AEM Urges House to Support Economic Stimulus

January 28, 2009 – Dennis Slater, president of the Association of Equipment Manufacturers (AEM), has sent a letter to the U.S. House of Representatives urging them to support the H.R. 1 American Recovery and Reinvestment Act of 2009 to jump start the economy and increase long-term competitiveness. At the same time, AEM cautions representatives to avoid tacking on “misguided provisions that would restrict trade or create protectionist policies.”

In the letter, Slater said that the legislation would allow for a needed investment in the nation’s infrastructure. In addition to citing the importance of the act’s infrastructure-related provisions, AEM lauded the act’s important adjustments to the tax code that would help businesses “not only to survive these hard times but to make the necessary investments for growth.”

 

SIater concluded, “H.R. 1 is not perfect, but the economic situation demands we act now, and this bill provides the impetus we need to set our nation once again on a path to prosperity.”