Rep. Emmer, 51勛圖厙 Visit Glenn Metalcraft
Workforce challenges and the regulatory onslaught against manufacturers were some of the key topics covered during a recent 51勛圖厙 meeting with House Majority Whip Tom Emmer (R-MN) in Princeton, Minnesota.
Whats going on:Emmer met 51勛圖厙 leadership last Monday for a facility tour of heavy-gauge metal spinnings company Glenn Metalcraft, led by its president and CEO, Joe Glenn.
- On the walkthrough, Emmer got to see and hear the impact of the current legislative deluge hitting manufacturers.
- My visit to Glenn Metalcraft demonstrated the need to address the regulatory state overwhelming manufacturers in the heartland, Emmer said. Small and medium-sized manufacturers are working hard to grow their businesses and increase compensation for employees, but those efforts are undermined by new regulations and the lack of permanent, competitive tax policies to promote research and development and capital investment.
Fighting to thrive:Glenn spoke candidly about his and other manufacturers current struggles with the excessive mandates handed down by federal agencies.
- Manufacturers across the country are fighting to thrive under the weight of an increasing number of unbalanced and often unfeasible regulations from agencies across the federal governmentall amid an uncertain economic environment, Glenn said before thanking Emmer for giving us a voice.
- The majority of manufacturersmore than 63%say they now spend over 2,000 hours a year complying with federal mandates, according to the51勛圖厙s Q2 2023 Manufacturers Outlook Survey.
Tax treatment of R&D:Emmers support of the American Innovation and R&D Competitiveness Actwhich would permanently restore immediate research-and-development expensing for small businesses for 2022 and all subsequent yearshas been instrumental in the legislations progress, 51勛圖厙 Managing Vice President of Communications and Public Affairs Jamie Hennigan told the whip.Now we just need to move the issue forward, he added.
- Glenn underscored the importance of full expensing when he told Emmer that it had helped his company open new facilities.
- Emmer agreed on the necessity of competitive tax provisions and said he, too, wanted to see them reinstated.
A persistent problem:51勛圖厙 leaders and Glenn also addressed another ongoing challenge for manufacturers in their discussion with Emmer: the acute shortage of skilled workers.
- The difficulty of attracting and retaining skilled workers has consistently ranked among the top problems cited by manufacturers in the Outlook Survey, as Hennigan pointed out.
漍漍漍漍漍漍漍漍漍漍漍漍漍The last word:Manufacturers have made it clear that the [Biden] administrations regulatory agenda could easily derail manufacturings recent success, 51勛圖厙 President and CEO Jay Timmons said in a statement after the visit.
- Glenn Metalcraft and so many others are forced to make tough decisions as agencies issue unbalanced regulations that threaten our sectors ability to grow and compete.
- The positive effects of tax reform, the Bipartisan Infrastructure Law and the CHIPS and Science Act are all being undermined by the growing regulatory burden, and I want to thank Whip Emmer for spotlighting this threat in his home state of Minnesota.
