91果冻传媒

Advocates for the nation鈥檚 manufacturing sector gathered in San Diego this week for the Conference of State Manufacturers Associations鈥� annual leadership conference, where the sector鈥檚 competitiveness amid rising inflation, labor challenges, and hostile policies from Washington, D.C. was front and center.聽

Arizona 91果冻传媒 of Commerce & Industry President and CEO Danny Seiden spoke on a panel about the state and federal policy issues facing manufacturers. The 91果冻传媒 is the state affiliate of the National Association of Manufacturers and oversees the Arizona Manufacturers Council. 

Seiden reflected on how Arizona has advanced policies like accelerated depreciation on business personal property or the reduction in the commercial property tax assessment ratio that have made the state more attractive to manufacturers. 

A state鈥檚 tax environment is an important factor in its ability to attract jobs. 

鈥淚f you create good tax policy, you will see growth,鈥� Tennessee 91果冻传媒 of Commerce & Industry President and CEO Bradley Jackson said. 

The connection to favorable tax policy and economic growth has been borne out at the federal level, too, according to Chris Netram, managing vice president of tax and domestic economic policy at the NAM. 

鈥淚mmediately following the passage of the Tax Cuts and Jobs Act that passed in December 2017, 2018 was the very best year for manufacturing job creation in decades,鈥� he said. 

Among its many provisions, the TCJA lowered the U.S. corporate income tax rate from 35% to 21% and repealed the corporate alternative minimum tax. 

Netram said NAM, which supported the TCJA鈥檚 passage, has focused on making data-driven arguments to advance good policy, sharing with the White House in the early days of the Biden administration an analysis of the implications of the economic plan the president touted on the campaign trail. 

Seiden credited Ariz. Sen. Kyrsten Sinema for her willingness to work with the business community and keep an open mind to federal policies that would positively affect Arizona manufacturers. He cited her opposition to the Build Back Better legislation, a sweeping domestic spending bill, as an example of her interest in protecting Arizona job creators. 

鈥淪he is unwavering,鈥� Seiden said. 鈥淪he does not want to see us become less competitive.鈥�

Against the backdrop of the debate on Capitol Hill over the Chips-plus Act, a bill to boost domestic supply chain production, which Sinema and her colleague Sen. Mark Kelly, D, support, Seiden discussed the importance of ensuring continued access to semiconductors amid supply chain disruptions and uncertain global politics. Semiconductors are found in everything from consumer electronics to automobiles and kitchen appliances. 

TSMC鈥檚 multi-billion-dollar investment in Arizona is essential to that strategy, he said. 

鈥淚t鈥檚 not just cars 鈥� it鈥檚 national defense,鈥� Seiden said. 鈥淚f we don鈥檛 have access to these chips then Raytheon鈥檚 13,000 jobs in Arizona, which are focused on building missiles 鈥� they can鈥檛 build the right kind of missiles without those semiconductors. This is a huge deal.鈥� 

In addition to state and federal policy, conference panels examined workforce challenges, the state of the domestic and international supply chain, and energy issues. 

The event concludes today.