Business Leaders Push 'Three Ts' on Capitol Hill

Posted: Updated:
WASHINGTON, D.C. -

Indiana Chamber of Commerce Chief Executive Officer Kevin Brinegar is calling on Indiana's Congressional delegation to "act boldly" on issues pertaining to trade, transportation infrastructure and tax reform. He is among a group of business leaders in the nation's capital today to meet with Indiana lawmakers. Brinegar is pushing for action to promote "free and open trade," which he says is crucial for manufacturing-intensive states like Indiana, and to call on tax reform, including a permanent end to the medical device tax.

Brinegar says the United States has been "out-hustled" in recent years by countries like Mexico in establishing trade agreements. He says that makes manufacturing cheaper in those countries, leading to moves like Connecticut-based United Technologies Corp. (NYSE: UTX) relocating manufacturing operations from Carrier Corp. in Indianapolis and Huntington-based United Technologies Electronic Controls Inc. to Mexico. 

On the tax front, Brinegar says he wants to deliver the message to Indiana's delegation that "You did good last year," but says bolder action is necessary. He says, while a two-year moratorium on the medical device tax, which impacts Indiana's prominent medical technology and orthopedic industries, is a step in the right direction, he wants to see it repealed entirely.

In addition, Brinegar says a 35 percent corporate tax rate "is killing us." He contends it causes investment to go elsewhere that would otherwise have gone to the United states, and also encourages companies that do business in other countries not to bring profits back to the United States.

The group will meet with Indiana's U.S. representatives and senators today. On Wednesday, the delegation took part in a roundtable discussion moderated by Inside INdiana Business host Gerry Dick.

Brinegar says bold economic action is needed to make sure the United States stays globally competitive.
  • Perspectives

    • Why Blogging Without Rules Produces the Best Content

      I spend a lot of time talking with people about what makes writing good. Depending on who you ask, good writing might be exciting and illustrative. It might be simple and efficient. If you ask someone who works in marketing, good writing translates to whatever helps a marketing strategy generate more leads, or more sales, or more of whatever a business is looking to gain. Though I fully respect and agree with this results-oriented perspective on content, in practice it can be...

    More

Events



  • Most Popular Stories

    • The Honda Greensburg plant opened in 2008.

      Honda to Invest $4M, Add Jobs at Greensburg Plant

      The American Honda Motor Co. continues to invest in its Greensburg, Indiana plant as it has announced the factory will be producing the company’s first electrified sport utility vehicle in the U.S. The company says it will invest more than $4 million and add 34 new jobs in the plant to support production of the CR-V Hybrid.  

    • (photo courtesy of The Times of Northwest Indiana)

      Valpo Mansion May Fall to Wrecking Ball

      A one-time mansion that once hosted dignitaries and politicians while they visited Valparaiso appears to be facing demolition, following years of decline and disrepair.  The stately mansion, known locally as the Brown home, maybe knocked down and replaced with condominiums, according to our partners at The Times of Northwest Indiana. 

    • Socio received the Top-Rated Overall Culture award. (Provided Photo/Socio)

      Inaugural Tech Culture Award Winners Unveiled

      Indianapolis-based Powderkeg has unveiled the winners of the inaugural Indiana Breakout Tech Culture Awards. Eleven Hoosier tech companies received the honors based on survey rankings from the 2019 Tech Census, which focused specifically on tech cultures. Nearly 270 tech companies were nominated and the winners were selected from a group of 50 finalists. More than 1,300 individuals responded to the survey, which allowed employees to rate their companies and employers on...

    • Photo courtesy of Purdue University

      Purdue Offers 'Stranger Things' Replica Tee

      Purdue University has partnered with trademark licensing agent CLC to produce a special-edition replica Purdue shirt that appeared on an episode of Netflix’s “Stranger Things 3.”  The university also teamed up with Venley to accurately replicate the shirt, which will be available at retailers on the West Lafayette campus and online later this month.

    • Mearns was named Ball State's president in 2017.

      Ball State President Bullish on Growth Potential

      The president of Ball State University says he is optimistic about the growth trajectory for the school and the Muncie community at large. Ball State recently set a new record for total enrollment with more than 22,000 students, including its largest-ever freshman class. The university is also continuing with several major capital projects, including the more than $87 million Foundational Sciences building, which broke ground earlier this month. In an interview in Studio (i) with...