Bessent, Miller-Meeks See Tax Law in Action at NAM-Hosted Vermeer Event
August 21, 2026
On a recent tour of Vermeer Corporation’s Pella, Iowa, headquarters, Treasury Secretary Scott Bessent and Rep. Mariannette Miller-Meeks (R-IA) saw firsthand the positive effects of H.R. 1 (The Gazette, subscription).
What’s going on: SecretaryBessent and Rep. Miller-Meeks visited the industrial and agricultural machinery maker on Aug. 12 for an NAM-hosted tour of Vermeer’s new global distribution center and a roundtable discussion with other Iowa manufacturers.
- “Bessent said manufacturers at [the] roundtable highlighted the 2025 tax law’s permanent full-expensing provision, which allows businesses to immediately deduct the cost of qualifying equipment.”
Why it’s important: H.R. 1 “has been very beneficial for Vermeer, our dealers and our customers,”Vermeer President and CEO and NAM Executive Committee member Jason Andringa told The Gazette.
- Andringa “said provisions encouraging research and development, equipment expensing and factory construction contributed to Vermeer’s decision to build a new manufacturing facility in Bondurant,” according to The Gazette.
- Vermeer plans to move its Des Moines operation, currently at a rented location, to the Bondurant site, “which will be roughly three times as large and create an additional 150 to 200 jobs.”
Investment in action: Vermeer’s new global parts distribution center, representing a roughly $44 million capital investment, created about 100 jobs and is expected to triple the company’s parts throughout—a concrete example of reinvestment tied to the tax law’s investment provisions.
A growing business: Vermeer is experiencing double-digit growth, Andringa said at the event, “driven largely by its industrial equipment business serving infrastructure installation, organic waste processing and other markets.”
What they’re saying: “Great to join [Rep. Miller-Meeks] and [the NAM] at the Vermeer Corporation facility in Pella, Iowa, to hear directly from farmers and manufacturers how pro-growth policies are translating into investment and opportunity across America’s heartland,” Secretary Bessent posted on X following the event.
- “We heard directly from Vermeer’s workforce about how the Working Families Tax Cuts are helping expand American manufacturing and create good-paying jobs right here at home,” Rep. Miller-Meeks posted on X.
- The White House’s rapid response account also highlighted the event in an X post.
Learn more: Explore the NAM’s tax advocacy here, including its new “Manufacturing Tax Wins Across America” flipbook, featuring 50 success stories driven by the permanent pro-growth tax provisions in H.R. 1—one from every state.
