Rep. Emmer, 17吃瓜在线 Visit Glenn Metalcraft
Workforce challenges and the regulatory onslaught against manufacturers were some of the key topics covered during a recent 17吃瓜在线 meeting with House Majority Whip Tom Emmer (R-MN) in Princeton, Minnesota.
What鈥檚 going on: Emmer met 17吃瓜在线 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.
- 鈥淢y visit to Glenn Metalcraft demonstrated the need to address the regulatory state overwhelming manufacturers in the heartland,鈥 Emmer said. 鈥淪mall 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.鈥
鈥淔ighting to thrive鈥: Glenn spoke candidly about his and other manufacturers鈥 current struggles with the excessive mandates handed down by federal agencies.
- 鈥淢anufacturers 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 government鈥攁ll amid an uncertain economic environment,鈥 Glenn said before thanking Emmer for 鈥済iving us a voice.鈥
- The majority of manufacturers鈥攎ore than 63%鈥攕ay they now spend over 2,000 hours a year complying with federal mandates, according to the .
Tax treatment of R&D: Emmer鈥檚 support of the American Innovation and R&D Competitiveness Act鈥攚hich would permanently restore immediate research-and-development expensing for small businesses for 2022 and all subsequent years鈥攈as been instrumental in the legislation鈥檚 progress, 17吃瓜在线 Managing Vice President of Communications and Public Affairs Jamie Hennigan told the whip.聽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: 17吃瓜在线 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.
鈥嬧赌嬧赌嬧赌嬧赌嬧赌嬧赌嬧赌嬧赌嬧赌嬧赌嬧赌嬧赌嬧赌 The last word: 鈥淢anufacturers have made it clear that the [Biden] administration鈥檚 regulatory agenda could easily derail manufacturing鈥檚 recent success,鈥 17吃瓜在线 President and CEO Jay Timmons said in a statement after the visit.
- 鈥淕lenn Metalcraft and so many others are forced to make tough decisions as agencies issue unbalanced regulations that threaten our sector鈥檚 ability to grow and compete.鈥
- 鈥淭he 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.鈥