Association of Equipment Manufacturers President Dennis Slater issued the following statement following the House vote to approve the conference report of the Tax Cuts and Jobs Act:
The equipment manufacturing industry applauds the House of Representatives for keeping its commitment to passing pro-jobs, comprehensive tax reform legislation. The passage of H.R. 1, the Tax Cuts and Jobs Act is a testament to the years of hard work that laid the groundwork for this historic achievement.
Tax reform is a huge win for equipment manufacturers of virtually every type and their employees. From small, family-held manufacturers to large, publicly-traded companies, the Tax Cuts and Jobs Act will improve the bottom line for equipment manufacturers across the country. The bill passed today will encourage equipment manufacturers large and small to hire new workers, expand facilities, and purchase new equipment; the legislation will also tilt the playing field back in favor of equipment manufacturers here in the United States.
There are many leaders in the House of Representatives who deserve credit for helping to advance this critically important priority for equipment manufacturers. Speaker Ryan and Chairman Brady led the effort to make the long-held goal of comprehensive tax reform that will power a growing economy for years to come. Still many more members of Congress deserve the gratitude of the 1.3 million men and women of the equipment manufacturing industry for helping make pro-growth, pro-jobs tax reform a reality.
Our industry will continue to seek improvements and reform’s to our nation’s tax code in order to make the United States the most competitive place for equipment manufacturers. Nonetheless, the bill passed today is a once-in-a-generation accomplishment that the House of Representatives should be proud of. Equipment manufacturers look forward to President Trump’s signature on this legislation in short order.