Alliance for American Manufacturing (AAM) participates in Wisconsin manufacturing roundtable
This week, Alliance for American Manufacturing (AAM) Field Coordinator Meghan McKeefry participated in a manufacturing roundtable hosted by U.S. Representatives Tom Petri (R-WI) and Congressman Reid Ribble (R-WI), in Appleton, Wisconsin. The roundtable brought together local manufacturers and community leaders for a discussion on manufacturing and tax reform.
“Manufacturing is a critical part of our state’s economy and workforce, and Wisconsin manufacturers know what it takes to succeed,” said U.S. Representative Petri. The Congressman opened up the discussion by giving some statistics from the 6th District: Over 85,000 people are in manufacturing, which is the fourth largest Congressional District in the U.S.
The House Ways and Means Committee recently established eleven bipartisan working groups to gather thoughts and suggestions on comprehensive tax reform from manufacturers around the country. This committee is responsible for writing and overseeing all revenue measures, including the tax code. Many of the manufacturers that were present gave input on varying tax credits. Most manufacturers came to the consensus that they would easily give up their “Research and Development” tax credits for a lower tax rate.
About one-third of the manufacturers in the room raised their hands when asked if they had offshore locations. Congressman Reid Ribble posed the question, “Is the American consumer different from the International consumer?” To which, discussion started up that the general public is demanding the ‘best value’ and, as manufacturers, they are responding to what the consumer wants, often at times producing overseas for lower labor costs. The room fell silent when the “Domestic” credit came up and not one person seemed to care about Keeping It Made In America.
The roundtable ended with talk of an education gap, and potential education credits that would help these manufacturers out with tax reform. Most manufacturers at the table presented some feedback as to how the tax code should be re-written or amended.
Pictured: U.S. Representative Reid Ribble with AAM coordinator Meghan McKeefry.
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