 100% bonus depreciation for qualified property, expanded small business expensing to $2.5 million and the restoration of immediate expensing for Research and Development (R&D) for tax years 2021 through 2025. The bill would also create full expensing for machines and equipment. The American Families and Jobs Act now awaits consideration on the floor of the U.S. House of Representatives.

The Tax Cuts for Working Families Act(H.R. 3936) provides a $4,000 standard deduction bonus in tax years 2024 and 2025 for joint returns and $3,000 for those filing as head of household. The committee estimates that nine out of 10 American households use the standard deduction, which provides tax relief and fewer tax filing headaches.

The Small Business Jobs Act (H.R. 3937) includes multiple provisions designed to help small businesses navigate price increases, worker shortages, and supply-chain failures by cutting IRS red tape, expanding jobs and investment and supporting rural communities. Below are key provisions: 

Expands Sec. 179 small business expensing to $2.5 million. 

• The provision builds on the current $1 million cap under Sec. 179 of the tax code and increases the maximum amount a taxpayer may expense to $2.5 million, reduced by the amount by which the cost of qualifying property exceeds $4 million. The proposal applies to property placed in service in taxable years beginning after December 31, 2023. 
• Sec. 179 allows a taxpayer to expense the cost of qualifying property rather than to re

1996 American TV series or program

To Face Her Past is a 1996 American televisiondrama film directed by Steven Schachter. Based on a true story, the film stars Patty Duke, Tracey Gold, David Ogden Stiers, Gabrielle Carteris and James Brolin. It aired on CBS on November 12, 1996.

Plot

Beth Bradfield is a housewife with what appears to be a stable life in an American village. One day, her 24-year-old daughter Lori, who is married to Jesse Molina and recently gave birth to his daughter Molly, unexpectedly collapses and is hospitalized. After several tests, she is diagnosed with leukemia. Her doctor reveals to Beth that Lori is in urgent need of a donor, though her rare blood type makes finding one a difficult task.

After a period of time without finding a donor, during which Lori's health worsens, Beth realizes that only confronting a dark secret from her past can save her daughter: when Beth was eighteen years old, she was set to marry a young man named Greg Hollander, and shortly after found out that she was pregnant. She gave birth to a daughter, but gave her up under the immense pressure of Greg's parents Vic and Kate, who felt that Greg and Beth were too young to start a family. Megan was raised by her grandparents, under the pretense that her mother abandoned her.

Back in the present, Beth meets Megan for the first time since her birth. Megan, now a successful vice-president for a company, has not been able to forgive her mother over the years, and refuses to help her. She later decides, though, that she wants to do all that she can to help save a woman's life, and agrees to be Lori's donor, though she makes clear that wants nothing to do with Beth. After Lori finds out that her donor is her sister, she bonds with Megan. Over the time, Megan's hostile behavior towards Beth disappears.

Trouble starts again when the doctor informs Beth that tests with Lori's father are essential. What Beth has been fearing for yea