News & Insights
Tax Q&A with Rep. Nathaniel Moran (R-TX)
NAM: Rep. Moran, H.R. 1 created a new deduction for qualified overtime compensation, available through 2028. Manufacturing is one of the sectors where overtime is most prevalent—production demands, shift scheduling and seasonal surges mean manufacturing workers regularly put in hours well beyond 40 per week. What does this deduction mean specifically for manufacturing workers, and …
NAM Urges Chemicals Policy Modernization
The NAM supports the administration’s moves to streamline regulations for manufacturers while continuing to protect public and environmental health, and three recent actions by the Environmental Protection Agency seek to do just that. What’s going on: In recent months, the EPA has launched the reconsideration of three 2024 regulations: the Commercial Sterilization National Emissions Standards …
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Permits Rebound as Multifamily Construction Strengthens
Building permits increased 5.8% in April but ticked down 0.2% over the year. Permits for single-family homes in April declined 2.6% and 5.5% over the year. On the other hand, permits for buildings with five or more units surged 22.7% from March and 11.5% over the year. In April, housing starts decreased 2.8% from March …
