According to Lew Weiss, manufacturing makes up 20-percent of the nation’s GDP. In many ways it is the engine that drives the economy. So, it is with concern, that manufacturers watch the new tax overhaul bill making its way through Congress. “This is a tax overhaul measure that is being change almost on a daily basis and we want to make sure Congress knows we need further incentives to grow and protect our industry,” says the co-host of ‘Manufacturing Talk Radio’ and CEO of All Metals & Forge in NJ Lew Weiss (see short bio below). Key Senators from Michigan, Ohio, Pennsylvania and Oregon have expressed concern tax reform could chop away at manufacturing incentives and further weaken the industry. They have made clear current tax incentives, which could be eliminated, are vital to job creation. “Congress needs to understand that our industry is quickly evolving and only protections and incentives can keep it moving in the right direction,” says Weiss.
Sign up (on the right side) for the instant free Financial Survival Toolkit and free weekly newsletter.