SURVEY: SMALL
BUSINESS OWNERS LESS UPBEAT IN MARCH
Today in Manufacturing
Today in Manufacturing
The National Federation of Independent Business said owners'
expectations for sales and profits fell last month … continue
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Quick Manufacturing News
'U.S.
technology should be bolstering manufacturing -- that's how Germany remains a
leader in factory jobs. Unless the Germans are smarter than Americans, we
should be able to do it too,' says Professor Morici. Click to continue
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Quick Manufacturing News
Manufacturers'
new orders for machine tools and related technology rose 9.3% to $444.06
million in February from $406.34 million in January, and up 35.2% over the
$328.44 million recorded in February 2011. An industry executive declared the
first two months of 2012 to be the 'best start since 1998.' Click to continue
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Quick Manufacturing News
A
joint poll released April 9 by the Society for Human Resource Management and
AARP shows that U.S. employers are ramping up skills training and employee
benefits in an effort to close the gap left by retiring Baby Boomers. And, as
people remain working longer, companies are making more of an effort to
retain and recruit older workers. Click to continue
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UPDATE IN
GREENHOUSE GAS CASE
NAM - FLAG Weekly
Communication
Last week, a federal judge ruled that the National
Association of Manufacturers (NAM) could intervene in Alec L. v. Jackson,
a case in which the plaintiffs seek judge-ordered limits on greenhouse gas
emissions. The judge will hold a hearing to consider the NAM’s motion to
dismiss next month. More information is available here.
NATIONAL SIGN-ON
LETTER IN SUPPORT OF THE TAX HIKE PREVENTION AND BUSINESS CERTAINTY ACT
(UMA signed on the
letter below encouraging Congress to support “The Tax Hike Prevention &
Business Certainty Act”)
Monday, April 9, 2012
TO THE MEMBERS OF THE UNITED STATES CONGRESS:
The undersigned trade associations representing thousands of
businesses across the nation, strongly urge you to cosponsor and support S.
1647 and H.R. 3091, “The Tax Hike Prevention & Business Certainty Act”,
introduced by Sen. Crapo and Rep. Roskam which would maintain the top capital
gains and dividends tax rates at 15 percent and prevent a massive tax increase
that would have detrimental impacts on investment and jobs in the United
States.
Unless Congress acts by the end of 2012, the tax rate for
capital gains will increase from 15 percent to 20 percent and the dividend tax
rate will more than double from 15 percent to 39.6 percent. In addition,
beginning in 2013 investment income will be subject to an additional Medicare
Hospital Insurance (HI) tax of 3.8 percent, raising the top rate on capital
gains to 23.8 percent and on dividend income to 43.4 percent, resulting in one
of the largest tax increases in U.S. history.
A tax increase of this size will have significant impact,
which includes discouraging capital investment needed for economic growth and
job creation, incentivizing companies to use excessive debt financing and
potentially reducing the value of dividend-paying stocks. Any of these outcomes
would hurt Americans at all income levels, and especially retirees, many of
whom rely on investment income as a supplement to their retirement.
This looming tax increase presents businesses and
individuals with uncertainty and great complexity in the short-term. Looking
ahead, comprehensive fundamental tax reform could result in giving taxpayers
more certainty, simplicity, and fairness, while encouraging economic growth and
job creation. In the interim, Congress must act to maintain the current tax
rates on capital gains and dividend income and give businesses and individual
investors the certainty that they need to support economic growth and job
creation.
It is imperative Congress enact legislation that would
maintain the top capital gains and dividend tax rates at 15 percent and remove
the uncertainty surrounding this impending tax increase. We strongly support
these bills and urge you to cosponsor and support S. 1647 and H.R. 3091, “The
Tax Hike Prevention & Business Certainty Act.”
Sincerely,
Thomas E. Bingham, President – Utah Manufacturers
Association
BLOG: THE PERFECT STORM
Today in Manufacturing
Today in Manufacturing
While manufacturing is showing signs of a turnaround,
uncertainly lingers. But what if this "perfect storm" of economic
futility also had opportunities?... continue
EMPLOYERS POSTED MORE JOB OPENINGS IN FEBRUARY
Today in Manufacturing
EMPLOYERS POSTED MORE JOB OPENINGS IN FEBRUARY
Today in Manufacturing
The Labor Department said employers advertised 3.5 million
job openings, which could equate to more modest hiring in the next few months
... continue
COAL EXPORTS SURGE TO HIGHEST LEVEL SINCE 1991
Today in Manufacturing
COAL EXPORTS SURGE TO HIGHEST LEVEL SINCE 1991
Today in Manufacturing
U.S. Department of Energy data shows exports have more than
doubled since 2006, going mostly to energy-hungry markets in
Asia... continue
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