In a joint effort, the American Rental Association (ARA), Associated Equipment Distributors (AED), Association of Equipment Manufacturers (AEM) and the North American Equipment Dealers Association are urging for lawmakers to take action from the United States Senate and House of Representatives.
These organizations are concerned with the sharp declines reported by the United States Department of Commerce in nonresidential investment, down 7.9 percent and investment in equipment and software which is down 5.5 percent on top of a 5.0 percent drop in the second quarter of 2008. The call for action includes passing a job creation and economic recovery package that includes both increases in federal infrastructure spending and extends for two years, the capital investment incentives in the Economic Stimulus Act of 2008.
