
Exploring the Benefits of the One Big Beautiful Bill
House Republican Conference Chairwoman Lisa McClain (R-Mich.) recently visited New Jersey as part of the One Big Beautiful Bill Act (OBBBA) tour, aimed at connecting with manufacturing companies across multiple states. This legislation adds permanence to provisions established under the 2017 Tax Cuts and Jobs Act, granting vital incentives that can significantly benefit manufacturers.
The OBBBA includes measures such as reinstating full expensing for new equipment purchases, exempting overtime pay from taxes, and maintaining a 20% small business deduction, particularly aiding those businesses structured as pass-through entities. McClain, supported by Representative Tom Kean Jr. (NJ-R) and federal manufacturing officials, engaged in direct discussion with businesses to understand their needs.
The Real Impact on Local Businesses
During the tour, discussions highlighted the challenges faced by Bihler of America, a manufacturer specializing in automation systems. CEO Maxine Nordmeyer shared insights on how her company, despite posting over $100 million in sales last year, is struggling after losing a key client and having to lay off employees. Moreover, she underscored the complications introduced by current trade tariffs impacting material costs, a sentiment echoed by many in the industry.
What’s Next for the Manufacturing Sector?
Despite the hurdles, Nordmeyer expressed optimism about an uptick in business by year-end, anticipating more orders thanks to the support of legislation like the OBBBA. McClain reassured her that adjustments are being made at the governmental level regarding trade policies, illustrating a commitment to fostering a favorable manufacturing landscape.
The visit underscored a crucial aspect of working closely with manufacturers to grasp the evolving challenges of today’s economy. Representatives like McClain and Kean are trying to bridge the gap between policy implementation and real-world applications in manufacturing, ensuring that legislative decisions enhance productivity and facilitate growth within the sector.
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