AEM Applauds House Passage of Tax Deal, Calls Senate to Act 

(WASHINGTON, D.C.) – Association of Equipment Manufacturers Senior Vice President of Government and Industry Relations Kip Eideberg issued the following statement after the House of Representatives passed the Tax Relief for American Families and Workers Act, legislation that extends three pro-growth tax policies that are vital to the long-term economic growth of the industry. 

“The Association of Equipment Manufacturers applauds the U.S. House of Representatives for passing a bill that will increase economic growth and bolster the global competitiveness of equipment manufacturers of all sizes. Restoring immediate R&D expensing, full expensing for purchases of equipment, machinery, and technology, and a pro-business interest deduction will help equipment manufacturers invest in their communities, grow their businesses, and hire more Americans. Ensuring that our tax code supports our ability to create jobs in the United States and compete in the global economy is a national priority, and we urge the U.S. Senate to finish the job by swiftly passing the bill and sending it to the President’s desk for signing.” 

AEM is the North America-based international trade group representing off-road equipment manufacturers and suppliers with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry in the United States supports 2.3 million jobs and contributes roughly $316 billion to the economy every year.