Working to Save Your Business Money
How much is bureaucratic red tape from Washington DC costing your sign company? The National Association of Manufacturers (NAM) has issued a new report that shows the macroeconomic impact of federal regulations on our nation’s manufacturers. The results, which can be found here, reveal that the financial burden of federal regulations falls disproportionately on America’s small manufacturers, especially those with fewer than 50 employees. This includes the vast majority of sign companies. These small manufacturers incur regulatory costs of $34,671 per employee per year, which is more than three times the cost borne by the average U.S. company.
This new data confirms why ISA works with other like-minded organizations in Washington DC – to reduce the regulatory costs on the sign and visual communications industry. ISA recently joined with the NAM and dozens of other associations in urging Congress to act to make permanent the tax provisions that benefitted manufacturers and that expired at the end of 2013. ISA believes that “Failure to extend these provisions is a tax increase” which will “inject instability and uncertainty into the economy.” ISA also works to enact regulatory reform, some of which has passed the U.S. House of Representatives, only to meet a dead-end in the U.S. Senate.
For more information, please contact David Hickey.
