If your mind has been on baseball, barbecues and sunbathing by the pool lately, you might have missed a slew of manufacturing-related reports and initiatives out of the nation’s capital this month. Here’s a quick roundup!
House Democrats’ “Make It In America Jobs Plan” – 23 bills added
A Strategy for American Innovation: Securing Our Economic Growth and Prosperity – new report from the President’s National Economic Council underscoring the important role innovation plays in our economy
Actions to Spur Innovation and Entrepreneurship to Revitalize American Manufacturing – White House fact sheet on the Administration’s new initiatives to spur manufacturing
Accelerate Our Manufacturers Act (H.R. 4822) – Reps. Tom Rice (R-SC) & Brad Schneider (D-IL) legislation for temporary 100% bonus depreciation for 2014-2018 tax years.
America’s Small Business Tax Relief Act (H.R. 4457) – makes permanent the Sec. 179 expensing levels effective during the 2010-2013 tax years allowing taxpayers to expense up to $500,000 of investments in new and used equipment on purchases up to $2M – passed the House by a bipartisan vote of 272-144 – be sure to thank your Representative if he or she voted “aye” – urge your Senator to support.
The University of Virginia’s Miller Center released Building a Nation of Makers: Six Ideas to Accelerate the Innovative Capacity of America’s Manufacturing SMEs – six non-partisan recommendations of the Milstein Commission on New Manufacturing to facilitate the growth of America’s manufacturing SMEs. Former Governors Evan Bayh (D-IN) and Haley Barbour (R-MS) co-chair the Commission.
Manufacturing Since the Great Recession – Commerce Department report providing an overview of the resurgence of the manufacturing economic sector, examining production, international trade and the labor market.
That’s a short and sweet summary of what happened in June, and its not all inclusive by any means. So while you’re soaking up those rays of sunshine, don’t forget to keep one eye on Washington. If you can’t, this MfgAdvocate will. Stay tuned.