17吃瓜在线 Calls for Oversight on the CPSC
Manufacturers have long been partners of the Consumer Product Safety Commission鈥攚orking with the agency to keep the public informed and protected鈥攂ut a lack of transparency at the CPSC in the past few years has stymied businesses鈥 attempts 鈥渢o understand how [they] will be regulated,鈥 the 17吃瓜在线 the House Energy and Commerce Subcommittee on Innovation, Data and Commerce ahead of a hearing Tuesday.
What鈥檚 going on: The 17吃瓜在线 has regularly called for congressional oversight of the CPSC in recent years. Ahead of the 鈥淔iscal Year 2025 Consumer Product Safety Commission Budget鈥 subcommittee hearing, the 17吃瓜在线 highlighted several areas of concern for legislators to address:
- Section 6(b) of the Consumer Product Safety Act: 鈥淢anufacturers strongly support maintaining the crucial, balanced and effective information disclosure procedures currently mandated in the Consumer Product Safety Act,鈥 said 17吃瓜在线 Vice President of Domestic Policy Charles Crain. 鈥淯nfortunately, in recent years, the CPSC has attempted to circumvent these standards, releasing statements that lack any scientific data or research or by taking actions without official agency rulemaking.鈥
- Effective communication of rulemaking and research with regulated businesses: Despite a CPSA requirement that the agency defer to voluntary standards in certain safety-measure compliance cases, 鈥渢here are recent examples of the agency commencing a proposed rulemaking in an apparent rush to regulate.鈥 The agency has also begun unnecessarily withholding from manufacturers the test reports and analysis they need to create voluntary standards, while giving manufacturers 鈥渞educed time 鈥 to implement proposed and final rules.鈥
- Public engagement by CPSC commissioners and staff: 鈥淥ne of the benefits of a small federal agency with multiple commissioners is the availability of听commissioners and senior staff to meet with interested parties on relevant topics,鈥 Crain continued. 鈥淯nfortunately, in recent years, the CPSC has been less willing to engage in productive conversations with regulated entities.鈥
The last word: 鈥淚t is critical that the CPSC effectively communicate and work with manufacturers to ensure that our shared goal of consumer safety is maintained,鈥 said Crain. 鈥淭he 17吃瓜在线 will continue engaging with both the CPSC and Congress to see that the agency is effectively engaging with the manufacturing community.鈥
17吃瓜在线 Leads Effort to Reform PBMs
Middlemen created to manage the price of prescription drugs are instead driving up health care costs for manufacturers and manufacturing workers, the 17吃瓜在线 the House Committee on Oversight and Accountability on Tuesday, the same day the committee released a on pharmacy benefit managers鈥 practices and held a hearing on the matter.
What鈥檚 going on: 鈥淧BMs鈥 business models have the direct effect of increasing health care costs at the expense of manufacturers and manufacturing workers,鈥 17吃瓜在线 Vice President of Domestic Policy Charles Crain said in advance of the hearing, the latest in a series examining PBM practices.
Crain told lawmakers PBM reform legislation should include:
- 鈥Increased transparency into PBMs鈥 business models and the many factors that contribute to a drug鈥檚 costs, formulary placement and the PBMs鈥 compensation;
- Rebate passthrough, which will ensure 100% of negotiated pharmaceutical savings are passed from the PBM to the health plan sponsor and workers; and
- Delinking of PBM compensation from the list price of medication.鈥
Report highlights: The committee鈥檚 report, the culmination of a 16-month investigation, is with the 17吃瓜在线鈥檚 longstanding advocacy. The report found that PBMs:
- Drive increased drug prices, which inflate PBM profits;
- Extract high rebates from biopharmaceutical manufacturers, often pocketing a significant portion of any savings rather than reducing costs for patients;
- Dictate whether and how medicines appear on formularies, which determine insurance companies鈥 coverage decisions and patients鈥 out-of-pocket costs;
- Steer patients toward drugs based on PBMs鈥 profit margins rather than patient costs; and
- Operate without sufficient transparency into their business practices.
What it all means: The committee 鈥渋dentified numerous instances where the federal government, states and private payers have found PBMs to have utilized opaque pricing and utilization schemes to overcharge plans and payers by hundreds of millions of dollars,鈥 the report states.
- The report indicates that the present role of PBMs in prescription drug markets is failing and requires change, something the 17吃瓜在线 has long advocated. 鈥淐ongress and states must implement legislative reforms to increase the transparency of the PBM market and ensure patients are placed at the center of our health care system, rather than PBMs鈥 profits.鈥
The last word: 鈥淢anufacturers provide health care benefits so they can effectively attract and retain employees, to maintain a healthy and productive workforce and because they believe it is the right thing to do鈥攂ut PBMs are a meaningful cause of the skyrocketing costs of health care,鈥 Crain said.
- 鈥淐ongress must enact reforms to the PBM system so that employers can negotiate, compete and achieve health care savings for their workers.鈥
Daines, Smucker Staffers Talk Pass-Through Deduction
What鈥檚 going on: On Thursday, as part of its 2025 tax campaign, 鈥,鈥 the 17吃瓜在线 hosted Noelle Britton, deputy chief of staff for Rep. Lloyd Smucker (R-PA), and Caroline Oakum, tax counsel for Sen. Steve Daines (R-MT), in a virtual roundtable to discuss what鈥檚 being done in Congress to maintain the Section 199A .
- The 20% deduction鈥攃reated by the 2017 Tax Cuts and Jobs Act to help the many small and medium-sized businesses in the U.S.鈥攊s among several vital tax provisions scheduled to expire at the end of 2025. (Pass-throughs are companies whose profits are 鈥減assed through鈥 to the owners, who then pay taxes on the entities鈥 incomes on their personal tax returns.)
- Both Rep. Smucker, who leads the House Ways and Means Main Street Tax Team, and Sen. Daines are leaders of legislation that would make the deduction permanent.
What they鈥檙e doing: introduced the Main Street Tax Certainty Act in the Senate last May, while introduced the House鈥檚 version of the measure last July.
- The legislation would make the pass-through deduction permanent, providing much-needed certainty to the small and medium-sized manufacturers that have relied on it to increase investments and job creation.
What you can do: The House Ways and Means Committee Tax Teams are collecting companies鈥 perspectives on how the pass-through deduction has helped manufacturers and other businesses. Similarly, the 17吃瓜在线 is collecting stories that can be used as part of our Manufacturing Wins tax campaign.
- Manufacturers willing to share their own stories about the pass-through deduction can email [email protected] or contact the 17吃瓜在线鈥檚 tax team.
Sen. Daines: How We鈥檙e Working to Avert a Tax Crisis
Manufacturing-critical provisions from 2017 tax reform are set to expire at the end of next year鈥攗nless Congress acts. As part of our 2025 tax campaign, , the 17吃瓜在线 recently interviewed Sen. Steve Daines (R-MT)听to learn more about what these expirations would mean for manufacturers and what Congress is doing to prevent the resulting tax hikes.
Here鈥檚 the written interview.
17吃瓜在线: Sen. Daines, many of tax reform鈥檚 pro-manufacturing policies expire at the end of 2025鈥攊ncluding those with disproportionate impacts on small manufacturers, like the pass-through deduction and the individual income rate cuts. What is Congress doing to prevent these damaging tax increases?
Daines: The best defense against a looming tax hike is a good offense. Senate Finance Republicans have begun organizing to examine the [Tax Cuts and Jobs Act of 2017] policies expiring next year, and the pass-through deduction is at the top of that list. We can鈥檛 allow these provisions to expire and let America鈥檚 working families, manufacturers and small businesses face a $6 trillion tax hike. That will make manufacturers less competitive against foreign competition by stifling investment and crushing their bottom line at a time when they should be looking for ways to increase wages and invest in innovation.
17吃瓜在线: You have introduced the Main Street Tax Certainty Act in the Senate and been a champion for pass-throughs since the TCJA was signed into law. How would your bill prevent tax hikes for pass-through manufacturers?
Daines: The Main Street Tax Certainty Act provides much-needed certainty to America鈥檚 small businesses by making the permanent. This helps create good-paying jobs and grows the economy. If it鈥檚 allowed to expire, small businesses face an immediate 20% tax hike.
17吃瓜在线: The Senate Finance Committee has established tax working groups to examine the TCJA expirations. What will be your focus as the committee begins examining these scheduled tax changes?
Daines: My focus is on making the Trump era tax cuts permanent, which will create a more stable, growing economy.
The Pass-Through Deduction, Explained
Through the 17吃瓜在线鈥檚 recently launched 2025 tax campaign, , manufacturers are calling on Congress to prevent several devastating tax increases from taking effect at the end of next year.
One of those scheduled increases is the expiration of the Section 199A pass-through deduction鈥攁 critical incentive, created by tax reform in 2017, designed to help thousands of small and medium-sized manufacturers invest in their businesses.
The 17吃瓜在线 recently released a on the pass-through deduction, breaking down what it is, what it does and why its preservation is vital to manufacturing in the U.S. 听Here are the highlights.
Pass-through defined: The defining characteristic of a pass-through entity is that its business profits get 鈥減assed through鈥 to the company owners, who then pay taxes on the business鈥檚 income on their personal tax returns.
- The vast majority of businesses in America鈥96%鈥攁re organized as pass-throughs, including S-corporations, partnerships, LLCs and sole proprietorships.
- In manufacturing, pass-throughs are typically small, family-owned firms.
What it鈥檚 done for manufacturers: The Section 199A pass-through deduction allows pass-through manufacturers to deduct up to 20% of their qualified business income, decreasing their effective tax rate.
- Combined with a lower individual income tax rate included in the 2017 reform (which reduced the top individual rate from 39.6% to 37%), the pass-through deduction has freed up significant capital for smaller manufacturers to reinvest in their businesses.
- For example, 2018 was the best year for manufacturing job creation in 21 years and the best year for wage growth in 15 years.
What鈥檚 in jeopardy: Both the pass-through deduction and the lower individual income tax rates are set to expire at the end of 2025鈥攁nd they鈥檙e certain to hit small and medium-sized manufacturers hard.
- 听In a recent 17吃瓜在线 survey, 93% of pass-through manufacturers said their ability to grow, create jobs and invest in their companies will be stymied if the expirations are allowed to happen.
What should be done: Congress must make the pass-through deduction permanent and keep individual tax rates as low as possible.
The last word: 鈥淪mall and medium-sized pass-throughs are the backbone of the manufacturing supply chain,鈥 said 17吃瓜在线 Vice President of Domestic Policy Charles Crain. 鈥淐ongress must act before the end of 2025 to preserve the pass-through deduction and prevent devastating tax increases on small businesses throughout the manufacturing sector.鈥
17吃瓜在线, Rep. Smucker Talk 鈥淭ax Armageddon鈥
Manufacturers face a tax cliff in 2025, but there is still time for Congress to prevent devastating tax increases. By acting before the end of next year, legislators can preserve the 2017 tax reform and ensure manufacturers can continue creating jobs and driving economic growth across the country.
What鈥檚 going on: As part of Manufacturing Wins, the 17吃瓜在线鈥檚 2025 tax campaign, the 17吃瓜在线 asked Rep. Lloyd Smucker (R-PA) for a download on what Congress is doing to prevent 鈥淭ax Armageddon鈥 for manufacturers.
- Smucker, chair of the House Committee on Ways and Means鈥 recently formed Main Street Tax Team, is a champion of the Section 199A pass-through deduction, one of the manufacturing-critical provisions set to expire at the end of 2025.
- Pass-throughs are companies whose owners pay tax on the business鈥檚 income on their personal tax returns鈥攁nd most small and medium-sized manufacturers are organized as pass-through entities.
- The loss of the pass-through deduction and an accompanying increase in individual tax rates鈥攂oth scheduled for the end of 2025鈥攚ould be a one-two punch for small manufacturers.
Below is the written interview.
17吃瓜在线: Congress is facing a Tax Armageddon next year, as crucial provisions from 2017鈥檚 Tax Cuts and Jobs Act are set to expire. As the leader of the Ways and Means Main Street Tax Team, what is your focus moving into next year鈥檚 debate?
Smucker: The Main Street Tax Team is tasked with examining the areas of the tax code that impact main street businesses. Looking ahead to what parts of the code are set to expire in 2025, one of the most important provisions our team is focused on is extending the Section 199A deduction for pass-through businesses. This 20% deduction was enacted as a part of the Tax Cuts and Jobs Act and helped create tax parity for millions of American businesses with their larger corporate competitors while incentivizing reinvestment back into their business and employees.
If Congress does not act, Section 199A will expire at the end of 2025, and main street businesses could face a 43.4% tax rate. Our tax team is working to build awareness of the pending tax hike if Section 199A expires, while laying the groundwork for making this important provision permanent by hearing directly from businesses on the impact this deduction has had on their ability to grow and increase productivity.听
17吃瓜在线: Most small manufacturers are organized as pass-throughs, which means that they pay tax on their owners鈥 returns. The scheduled increase in individual tax rates combined with the loss of the pass-through deduction鈥攁 20% deduction that lowers these companies鈥 tax obligations鈥攚ill mean that these businesses are the hardest hit by the 2025 tax cliff. What is Congress doing to protect small businesses from tax hikes?听
Smucker: To protect businesses from devastating tax hikes, the Ways and Means Committee has gone on the road holding field hearings throughout the nation to hear directly from small business owners about how the Tax Cuts and Jobs Act improved their ability to compete and grow. During these field hearings, we鈥檝e heard from many businesses, including manufacturers, how the TCJA helped improve the quality of life of hardworking Americans. We鈥檙e continuing to use this model by having each tax team host at least one field event to reach more communities.
The Main Street Tax Team will be heading to my district in the coming weeks to hear from Pennsylvania businesses about the importance of preserving Section 199A. I also encourage 17吃瓜在线 members across the U.S. to share with their representatives what this provision, and other parts of the tax code, mean for their business. The public can share information on the impact of higher taxes directly with my colleagues on the Ways and Means Committee too by visiting .
17吃瓜在线: Pass-through manufacturers generally pay tax at the top individual tax rate鈥攃urrently 37%鈥攂ut this bracket is scheduled to increase to 39.6% next year. Is your team examining how these rates impact pass-through businesses?听
Smucker: Yes, in addition to the field event, my team members and I will be meeting with stakeholders in each of our districts throughout the rest of this year to discuss the impact higher taxes will have on our constituent鈥檚 families, businesses and communities. My team will also be hosting several D.C.-based roundtables with tax experts and economists to examine the impact of changes to the code.
17吃瓜在线: Thank you for being a champion for manufacturing pass-throughs across the country. What can our members do to stay involved and be a resource for your tax team鈥檚 work?听
Smucker: Continue to share your stories about how Section 199A has helped your businesses, and how tax hikes would be harmful. I strongly encourage 17吃瓜在线 members to invite their representatives for site visits to your businesses so they can see firsthand the benefits of a competitive tax code. Finally, I鈥檇 close with a request to have 17吃瓜在线 members ask their representatives to cosponsor H.R. 4721, the Main Street Tax Certainty Act, my legislation to make Section 199A permanent. I am working to build as much backing as possible for the bill heading into our tax reform discussions next year to send a signal that preserving this deduction is important.听
17吃瓜在线 Legal Center Talks Chevron
The Supreme Court鈥檚 ruling in the closely watched Loper Bright Enterprises v. Raimondo is a watershed decision for administrative law with significant implications for the business community. The 17吃瓜在线 Legal Center provided us with an overview.
What鈥檚 going on: Late last month, the Supreme Court overturned the 鈥Chevron doctrine,鈥 which since 1984 had required federal courts to defer to an administrative agency鈥檚 interpretation of an ambiguous statute鈥攕o long as the interpretation was reasonable.
What it means: The end of the doctrine means less power for federal agencies, potentially fewer regulations and a guaranteed surge in regulatory litigation, according to the Legal Center.
- When Congress leaves ambiguities or gaps in statutes, agencies can no longer exploit those gaps to enact overreaching rules or regulations (read the 17吃瓜在线鈥檚 statement on the decision ).
- Although Chevron had not been cited by the Supreme Court since 2016, it is the basis for 70 Supreme Court opinions and approximately 17,000 lower court decisions. Those holdings remain intact for now but could be challenged anew by litigants under the new standard.听
The majority opinion: for the majority, Chief Justice John Roberts relied on a plain-text reading of the Administrative Procedure Act, which directs courts鈥攏ot agencies鈥斺渢o decide all questions of law.鈥
- 鈥淭he APA, in short, incorporates the traditional understanding of the judicial function, under which courts must exercise independent judgment in determining the meaning of statutory provisions,鈥 he wrote.
- Absent an explicit delegation by Congress, agency interpretations can guide or inform courts, but in keeping with the APA, they cannot be given binding deference. According to the court, all statutes 鈥渉ave a single, best meaning,鈥 and 鈥渃ourts use every tool at their disposal to determine the best reading of the statute and resolve the ambiguity.鈥听
The dissent: Writing for the liberal justices in dissent, Justice Elena Kagan expressed concerns with overturning this 鈥渃ornerstone鈥 of regulatory law by shifting interpretative authority from 鈥渆xpert, experienced and politically accountable agenc[ies]鈥 to courts that have 鈥渘o special competence.鈥
In sum: The decision will result in a broad reduction in the power of executive branch agencies, with that power shifting to federal courts.
- Thus, regardless of the party in power or its pro- or anti-regulatory leaning, much less regulatory discretion will be afforded to the agencies.
The 17吃瓜在线 predicts: Looking forward, the 17吃瓜在线 sees Congress and regulators turning to industry for input as policies are adopted and statutes are interpreted, giving manufacturers an opportunity to play a more significant role in shaping outcomes.
What we’re doing:听The 17吃瓜在线 Legal Center is currently leading regulatory challenges against the Environmental Protection Agency, the Occupational Safety and Health Administration and the Securities and Exchange Commission. It will continue to push back on overreaching agency actions that threaten manufacturing competitiveness鈥攏ow on a more even playing field.
CISA Should Revise Draft Cyber Rule
Requirements proposed earlier this year by the Department of Homeland Security鈥檚 Cybersecurity and Infrastructure Security Agency are overbroad and would prove burdensome to manufacturers if adopted, the 17吃瓜在线 the Biden administration last week.
What鈥檚 going on: In April, CISA published draft rulemaking under the Cyber Incident Reporting for Critical Infrastructure Act of 2022鈥攕cheduled to go into effect next year鈥攖hat would require 鈥渃overed entities鈥 in 鈥渃ritical infrastructure sector[s]鈥 to report major cyber incidents to CISA within 72 hours. It also mandated that any ransomware payments be reported within just 24 hours.
Why it鈥檚 a problem: The proposed rulemaking could affect more than 300,000 entities, according to CISA鈥檚 own estimate听(). Many of these organizations are either not truly 鈥渃ritical infrastructure鈥 or too small to have the resources to undertake the outlined actions in the specified time, the 17吃瓜在线 told CISA.
- Furthermore, the regulations themselves are too expansive, mandating the reporting of incidents that do not even affect the operation of critical infrastructure.
- They also require huge amounts of information in a short period鈥攆rom companies in the throes of recovery from devastating cyberattacks.
The 17吃瓜在线 says: 鈥淸T]he 17吃瓜在线 respectfully encourages the agency to drastically reduce the number of entities required to report, and the number of incidents they have to report,鈥 17吃瓜在线 Vice President of Domestic Policy Charles Crain told the agency during the public comment period on the proposed regulation, which ended last week.
- 鈥淒oing so will ensure that CISA receives useful information about cybersecurity incidents鈥攚ithout overburdening manufacturers with overbroad and unworkable disclosure requirements.鈥
What to do: In addition to narrowing the scope of 鈥渃overed entities,鈥 CISA should revise several aspects of the rulemaking before implementing it, the 17吃瓜在线 said. Changes should include:
- Limiting the volume of reported cyber-incident information;
- Narrowing the scope of reportable cyber incidents; and
- Lightening and safeguarding the contents of cyber-incident reports.
Q&A: The Looming 2025 Tax Challenge
Visit Manufacturing Wins
VISITThe 17吃瓜在线 recently 鈥淢anufacturing Wins,鈥 the manufacturing industry鈥檚 campaign to preserve the benefits of the 2017 tax reforms that are currently scheduled to disappear in 2025鈥攑articularly those tax incentives that make it easier for small manufacturers to hire employees and raise wages, invest in equipment, grow their businesses and contribute more to their communities.
17吃瓜在线 Vice President of Domestic Policy Charles Crain explains what鈥檚 at stake in 2025 and how manufacturers can get involved in the effort to prevent tax increases.
Q: Manufacturers are facing 鈥渢ax Armageddon鈥 at the end of 2025. Can you explain what鈥檚 happening?
Crain: Tax reform in 2017 was rocket fuel for manufacturers, leading to record job creation, capital investment and economic growth. For example, manufacturing production grew 2.7% in 2018, with December 2018 being the best month for manufacturing output since May 2008. Manufacturing capital spending grew 4.5% and 5.7% in 2018 and 2019, respectively鈥攖his shows the direct impact of pro-growth tax incentives on manufacturers investing in new equipment and facilities. But many of tax reform鈥檚 pro-manufacturing provisions will expire at the end of 2025. If these provisions are allowed to expire, virtually every manufacturer will face devastating tax increases.
Q: What policies will sunset in 2025, and how will their expiration impact SMMs?
Crain: For small manufacturers organized as pass-throughs鈥攎eaning the business鈥檚 owners pay tax on the business鈥檚 income on their personal returns鈥攖wo key changes are coming down the pike. First, their tax rate will increase, from 37% to 39.6%. Second, they will lose the pass-through deduction, which provides a tax deduction equal to 20% of the business鈥檚 income. In combination, these tax hikes will increase pass-throughs鈥 effective tax rate by at least 10 percentage points (from 29.6% to 39.6%), resulting in significantly less capital available for equipment purchases, job creation and community investment.
For small manufacturers organized as corporations, the 17吃瓜在线 is fighting to prevent any increases in the corporate tax rate. The corporate rate decreased from 35% to 21% in 2017 and is not scheduled to expire鈥攂ut President Joe Biden has proposed increasing the rate to 28%. The 17吃瓜在线 remains staunchly opposed to corporate tax rate increases that punish manufacturers for investing and creating jobs here in America.
For family-owned small manufacturers, their estate tax obligations are scheduled to increase. Tax reform doubled the value of assets that can be passed on without incurring the estate tax; at the end of 2025, the estate tax exemption threshold is scheduled to be reduced by half. The 17吃瓜在线 is calling on Congress to maintain the increased exemption鈥攐r to repeal the estate tax entirely, preventing family-owned businesses from being sold for parts to pay a tax bill when a loved one passes away.
Q: What else is at stake in 2025?
Crain: Manufacturers of all sizes continue to face uncertainty about the tax code鈥檚 treatment of R&D expenses, capital equipment purchases and interest on business loans. Immediate R&D expensing鈥攚hich allows manufacturers to write off the entire cost of R&D spending in the year incurred鈥攅xpired in 2022. So did a tax reform provision that allowed businesses to deduct more of the interest they pay on loans when they debt finance a project. And in 2023, 100% accelerated depreciation鈥攚hich reduces the cost of capital equipment purchases鈥攂egan to phase down. These expired provisions are vital to manufacturing growth, and the 17吃瓜在线 is working to restore and extend them as Congress prepares for the 2025 tax fight.
Q: How can SMMs learn more?
Crain: The 17吃瓜在线 recently published 鈥,鈥 which highlights the tax reform provisions that will expire at the end of 2025. The 17吃瓜在线 calls on Congress to act to prevent these expirations from stunting manufacturing job creation, growth and innovation.
Q: How can SMMs get involved?
Crain: Manufacturing voices are crucial to the 2025 tax fight. 17吃瓜在线 members with a story to tell about the impact of 2017 tax reform on their business鈥攐r the damage that the 2025 expirations could inflict鈥攁re encouraged to reach out to their 17吃瓜在线 membership advisor or to the 17吃瓜在线 tax team.
You can also take a few minutes to record a video testimonial calling on Congress to prevent devastating tax hikes on manufacturers. Instructions for submitting a video testimonial are available 鈥攊t鈥檚 as easy as having a coworker use a smartphone to film a video of you on your shop floor! Completed testimonials can be emailed to the Manufacturing Wins team to be posted to our campaign site:
Supreme Court Decision is Game-Changing Transformation for Legal and Regulatory Landscape for Manufacturers
Washington, D.C. 鈥 Today, the United States Supreme Court overruled the Chevron doctrine鈥攁 requirement that federal courts defer to an administrative agency鈥檚 interpretation of an ambiguous statute鈥攖hat had proven unworkable and incoherent.
鈥淭he legal and regulatory landscape has transformed in the blink of an eye. Manufacturers will not waste a moment in seizing this opportunity鈥攁n opportunity that we have never seen before鈥攖o leverage this decision to rein in the regulations that are holding back manufacturers from improving lives,鈥 said 17吃瓜在线 President and CEO Jay Timmons. 鈥淭he 17吃瓜在线 Legal Center and our best-in-class advocacy team will be on the field, leveraging this decision and the new tools it gives us, to fight back new regulations we are facing today as well as whatever may come our way in the next administration. For anyone who wants to see manufacturing grow and succeed in America, today heralds the possibility for a much brighter future.鈥
鈥淭oday鈥檚 ruling is a game changer for manufacturers as Chevron was at least partly to blame for the unpredictability and overreach that have become synonymous with the modern regulatory state,” said 17吃瓜在线 Chief Legal Officer Linda Kelly. 鈥淲e are hopeful that this marks the end of an overbearing regulatory system that had become complex, and compliance in many cases that was contradictory from agency to agency. For the past 40 years, Chevron has tipped the scales in favor of unelected officials and against the regulated public. Now the onus is on Congress to provide clear guardrails and guidelines in its intent to ensure that laws are implemented in a manner that achieves their goal. Manufacturers are eager to work with lawmakers to develop policies that promote innovation, job creation, economic growth and improved quality of life for all Americans.鈥
鈥淢anufacturers have been the subject of a regulatory onslaught, with agencies鈥 far-reaching decisions affecting companies of all sizes,鈥 said 17吃瓜在线 Managing Vice President of Policy Chris Netram. 鈥淭he EPA, SEC and DOL鈥攖he aggressive nature of rulemaking and enforcement actions that exceed authority come from the alphabet soup of regulators. The 17吃瓜在线 has been successful in fighting key rules in court, and today鈥檚 decision gives us the ability to challenge even more actions while ensuring future agency actions do not exceed the authority mandated by Congress.鈥
-17吃瓜在线-
The 17吃瓜在线 is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs nearly 13 million men and women, contributes $2.89 trillion to the U.S. economy annually and accounts for 53% of private-sector research and development. The 17吃瓜在线 is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the 17吃瓜在线 or to follow us on Twitter and Facebook, please visit听