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The following can be attributed to Tony Bennett, president & CEO of the Texas Association of Manufacturers:
“Nearly every manufacturing sector in America relies on semiconductors, making the current shortage of serious concern. Our semiconductor manufacturers in Texas are working steadily to increase production in what is among the most complex, sophisticated processes in all of manufacturing. As their work continues, we strongly urge Congress to prioritize policies that will hasten expanded semiconductor manufacturing, and in turn, support all of American industry and our nation’s economy. We applaud Congressman McCaul’s CHIPS for America Act, which includes smart investments and an investment tax credit to incentivize the new domestic semiconductor manufacturing facilities our industry and our economy need.”
Manufacturers: Failure to Renew Chapter 313 Leaves Texas Unable to Compete, Neighboring States Surely Celebrating
The following can be attributed to Tony Bennett, president & CEO of the Texas Association of Manufacturers.
“The Legislature failed to renew Chapter 313, our most important economic development tool, and our neighboring states are surely celebrating to see Texas throw in the towel. These states are hungrier than we are and don’t take for granted the economic engines of their states. As a result, other states will enjoy the massive rate of return of offering limited property tax discounts to attract multi-billion dollar projects and thousands of high-paying jobs. Meanwhile, Texas will be sidelined for major automotive, petrochemical, aerospace and high-tech manufacturing projects that cannot afford to locate in a state with the fourth highest property taxes in the nation, especially when nearly all other states offer property tax discounts. With the federal government directing funds to encourage construction of 7 to 10 semiconductor plants, no one should be surprised that Texas won’t be in the running because without Chapter 313, we can’t compete. I never thought I’d see the day when Texas took the same path California took decades ago when lawmakers took manufacturing jobs for granted and hurt their economy.”
TAM, THBI, TAB Joint Statement On Proposed Waiver Of Intellectual Property
The Texas Healthcare and Bioscience Institute, the Texas Association of Business, and the Texas Association of Manufacturers today issued a statement in response to the Biden Administration’s announcement in support of the World Trade Organization’s push to waive intellectual property protections for COVID-19 vaccines. The waiver, which has not yet been negotiated, could suspend existing patent and intellectual property protections, effectively forcing U.S. companies to hand over trade secrets and proprietary information and potentially resulting in safety and supply chain concerns. The joint statement reads:
“Innovation is the bedrock of the American economy and Texas benefits from the entrepreneurial spirit that allows new technologies, pharmaceuticals, and ideas to grow and flourish here. That is why we are alarmed at the Biden Administration’s support for removing intellectual property protections that are fundamental to the innovation ecosystem. R&D helps bolster a thriving, growing economy – and it requires costly and uncertain investments. Read more.
TAM Top 10 Policy Priorities
Bennett: “Texas must be competitive globally.”
The Texas Association of Manufacturers today released its “TAM Top Ten,” which details the Association’s policy priorities for the 87th Legislature in 2021.
“Competitiveness and job growth are at the core of our priorities for the 87th Legislature,” said Tony Bennett, president of the Texas Association of Manufacturers. “From economic development and critical infrastructure to workforce readiness and equity in tax policy, we are calling on lawmakers to advance Texas' global competitiveness.”
Bennett noted that Texas is the #1 state for exported manufactured goods and remains the #1 state to do business. “Smart public policy has been the key in keeping Texas on top,” he said.
TAM’s Top Ten policy priorities include:
Preserve Authority to Offer Limited, Temporary Property Tax Discounts
- Pandemic Liability Reform
- Equality in Business Taxation
- Business Personal Property Tax Reform
- Transportation & Critical Infrastructure
- Preserve ERCOT’s Competitive Wholesale Market
- Ensure Transparency and Oversight of Monopoly Utility Rates
- Career and Workforce Readiness
- TCEQ Regulations and Funding
- School and Workplace Health
For more information on each of the priorities above, please visit www.manufacturetexas.org/tam-top-10.
Commentary: Tesla deal generates tax dollars for Texas
By Tony Bennett and Dale Craymer
Limited and temporary property tax discounts, known as Chapter 313 agreements, allow Texas communities to attract major industrial projects, keep Texas competitive and grow jobs — and they do not cost taxpayers a dime. Regular critics of these discounts frequently mischaracterize the program by claiming companies receive taxpayer dollars to locate in Texas, which is not true. Read more.
As Texas and the United States move forward to recover from the devastating impact of the COVID-19 crisis, it is a reminder of how critical manufacturing is to our everyday lives. Check out our latest blog to see how manufacturers quickly adapted to retool operations to meet the demand for critical products needed to protect healthcare workers, first responders, patients and the public.