Tax
NAM to Congress: Reverse Course on Harmful Tax Changes
Morning Tax newsletter covered the NAM’s advocacy for these provisions.
Timmons: Debt Ceiling Uncertainty Will Derail Manufacturing Growth
Manufacturers Call on Administration and Congress to Act Swiftly
Washington, D.C. – National Association of Manufacturers President and CEO Jay Timmons released the following statement regarding negotiations to raise the debt ceiling: “It is imperative that Congress and the administration reach a resolution to the debt limit issue as swiftly as possible. Waiting to act until extraordinary measures are exhausted constitutes dangerous brinkmanship that …
Capital Spending Expected to Decrease in 2023
The Wall Street Journal (subscription). The outlook: As forecasts for 2023 continue to predict an economic downturn, companies are slowing down their spending on capital, including property, equipment and technology investments. Multiple companies that expanded during the pandemic are cutting down 2023 investments by millions, such as FedEx Corporation (reducing capital spending by $400 million) …
Where Are All the Accountants?
The Wall Street Journal (subscription). The problem: In the past two years, there has been a significant turnover among accountants and auditors, with more than 300,000 leaving their jobs, federal data shows. The impact on clients: This means that companies providing basic services like audits and tax returns are struggling to meet the needs of …
