MT Magazine May/June 2023

THE WORKFORCE ISSUE

10

MANUFACTURING MATTERS

ADVOCACY

AMT Supports Death Tax Repeal Act AMT recently joined over 150 small business organizations in support of a permanent death tax repeal. Business groups from every sector of the economy signed the coalition letter released by the Family Business Coalition. The 2017 Tax Cuts and Jobs Act nearly doubled the estate tax exemption. But only temporarily. If action isn’t taken by Dec. 31, 2025, the exemption could be cut in half, increasing the number of manufacturers subject to estate taxes and the number of jobs lost. Extending the deadline won’t help the millions of small businesses subject to the tax. Only a permanent solution provides the certainty necessary for growing and hiring.

The coalition letter states: “Far too often, this tax is paid by selling family assets like farms and businesses. Other times, employees of the family business must be laid off and payrolls slashed.” To learn more, visit AMTonline.org/article/death-tax-repeal.

INTERNATIONAL

Workforce Development: A Universal Language Everyone is familiar with the challenges facing manufacturing in attracting and retaining a workforce. The skills gap, the need for competitive compensation and benefits, creating a positive work culture, embracing technology and innovation, and promoting career development opportunities are the most obvious. Countries worldwide are investing in solutions to address these challenges and ensure a sustainable workforce for the future. Examples include Germany’s well-developed system of vocational education and training, Singapore’s emphasis on skills training and lifelong learning, South Korea’s investment in education and vocational training, Switzerland’s apprenticeship programs, and the United States’ range of workforce development programs. Global private and public investments are critical in these areas of training and development if we are to equip the next-generation workforce with the necessary skills and knowledge to meet the changing demands of the industry.

The Manufacturing Technology Series connects decision-makers from diverse industries with leading suppliers of advanced manufacturing technology, equipment and tooling. The Manufacturing Technology Series 2023: Four Regions . One Mission .

Feb. 21-23, 2023

May 16-18, 2023

Oct. 24-26, 2023

Nov. 7-9, 2023

Don’t miss the most important manufacturing technology events in the U.S. in 2023.

Visit mtseries.com to learn more.

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6/23/22 5:05 PM