Passage of new trade pact a huge win for Texas: Ratification of the #USMCA is critical to the economic future of Texas because it will preserve and strengthen our trade ties with Canada and Mexico. @DRC @Toyota https://t.co/ofXIknN4MY
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TAM Top 10 Policy Priorities
Bennett: “Competitiveness is priority one.”
The Texas Association of Manufacturers released its “TAM Top Ten,” which details the Association’s policy priorities for the 86th Legislature in 2019.
“Competitiveness and job growth are at the core of our priorities for the 86th Legislature,” said Tony Bennett, president of the Texas Association of Manufacturers. “From economic development and tax policy to workforce development and properly funded regulators, the Legislature has tremendous opportunities to protect and advance our global competitiveness in the upcoming session.”
Bennett noted that Texas is the #1 state for exported manufactured goods and remains the #1 state to do business. “Smart public policy and elected officials who value Texas jobs are equally important to keeping Texas on top,” he said.
TAM’s Top Ten policy priorities include:
- 1. Preserve Property Tax Abatement Authority
- 2. Global Economic Competitiveness
- 3. Equality in Business Taxation
- 4. Business Personal Property Tax Reform
- 5. Aerospace and Aviation Manufacturing Competitiveness
- 6. Preserving ERCOT’s Competitive Wholesale Market
- 7.Protecting PUC Jurisdiction in Non-ERCOT Areas
- 8. Career and Workforce Education Needs
- 9. TCEQ Funding
- 10. School and Workplace Health
For more information on each of the priorities above, please visit www.manufacturetexas.org/resources.
TAM Praises Legislature for Strengthening Texas Economy
The Texas Association of Manufacturers (TAM) applauded the members of the Texas Legislature for their work this session to strengthen the Texas economy with smart policy related to taxes, economic and workforce development and natural resources.
“Public policy that encourages investment in Texas is the cornerstone of our ability to compete in the global marketplace,” said Tony Bennett, president of TAM.
Several of TAM’s priorities passed the Legislature including an extension of Chapter 312 of the Texas Tax Code (HB 3143), which allows cities and counties to grant temporary property tax exemptions to new investment projects; HB 1607, which better aligns the Texas franchise tax deduction rules with federal contracts for the aerospace and defense industry; and HB 3, which includes provisions that will bolster workforce development in Texas. These bills are now headed to Governor Abbott for his signature. Read more.