Hultgren Supports Legislation to Help American Manufacturers Compete Globally
Press Release
U.S. Representatives Randy Hultgren (IL-14) is pushing for passage of the American Renaissance in Manufacturing (ARM) Act, H.R. 5360, a wide-ranging legislative package he cosponsored that is aimed at reducing competitive disadvantages of American manufacturers who engage in the global marketplace. Right now, American manufacturers face 20 percent higher costs compared to manufacturers in other countries, according to the National Association of Manufacturers (NAM).
"Manufacturers in Illinois and the 14th District are just getting their feet under them again and looking for ways to grow, but they still face high taxes, high legal costs and government red tape that hurt their ability to compete against manufacturers overseas. Just today, Illinois employers including manufacturers announced they will lay off more than 2,000 workers in the coming months," said Rep. Hultgren. "The ARM Act combines many bipartisan proposals that will help put our manufacturers, who employ millions of workers nationwide, on an even playing field with the rest of the world. This bill, combined with my own Modernizing American Manufacturing Bonds Act (MAMBA) of 2014 and Regulatory Sunset and Review Act of 2013, will help Illinois manufacturers expand their businesses to new markets, invest in new equipment and, most importantly, hire instead of fire more workers.
"We are reminded again of how many families are still struggling to find work in this tough economy. Now is the time to set aside differences and pass legislation that will benefit the millions of Americans out of work."
H.R. 5360 includes provisions which:
Create a More Fairer and more Competitive Tax Code
Reduces the Corporate Tax Rate to 25% (House Republican Budget)
S Corporation Permanent Tax Relief Act (H.R. 4453)
America's Small Business Tax Relief Act (H.R. 4457)
American Research and Competitiveness Act (H.R. 4438)
Amends the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation (H.R. 4718)
Rein in Job-Killing Washington Red Tape
Regulations from the Executive In Need of Scrutiny Act (H.R. 367, includes provisions of Hultgren bill H.R. 309)
Energy Consumers Relief Act (H.R. 1582)
Energy Security and Affordability Act (H.R. 3826)
Coal Residuals Reuse and Management Act (H.R. 2218)
Reduce Frivolous Legal Costs
Lawsuit Abuse Reduction Act (H.R. 2655)
Furthering Asbestos Claim Transparency Act (H.R. 982)
Innovation Act (H.R. 3309)
Resolving Environmental and Grid Reliability Conflicts Act (H.R. 271)
Preserve Access to Abundant and Affordable Sources of Energy
Northern Route Approval Act (H.R. 3)
Energy Consumers Relief Act (H.R. 1582)
Natural Gas Pipeline Permitting Reform Act (H.R. 1900)
North American Energy Infrastructure Act (H.R. 3301)
Protecting States' Rights to Promote American Energy Security Act (H.R. 2728)
Offshore Energy and Jobs Act (H.R. 2231)
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