Association of Equipment Manufacturers (AEM) President Dennis Slater issued the following statement in response to the tax reform framework released on Wednesday (Sept. 27) by members of Congress:
AEM members support a simpler tax code that provides relief to both conventional corporations and “pass-through” businesses, a designation which includes a number of equipment manufacturers and their customers.
The unified tax reform framework released today by leaders in Congress goes great lengths toward meeting AEM members’ goals. Equipment manufacturers currently suffer from a tax code that puts U.S. manufacturers at a disadvantage versus our global competitors. Our industry stands with those in Congress who propose commonsense, permanent tax relief that will renew America’s manufacturing strength.
The current debate over tax reform is a moment of truth for our elected leaders. We will work in the coming months to encourage members of Congress in both parties to deliver on their pledge to advance pro-growth tax reform that supports manufacturing in America.
NOTE: AEM will be releasing the findings from a more detailed tax reform research project in the coming weeks, along with new advertising and grassroots advocacy efforts intended to help advance the industry's priorities for tax reform.