May 16, 2022

Washington Wire Action Alert: Urge Congress to Support Refundable Business Tax Credits


Action Alert: Urge Congress to Support Refundable Business Tax Credits  

The COVID-19 global pandemic has created a new reality affecting all aspects of life. As businesses, such as yours, look towards recovery Congress is poised to begin negotiations on the next economic stimulus bill.
Manufacturers have been on the front lines in responding to the COVID-19 crisis, many remaining open as essential businesses. Now is the time for Washington to support those businesses and help ensure a strong recovery by allowing companies to accelerate the use of General Business Credits. With over 86% of One Voice members experiencing lower revenues compared to pre-COVID levels, according to a recent survey, this proposal will help give manufacturers access to much-needed liquidity to ensure that they can remain open and continue to pay and support employees.
Members of Congress are asking manufacturers for input on how they benefit from General Business Credits such as the R&D tax credit, WOTC, employer-provided child care facilities/services, and the new FFCRA leave and employee retention credits and how much they have saved. If you are able, please provide information on how you benefit from these credits to, which NTMA/PMA will anonymize and use in lobbying efforts on Capitol Hill.
Manufacturers need support to help restart and strengthen the industry. Contact your member of Congress today by clicking here and urge them to support accelerating General Business Credits by temporarily making the credits refundable on an elective basis.



NIST Announces $50 Million in Emergency Funding to Support U.S. Manufacturers
In a victory for One Voice members, on July 8, the U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) announced it awarded $50 million in emergency funding to support U.S. manufacturers in response to the COVID-19 pandemic. NIST distributed this funding to its Manufacturing Extension Partnership (MEP) centers in every state and Puerto Rico. The funding awards range from $91,000 to $6.1 million and represent a one-time allocation from the Coronavirus Aid, Relief, and Economic Security (CARES) Act, for which One Voice lobbied.
Because of the CARES Act, MEP centers can accept this funding without having to match the award amount in private contributions. MEP centers will use the funds to help manufacturers increase production of personal protective equipment (PPE), reach new suppliers or markets, and recover from workforce and supply chain interruptions. More broadly, MEP centers can use the funds to support a national manufacturing recovery from the COVID-19 crisis. The awarding of funds is a major victory for One Voice, which lobbied extensively on this issue as well as for the CARES Act.



Trump Administration Finalizes NEPA Overhaul
Last week, the Trump administration finalized its overhaul to the National Environmental Policy Act (NEPA), changing how Federal agencies conduct environmental impact reviews. Formerly under NEPA, agencies review any significant long-term effects an infrastructure project could have on the environment, a process that creates years long delays in critical transit and other activities. The finalized rule limits the environmental impact review period of infrastructure projects to two years. In addition, the rule will allow proponents of an infrastructure project to submit their own environmental impact statements.
Furthermore, the final rule will no longer require agencies to consider the “cumulative” effects of new infrastructure projects on the environment. Courts have interpreted that this requirement instructs agencies to consider how an infrastructure project may contribute to climate change, causing considerable delays in construction. Finally, the rule narrows the definition of “major federal actions” to exclude projects with “minimal Federal funding or minimal Federal involvement.”
One Voice submitted comments in support of these changes to NEPA in March. Even though the Trump administration finalized this rule, sources expect it will likely be tied up in the courts and it could face a repeal under the Congressional Review Act (CRA). The CRA applies to any federal rules issued within the last 60 legislative days of a Congressional session. Therefore, if the Democrats take over the Senate and the White House after this November’s election, they will likely invoke the CRA and repeal this rule.



One Voice will Submit Comments Opposing Copper Based Alloy Tariffs Later this Week
At the beginning of July, the Office of the U.S. Trade Representative (USTR) started accepting comments on its updated list of European Union goods subject to tariffs as part of the ongoing Section 301 investigation involving the enforcement of U.S. WTO rights in the Large Civil Aircraft dispute, commonly known as the Boeing-Airbus dispute. The USTR considered imposing additional ad valorem duties of up to 100 percent on imported copper-based alloys when it announced the list on December 6, 2019. One Voice submitted comments against the imposition of these tariffs earlier this year and successfully persuaded USTR to not implement tariffs on copper-based alloys at that time after also providing in person testimony opposing the tariffs in August 2019. Because the USTR has again suggested implementing these tariffs in this announcement, One Voice will submit comments later this week because no U.S. suppliers exist for these metals.
One Voice encourages its members to also file comments with USTR asking the Trump administration to not impose tariffs of up to 100% on copper-based alloys, some of which is used in medical devices used to battle COVID-19. Click here to file comments opposing tariffs on the below from Europe:
USTR is considering the implementation of this items from the EU:
7407.10.50 Refined copper, bars and rods
7407.21.90 Copper-zinc base alloys (brass), bars & rods nesoi, not having a rectangular cross section 7408.21.00 Copper-zinc base alloys (brass), wire
7408.29.10 Copper alloys (o/than brass, cupro-nickel or nickel-silver), wire, coated or plated with metal
7409.11.50 Refined copper, plates, sheets and strip, in coils, with a thickness over 0.15mm but less than 5 mm 7409.21.00 Copper-zinc base alloys (brass), plates, sheets and strip, in coils
7409.29.00 Copper-zinc base alloys (brass), plates, sheets and strip, not in coils
7409.31.50 Copper-tin base alloys (bronze), plates, sheets and strip, in coils, with a thickness o/0.15mm but less than 5mm & a width of 500mm or more
7409.31.90 Copper-tin base alloys (bronze), plates, sheets and strip, in coils, w/thickness o/0.15mm but less than 5mm & a width of less than 500mm
7409.40.00 Copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver), plates, sheets and strip, w/thickness o/0.15mm
7409.90.90 Copper alloys (o/than brass/bronze/cupro-nickel/nickel silver), plates, sheets & strip, w/thick. o/0.15mm but less th/5mm & width less 500mm
7411.22.00 Copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc based alloys (nickel-silver), tubes and pipes