As we roll into the new year, this edition of the
Manufacturing Industry Advisor takes a look at some of the
key regulatory issues that manufacturers will be facing in 2015.
Based on recent discussions with key legislative and industry
association figures in D.C., below we provide a summary on how the
following regulatory areas may significantly impact manufacturers
this year: tax reform, trade policy, skilled workforce policies,
and increased administrative activism.
Tax Reform
The last Congress, including excellent work from outgoing Ways
and Means Chair David Camp (R-Michigan), started the important
spade work on federal tax reform but this work has not yet borne
fruit. With Republican majorities in both houses, tax reform is
expected to be an important issue in 2015 which becomes more
challenging to tackle deeper into 2015, as the 2016 Presidential
elections loom. Manufacturers should stay engaged in and attuned to
these issues as they progress, especially