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07 February 2012AMT Signs Association Letter Urging Bonus Depreciation ExtensionAMT joined 115 associations in urging House and Senate conferees to add a temporary extension of 100% bonus depreciation to the payroll tax cut bill they are considering. Current law allows businesses to immediately expense 50% of the cost new equipment bought and placed in service in 2012, down from 100% in 2011. The associations urged the lawmakers to extend 100% expensing through 2012 to support business investment and job creation.(more) |
26 January 2012FACT SHEET: President Obama’s Blueprint to Support U.S. Manufacturing Jobs, Discourage Outsourcing, and Encourage InsourcingIn his State of the Union address, President Obama laid out a Blueprint for an America Built to Last, encouraging companies to create manufacturing jobs in the United States. Here's the Administration's Fact Sheet on the proposals to support American manufacturing. (more) |
17 January 2012President's Jobs Council Presents 2011 Year-End ReportThe President's Jobs Council has released its 2011 year-end report, Road Map to Renewal. It includes recommendations for revitalizing manufacturing, improving education, spurring innovation and creating jobs -- all important elements of long-term economic growth and competitiveness. (more) |
10 December 2011CEOs Call on Congress to Reauthorize Ex-Im BankAMT First Vice Chairman Tim Dining, President and CEO, Greenerd Press & Machine Company, Inc., joined 62 CEOs from small, medium and large U.S. businesses in calling on the congressional leadership to move forward with reauthorizing the charter of the Export-Import Bank of the United States (Ex-Im Bank) before Congress adjourns for the year. CEO letter to Congress on Ex-Im reauthorization.(more) |
31 October 2011AMT Joins Multi-Industry Coalition on Letter to Deficit "Super Committee"A group of 200 organizations, including AMT, called on the Joint Select Committee on Deficit Reduction (popularly known as the “Super Committee”) to go beyond the legislative mandate of the Budget Control Act and take steps to rein in spending, reform the tax code, reduce the deficit, and stabilize and ultimately lower America’s level of debt.(more) |
12 October 2011Associations Write Congress Urging Extension of Depreciation IncentivesAMT joined an ad hoc group of 77 organizations in sending a letter to Congress urging extension of current bonus depreciation and section 179 expensing levels through 2012.(more) |
11 October 2011Jobs Council Releases Interim Report to the PresidentThe President’s Council on Jobs and Competitiveness has released “Taking Action, Building Confidence,” an interim report to the President. This report includes a series of proposals to accelerate job creation over the next five years as part of the nation’s overall jobs agenda. (more) |
29 September 2011AMT Signs Letter to Deficit Super Committee Urging Comprehensive Tax ReformAMT joined over 150 business groups in calling for the deficit reduction “Super Committee” to go beyond its mandate of finding $1.5 trillion in deficit cuts and tackle entitlement and comprehensive tax reform. In the letter sent to the 12 members of the Joint Select Committee on Deficit Reduction, the business groups urged Congress to act quickly to rein in spending, reform the tax code, reduce the deficit, and stabilize and grow the economy. (more) |
12 August 2010The Manufacturing Mandate - A National Manufacturing Strategy to Help Rebuild and Strengthen the U.S. Manufacturing Sector(more) |
22 December 2009Obama Administration Releases Manufacturing FrameworkThe Obama Administration released "A Framework for Revitalizing American Manufacturing." The report attempts to analyze the cost drivers in each step of the manufacturing process and suggests a framework for designing appropriate government support. (more) |
06 November 2009President Signs NOL Carryback ExtensionNovember 6, 2009 - In a major victory for AMT, President Obama signed The Worker, Homeowner, and Business Act of 2009. In addition to extending unemployment benefits and the homebuyer tax credit, the new law also extends for an additional year the 5-year Net Operating Loss Carryback provision which was enacted as part of the Recovery Act last winter. It expands it to include medium and large businesses as well. Business losses incurred in 2008 or 2009 can now be used to recoup taxes paid in the prior five year. Extension of the 5-year NOL carryback provision is a top priority for AMT. Our government relations department lobbied hard for it enactment. (more) |
29 October 2009House Leadership Introduces $894 Billion Healthcare PackageOctober 29, 2009 - House Speaker Nancy Pelosi (D-CA) unveiled the Affordable Health Care for America Act, H.R. 3962, on the steps of the U.S. Capitol today. The nearly 2,000-page bill would extend healthcare to 36 million currently uninsured Americans over the next decade at a cost of $894 billion dollars. The bill would largely be paid for by imposing a "millionaire's surtax" on individuals earning over $500,000 and couples over $1 million. AMT strongly opposes a surtax to pay for healthcare reform as this tax increase would fall on many small businesses as well. (more) |
21 October 2009President Announces Proposal to Ease Credit to Small BusinessesOctober 20, 2009 - President Obama announced a new proposal to improve access to credit for small business. The President's plan would redirect a portion of TARP funds away from Wall Street to community banks at a reduced dividend rate. It would also increase the maximum loan amounts for SBA 7(a), 504, and Micro Loans. Congress has also been working on proposals to ease the credit crunch for small businesses. (more) |
05 October 20092009 Depreciation/Expensing Fact SheetA useful sales tool. (more) |
17 September 2009AMT Board Member Kim Beck Discusses Taxes on Capitol HillSeptember 16, 2009 - AMT Board Secretary Kim Beck, President, Automatic Feed Company, participated in a panel discussion for Capitol Hill staff on how U.S. tax policy hurts our small businesses. The event was hosted by the Heritage Foundation. (more) |
26 February 2009President Releases $3.6 Trillion FY2010 Budget BlueprintFebruary 26, 2009 - President Barack Obama released a summary of his FY2010 $3.6 trillion budget today. The final detailed budget will be released in early April. (more) |
28 December 2008CBO Supplement to Report on Federal Effective Tax Rates, 1979-2005December 23, 2008 - The Congressional Budget Office submitted a supplement to its report: Historical Effective Federal Tax Rates, 1979 to 2005 (published in December 2007), which includes additional data on sources of income and high-income households. The supplement was provided the leadership of the Congressional tax-writing committees at their request. (more) |
04 December 2008AMT President Bob Simpson Calls on Congressional Leadership to Assist the Auto IndustryDecember 3, 2008 - In a letter to the Congressional Leadership, AMT President Bob Simpson urged swift action on legislation to bolster America's automotive industry, including its critical supply chain. (more) |
28 September 2008BEA Release Shows Widespread Growth In Metropolitan AreasSeptember 25, 2008 - Newly available statistics released today by the U.S. Bureau of Economic Analysis show that real GDP by U.S. metropolitan area grew to 3.2 percent in 2006, slightly greater than the 3.1 percent growth in 2005. Click here for the BEA news release. (more) |
08 February 2008Congress Approves Economic Stimulus PlanFebruary 8, 2008 - Congress has just passed a 2008 Economic Stimulus Plan that contains increased Section 179 expensing for 2008 small business equipment purchases, as well as another one-year 50% bonus depreciation allowance for new machine tools and other equipment ordered and placed in service during 2008. (more) |
20 December 2007Proposed Tax Increase on Small Exporters Shelved by House, SenateDecember 20, 2007 - Before adjourning for the year, both the House and Senate passed so-called “technical corrections” to various tax laws – but not before stripping out from the package a proposal that could have more than doubled taxes on some small- to mid-sized U.S. businesses that export. (more) |
30 May 2007President Signs into Law Small Business Tax Relief, Minimum Wage IncreaseMay 30, 2007 - On May 25, President Bush signed into law the war supplemental funding bill that also includes two provisions directly affecting businesses: a $2.10 increase in the federal minimum wage, and a $4.8 billion package of tax relief aimed mostly at offsetting the wage hike costs for small businesses. (more) |
02 January 2007Joint Economic Committee Release: Job Gains Continue, Growth ModeratesDecember 22, 2006 - Senator Robert F. Bennett (R-UT), Vice Chairman of the Joint Economic Committee, has released an updated edition of the Recent Economic Developments report, entitled “Job Gains Continue, Growth Moderates.” (more) |