Passage of the American Taxpayer Relief Act

“We are encouraged by the actions of Congress and the Administration to delay the implementation of sequestration with the passage of the American Taxpayer Relief Act. We hope this is the first step towards permanent elimination of the automatic across-the-board sequestration cuts that threaten to weaken virtually all government programs and operations, damage our national security, and adversely affect our industry. Until sequestration is permanently eliminated, there will be an overhang on our industry that stifles investment in plant, equipment, people, and future research and development essential to the future health of our industry.  We look forward to continuing to work with our government leaders to find a more effective solution to our nation’s fiscal challenges.”