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Illinois Manufacturers’ Association Calls on Senate to Oppose Federal Budget Reconciliation Bill That Would Raise Taxes on Manufacturers

FOR IMMEDIATE RELEASE
November 23, 2021

Illinois Manufacturers’ Association Calls on Senate to Oppose Federal Budget Reconciliation Bill That Would Raise Taxes on Manufacturers

SPRINGFIELD – The Illinois Manufacturers’ Association (IMA) released the following statement regarding the federal budget reconciliation bill, which recently passed the U.S. House of Representatives and is pending action in the Senate:

“Manufacturers have led the way throughout the pandemic, creating life-saving vaccines and treatments, producing needed medical equipment and ensuring store shelves remain stocked despite widespread global supply chain disruption. Lawmakers should be looking for ways to strengthen the American manufacturing sector, not passing spending bills that will make it harder for manufacturers to grow jobs and invest in our communities,” said Mark Denzler, president and CEO of the Illinois Manufacturers’ Association. “We call on senators to reject this legislation, particularly the ‘book tax’ that would increase the cost of machinery and equipment purchases, as well as the provisions on drug pricing that would hamper the very innovation that has helped us fight COVID-19. The time to invest in American manufacturing is now, it’s imperative lawmakers reject these harmful policies.”

About the Illinois Manufacturers’ Association (IMA)

The Illinois Manufacturers’ Association is the only statewide association dedicated exclusively to advocating, promoting and strengthening the manufacturing sector in Illinois. The IMA is the oldest and largest state manufacturing trade association in the United States, representing nearly 4,000 companies and facilities. For more information, please visit http://ima-net.org/.

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