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Rent-to-own News
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Rent-to-own News - Senate health care bill introducedDemocratic Senate majority leader Harry Reid of Nevada, Wednesday unveiled his party's proposal for overhauling the health care system, outlining legislation Democrats say would cover most of the uninsured while reducing the federal budget deficit. The impact the proposed legislation would have on small businesses differs from the House version of the bill introduced last week.
The National Federation of Independent Business, representing many small businesses, remains opposed to the House version of the legislation.
Republicans and some independent budget analysts said, however, that the savings might not be fully achieved because they were based on unrealistic assumptions about a sustained increase in Some economists say the tax could slow the growth of health spending by encouraging employers to pare back health benefits. Many labor unions oppose the tax.
Senate Democratic aides said the payroll tax increase would raise $54 billion over 10 years.
By contrast, the main source of new revenue in the House bill is a surtax on high-income people. The tax would be 5.4 percent of adjusted gross income exceeding $1 million for couples and $500,000 for individuals.
Reid’s bill would also raise revenue by levying annual fees on health insurance companies and pharmaceutical manufacturers. The Finance Committee would have imposed fees of $4 billion a year on manufacturers of medical devices, but Reid decided to cut those fees by half.
Under the bill, most people would be required to carry insurance. A person without insurance could be required to pay a financial penalty, starting at $95 in 2014 and rising to $750 in 2016, with a maximum of $2,250 for a family.
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RTOHQ: The Magazine
RTOHQ: The Magazine is the Association of Progressive Rental Organizations' award-winning rent-to-own industry magazine, and it's available here. | |||
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Click the links below to download each article as a PDF
Complete issue of RTOHQ: The Magazine | July-August 2010
David Lane, APRO's 2010 Employee of the Year by Murlin Evans David Lane, an Indiana-based Premier Rental-Purchase employee, is known for many selfless deeds that help his community and inspire his company.
by Murlin Evans Louise Brown has been a BestWay Rent-To-Own customer in Virginia for 20 years—and her passion for helping those in need runs deep. "I've always believed that if you take care of others, they'll take care of you."
by Kristen Card With a combined 153 years of service to the rent-to-own industry, the APRO staff makes hard work seem easy. Meet the modestly sized group of professionals—plus a real "fat cat"—who work on your behalf.
by Ed Winn III There is a growing movement to "nudge" consumers' behavior. Consider it a subtle attack on the flank of individual freedom that, if allowed to develop unchecked, could set its sights on rent-to-own. It if does, the results for rental dealers will not be pretty. A recap of the highlights at APRO's 2010 Rent-to-Own Convention and Trade Show, held July 19–22 in Louisville, Kentucky. In addition to learning, purchasing and socializing, rental dealers and vendors gathered to celebrate the association's 30th anniversary.
Cover illustration by Dave Cutler
See the current issue of RTOHQ: The Magazine... [PDF format] [HTML format]
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Association of Progressive Rental Organizations 1504 Robin Hood Trail Austin, Texas 78703 800/204-2776, ext. 103 Fax 512/794-0097 |