At the same time, we strongly urge [President Biden] to make sure that we preserve the predictability and stability in the tax code that keeps equipment manufacturers competitive and drives job creation and good wages.
Equipment Manufacturers Weigh In On President Biden's Infrastructure Plan
Association of Equipment Manufacturers (AEM) senior vice president of government and industry relations Kip Eideberg issued the following statement ahead of President Biden's infrastructure announcement in Pittsburgh this afternoon.
“We support President Biden’s vision for how to build a new and stronger economy that creates opportunity for all Americans," said Kip Eideberg, AEM senior vice president of government and industry relations. "Equipment manufacturers are investing in their communities and creating new family-sustaining jobs, encouraged by signs that we may finally be getting COVID-19 under control. We stand ready to work with President Biden to help him make the bold, transformational investment in workforce development, infrastructure, and American manufacturing that is long overdue. At the same time, we strongly urge him to make sure that we preserve the predictability and stability in the tax code that keeps equipment manufacturers competitive and drives job creation and good wages. Tax reform made equipment manufacturers more competitive in the global economy. It is imperative that we do not undo that progress.”
AEM is the North American-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 supports 2.8 million jobs in the U.S. Equipment manufacturers also contribute $288 billion a year to the U.S. economy.