Why Business Should Care
With Washington gridlock resulting in a federal government shutdown, it is no surprise that business executives throw up their hands and tune out voices of politicians. Partisan rhetoric drowns out calls for reason. So let’s focus on company goals and strategies and ignore shenanigans of lawmakers.
But can we? Those same lawmakers are devising mandates, regulations, and so-called tax reforms. Over the past 20 years, the staff and industry supporters at the Manufacturing Solutions Center have invested energy and resources to head off unrealistic mandates. Example: proposed testing and labeling for lead content in socks.
On the horizon at the state level will be more efforts at tax reform. The good news here is the goal to eliminate corporate taxes and reduce personal income tax. But revenue has to come from some sources and this may entail the supply chain and energy purchases.