Washington, D.C. – Steel Manufacturers Association (SMA) president Philip K. Bell commented today on the Senate’s approval of the tax bill. “It is good to see Senate pass this bill and to score this legislative victory. It is our hope that the after reconciliation with the House version of the bill, the final legislation will result in significant economic growth that improves the fiscal situation for individuals, small businesses and corporations.”
Bell added “With Senate passage of the tax bill, it is now time for the administration to pivot and focus on the pledges it has made to 21st Century Steelmakers. With taxes completed it is time to finish the Section 232 Investigation and release the report on or before the statutory deadline in mid-January. This will give the President ample time to review the report and propose remedies. Dealing with unfair and illegal trade that threatens our national security is vital. A positive 232 outcome coupled with tax reforms will help SMA members continue to build businesses, lives and communities.”
SMA is North America’s largest steel industry trade association, and the primary association for electric arc furnace steel producers. SMA’s 25 producer member companies account for over seventy-five percent of total domestic steelmaking capacity and have operations in 43 U.S. states and 115 congressional districts. For more information visit SMA’s website at www.steelnet.org or our Facebook page.