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Will Congress deliver on tax reform?

House Ways and Means Committee Chairman Kevin Brady (R-TX) finally introduced the Republican leadership’s long-awaited tax reform bill, entitled the Tax Cuts and Jobs Act (H.R. 1). It is expected to cost about $1.5 trillion over the next decade. The President praised the bill as one that will stimulate the economy and create jobs. The Senate is expected to introduce its own version of tax reform soon. Enacting a bill before the end of the year is still a long shot, given the complicated budget process and the opposition of powerful constituencies. If legislation is eventually enacted, it may look very different from the current proposal.

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Inbound marketing: A perfect fit for manufacturers

This post was originally published by Equinet

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Why do advanced manufacturers want to attend SPACECOM 2017?

SPACECOM 2017 – the Space Commerce Conference and Exposition - will showcase space technologies and explore new business opportunities in outer space on December 5–7, 2017, in Houston, Texas, at the George R. Brown Convention Center.  

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Expect value from distributors before, during, and after the sale

The sales process for many products, including machine tools, has changed. Thanks to easy access to information, customers who want to purchase a new machine today can narrow their choices to a few machines that will meet their needs before ever speaking with an actual sales person. After just a few clicks on a computer mouse, these customers can quickly research and compare data and machine specifications from several builders. They can also easily find and read reviews or social media posts from other manufacturers who are already using the machines to learn more about the pros and cons of each.

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Tax reform next on the agenda

The winds have shifted in Washington since Congress returned from the month long summer break. There is a new sense of urgency to get something done from both sides of the aisle. It's true that it took an act of nature to bring the parties together, but it took an act of bipartisanship to enact a disaster relief package that included: a down payment for rebuilding after the hurricanes, a short-term spending deal to keep the government open through December, and a three-month increase in the debt ceiling necessary to fund the spending.

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U.S. Manufacturing Technology Orders for September 2017
September continued their upward trend, ending the third quarter on a strong note. According to the latest U.S. Manufacturing Technology Orders Report, bookings for September 2017 were up 6 percent from August and posted a year-to-date figure 5 percent higher than the first nine months of 2016. The monthly total of $403 million fell short of September 2016 by 26 percent, a typical drop-off in odd-numbered years when IMTS, the largest manufacturing technology show in the Americas, does not occur.   (more)
U.S. Cutting Tool 2017 YTD Consumption up 7.7% in August
August U.S. cutting tool consumption totaled $196.23 million according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, was up 14.8% from July’s $170.95 million and up 11.6% when compared with the total of $175.81 million reported for August 2016. With a year-to-date total of $1.462 billion, 2017 is up 7.7% when compared with 2016.
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U.S. Manufacturing Technology Orders for August 2017
 The expansion of manufacturing technology orders slowed in August, but continued to push recovery into its third quarter according to the latest U.S. Manufacturing Technology Orders report. August orders were up 16 percent from July and 14 percent from August 2016.  (more)
U.S. Cutting Tool 2017 YTD Consumption up 7.1% in July
July U.S. cutting tool consumption totaled $170.95 million according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, was down 8.4% from June’s $186.57 million and up 16.0% when compared with the total of $147.43 million reported for July 2016. With a year-to-date total of $1.266 billion, 2017 is up 7.1% when compared with 2016.  (more)
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MFG Day & SFA
MFG Day is coming up and Shop Floor Automations, an MFG Systems Integrator, shares some ways to help with the holiday and the skills gap, even if you don't have a machine shop to bring kids to!   (more)
Concept Machine Tool to Host Open House/SteakFest 2017
Concept Machine Tool, a leading Minnesota machine tool, distributor will be hosting their biennial Open House & SteakFest on September 26-28, 2017 from 10:00 A.M. - 7:00 P.M.  The open house will be held at 15625 Medina Road, Minneapolis, MN 55447.  (more)
Shop Floor Automations News Lately
4 pieces of news about what Shop Floor Automations is up to with the second half of the year.   (more)
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