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PMA Focusing on Key Legislative Issues

PMA Focusing on Key Legislative Issues

Wednesday, June 23, 2004
 
Over coming months, many initiatives affecting small and medium-sized businesses will be focused on in Washington, D.C. The Precision Metalforming Association (PMA), with a permanent presence in our nation’s capital through its lobbying firm, Williams Mullen Strategies, is taking a proactive approach to these initiatives. To make health care more affordable for small businesses, in May the House of Representatives passed the Small Business Health Fairness Act (H.R. 4281). The bill creates association health plans, allowing small businesses to band together through a trade association or chamber of commerce to purchase health care for employees. Savings on premiums through this act are estimated to be 15-30 percent. PMA calls on the Senate to take similar action, and asks you to visit www.metalformingadvocate.org and sending a message to senators asking them to pass such legislation without delay. Also, prior to the November elections, Congress is likely to pass a large corporate tax-cut bill. PMA is working to ensure that the final legislation will include a reduction in the corporate tax bracket from 35 to 32 percent for domestic manufacturers. A portion of this bill may include an extension of a tax law that allows companies to expense $100,000 toward the cost of capital equipment. The credit is set to expire in 2006. PMA also seeks bill language that addresses tax credits for worker training and hiring, and provides incentives for research and development of new technology.

 

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