28 Apr 2021
President Joe Biden used his first address before a joint session of Congress Wednesday evening to talk about the “American Families Plan” for low- and middle-income families.
Biden mentioned his “American Families Plan” will give affordable child care, guarantee that low- and middle-income families will not have to pay “more than seven percent of their income for high-quality care for children up to the age of five,” and “expand the tax credit for every child in a family.” This would provide “up to $3,000 in a ‘child tax credit’ for children over six and up to $3,600 for children under six.” In addition, for two parents with two kids, the tax credit would be up to $7,200 “to help take care of your family,” Biden said.
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As manufacturing goes through digital transformation, small to medium-sized manufacturers have just as much opportunity to reimagine their operations as large businesses. And to help these companies think through their options, the NAM and Stanley Black & Decker got together to host a Creators Wanted virtual session on making use of “Industry 4.0” technologies.
Who participated: NAM President and CEO Jay Timmons, Connecticut Gov. Ned Lamont and Stanley Black & Decker CEO Jim Loree spoke at the event. Other business leaders and government officials, including Connecticut Business & Industry Association President and CEO Chris DiPentima, also joined the session.
Inside Manufacturing 4.0: “All of us want to be a part of Manufacturing 4.0, a fourth Industrial Revolution in manufacturing, powered by digital and smart technology,” said Timmons. “There’s literally no business that can’t benefit from tapping into digital transformation. And today’s event is ab
CEO Jay Timmons says manufacturing holds the key to solving this global challenge.
Apr 23rd, 2021
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Washington, D.C. – Following President Joe Biden’s announcement on the 2030 greenhouse gas pollution reduction target, National Association of Manufacturers President and CEO Jay Timmons released the following statement:
“Climate change is an issue our generation must tackle. Like past generational challenges world wars, the space race, the COVID-19 response and vaccine development manufacturers will lead the way and ensure our country emerges stronger. After all, it is manufacturers who will make the needed products and technologies clean energy, carbon capture, batteries, microgrids, efficiency, advanced vehicles and more.
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After the passage of tax reform in 2017, the lower corporate tax rate and faster tax depreciation of capital equipment purchases enabled Optimax Systems a manufacturer specializing in optics for semiconductor, aerospace and defense technologies to reinvest in its workers and operations.
Hiring new workers: Since 2018, the New York manufacturer has hired aggressively, increasing its full-time headcount from 290 to 340. It has also raised salaries for employees, with an average annual increase of 4.8% since 2017 well above the company’s annual increases before 2017. Optimax sees the increases in hiring and wages as a vote of confidence in its workforce and as a way to pay forward the benefits of tax reform.