Capital Briefing: July 17, 2015

Capital Briefing

#Manufacturing Tweet of the Week

Details: Martha Sprague, (202) 637-3083.


This Week in Washington

Patchwork Solutions Don't Work.
With the current highway bill set to expire on July 31, the House approved, by a vote of 312–119, another short-term stopgap: the Highway and Transportation Funding Act of 2015 (H.R. 3038), introduced by Reps. Bill Shuster (R-PA) and Paul Ryan (R-WI).

The bill extends critical transportation funding through December 18. The Senate is expected to take up its own legislation soon.

Prior to the vote, the NAM weighed in with House members about our earlier Key Vote letter urging support for the undisrupted funding of highways and infrastructure.

While funding approval is needed before the end of the month to prevent a suspension of payments to states for road, bridge and transit work, a temporary patch does not address the long-term needs of our nation’s infrastructure.

Take action now to tell your lawmakers in the House and Senate to pass a well-funded, multiyear surface transportation authorization this year to ensure manufacturers’ competitiveness and create jobs. Congress needs to hear why sound infrastructure is critical to your company.

Details: Robyn Boerstling, (202) 637-3178.

Hot Topic

NAM Leads Industry Push for New MTB Process.
The NAM and 51 other trade associations called on the Senate Finance and House Ways and Means committees this week to include provisions in the conference report to the Trade Facilitation and Trade Enforcement Act (H.R. 644) that will provide for a transparent, objective, predictable and regularized process for Congress to consider and enact Miscellaneous Tariff Bills (MTBs).

The NAM continues to spearhead industry efforts to establish a new MTB process that would eliminate unnecessary taxes on imported inputs and products not available domestically. While Congress has addressed these distortions through the enactment of MTBs with strong bipartisan support for three decades, Congress has not renewed MTBs since the end of 2012.

Since MTBs expired in 2012, manufacturers throughout the country have faced an annual $748 million tax increase, and the U.S. economy has suffered a $1.857 billion economic loss.

Please take action and contact members of Congress to urge inclusion of a new MTB process in the conference report to H.R. 644.

Details: Ken Monahan, (202) 637-3078.

Tax, Technology and Domestic Economic Policy

NAM Urges Quick Action on “Tax Extenders.”
On July 13, the NAM and four other business groups urged congressional tax writers to act as quickly as possible on legislation to seamlessly extend and possibly enhance or make permanent important tax provisions, including the R&D credit, bonus depreciation and enhanced expensing.
 
While extending these provisions is important for our economy, jobs and competitiveness, “[F]ailure to extend these provisions is a tax increase that will inject further instability and uncertainty into the economy and weaken confidence in the employment marketplace,” the groups said.

Details: Dorothy Coleman, (202) 637-3077.

Manufacturing in Action

Not your grandfather’s manufacturing: Employees at Phoenix Closures in Naperville, Ill., use the most advanced technologies to make injection-molded closures, such as child-resistant caps.

Photo by David Bohrer/National Association of Manufacturers

Get Involved

Nominate a Manufacturing Leader.
Nominations are now open for our Manufacturing Executive Leadership Program in partnership with the Center for Creative Leadership.

This one-of-a-kind, three-part leadership development program offers senior manufacturing executives the opportunity to strengthen their skills and key competencies to communicate more effectively with a wide variety of constituencies; advocate on behalf of their companies; build coalitions with external stakeholders; and develop the political savvy to navigate the halls of Congress.

Part I of the program will be held October 20–22 in Washington, D.C. Part II consists of two webinars. Part III will be held next June in conjunction with the NAM’s 2016 Manufacturing Summit in Washington, D.C.

Acceptance into the program is done by a nomination process detailed on our website at www.nam.org/MFGLeaders.

Please consider nominating a rising member of your leadership team for this great opportunity to become a stronger manufacturing advocate. All nominations must be received by August 14.

Details: Tiffany Adams, (202) 637-3118.


MFGWorks App Now Available for Android.
Android users can now take advantage of the MFGWorks app. The NAM developed this free app for smartphones and tablets to give employees, families and friends the power to take action in support of manufacturing while they are on the go. A version is also available for Apple devices. Download the MFGWorks app and share it with your colleagues, family and friends. We are all part of a growing manufacturing economy, and we need your help to keep positive momentum on Capitol Hill.

Details: Leann Paradise, (202) 637-3049.

The Week Ahead

Senate Hearings:
TUESDAY — The Judiciary Committee will hold a hearing on misdirected immigration enforcement policies.

WEDNESDAY – The Small Business and Entrepreneurship Committee will hold a hearing to examine targeted tax reform, focusing on solutions to relieve the tax compliance burden for America’s small businesses.

Details: Mahta Mahdavi, (202) 637-3176.

House Hearings:
WEDNESDAY – The Natural Resources Committee will hold a hearing on an analysis of the social cost of carbon. The Repository Committee will hold a hearing on the oversight of the U.S. Department of Agriculture. The Small Business Committee will hold a hearing on how tax compliance obligations hinder small business growth.

Details: Laura Ringdahl Siegrist, (202) 637-3038.

Economic Reports:
Next week, we will continue to get new information on the health of the global economy. Most notably, Markit will release preliminary Purchasing Managers’ Index data for the United States, China, Japan and the Eurozone on Friday, which we hope will reflect improvements from softness earlier in the year.

Also next week, the Kansas City Federal Reserve Bank will report on activity in its district, which has struggled in recent months due to lower energy prices and the stronger dollar. Beyond those measures, we also will be closely following new data on existing and new home sales, leading economic indicators and state employment.

Details: Chad Moutray, (202) 637-3148

Questions or Comments?

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