Business owners, union leader urge U.S. Senate to move ahead soon on stalled tax package
Source: Nebraska Examiner
By: Ashley Murray - March 12, 2024 7:14 pm
WASHINGTON — Business owners, CEOs and a steelworkers’ union official urged lawmakers Tuesday to quickly pass a tax policy bill that has been stalled in the U.S. Senate since the end of January.
The witnesses invited to testify on manufacturing taxation before the Senate Committee on Finance told the panel that the proposal, which includes extending and restoring three business tax incentives, is “critical” to growing their businesses.
“The ability of manufacturers to innovate is so important to global competitiveness, and our fear is without appropriate tax incentives to do that, companies will stand still for too long,” Anna Fendley, director of regulatory and state policy for the Pittsburgh, Pennsylvania-based United Steelworkers, testified.
The Tax Relief for American Families and Workers Act, which passed the U.S. House in January in an overwhelming bipartisan 357-70 vote, has been touted by both parties as a compromise to temporarily expand the child tax credit while also temporarily reviving or enhancing tax credits available to small businesses and corporations.
Sen. Ron Wyden, an Oregon Democrat, at a hearing of the Senate Finance Committee on Tuesday, March 12, 2024, in Washington, D.C. (Screenshot from committee webcast)
Read more: https://nebraskaexaminer.com/2024/03/12/business-owners-union-leader-urge-u-s-senate-to-move-ahead-soon-on-stalled-tax-package/
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I feel the American manufacturers and Union workers pain when dealing with a top down, anti-freedom country like ccp china. 
