November 10, 2014
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What does GOP majority in Congress mean for business?



As Washington, D.C., prepares for Republicans to take over majority control of the Senate, observers are looking at how business-related issues could fare. A few possibilities from The Washington Post and Business Journals:

  • Reauthorization of the Ex-Im Bank, which Sen. Patty Murray said "will be a challenge"
  • Tax overhaul, with an eye to reducing America's high corporate tax rate.
  • Immigration reform for both low-skill seasonal labor and highly skilled science and engineering workers.
  • The Keystone XL pipeline, as Republicans continue to push for approval.
  • Opposition to the Obama administration's proposed rules to cut carbon dioxide emissions.
  • Changes to Obamacare, although an outright repeal is unlikely.
  • Approval of trade agreements, such as the long-delayed Trans-Pacific Partnership.
National business groups, including the U.S. Chamber of Commerce and the National Association of Manufacturers, were optimistic about the results. “Now is the time to govern,” said NAM President and CEO Jay Timmons. "Manufacturing in the United States has come back — we’re hiring again and powering our economy, but we need Washington working again to get America on the right track."

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MOVING IN THE WRONG DIRECTION

State waves goodbye to R&D tax incentive

By Kris Johnson, AWB President

Beginning in January, Washington state will become one of just a handful of states in the country that doesn't offer private employers some kind of a tax incentive to promote research and development activities.

That's because a pair of tax incentives created back 1994 are set to expire at the end of this year, despite attempts during the last legislative session to extend them.

Click here for the full column in The Wenatchee World
MANUFACTURING SUMMIT HIGHLIGHTS

VIDEO: Washington's manufacturers were on display at the 2014 AWB Manufacturing Summit
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