ILMA Compoundings December 2016 - 6
FROM THE CEO
expense some capital investments. Congress has been working
on tax reform for several years, and House Speaker Paul Ryan
and others in leadership have indicated a willingness to move
forward during the first 100 days of the next Congress.
Health Care: "Repeal and replace" has been the mantra of the
Trump campaign on this issue. It's highly unlikely that some of
the more popular provisions of the Affordable Care Act (ACA)
will go away, such as requiring insurance companies to cover
pre-existing conditions and allowing young people to stay on
their parents' insurance until they reach the age of 26. Trump
has said he would address some of the issues that caused the
failure of the state exchanges by allowing private insurance
companies to compete across state lines. Given the Republican
majority's disdain for many provisions of the ACA, Congress is
likely to put this issue on its radar early next year.
Regulatory Reform: As we all know, the Obama administration
has been prolific with new regulations. For many years,
Congress has had the ability under the Congressional Review
Act (CRA) to overturn burdensome regulations by passing
a resolution of disapproval. This type of resolution is NOT
subject to the procedural requirements in the Senate that
make a filibuster possible. In recent months, Congress passed
a CRA resolution seeking to overturn some of the Obama
administration's more onerous regulations, such as the
overtime rule, only to have President Obama veto them. Now
with a friendly administration, Congress will have more ability
to utilize the CRA. Additionally, one can expect legislation to
repeal a number of rules that are considered burdensome and
costly.
Regardless of your view on the election, when it comes to
manufacturing's top issues, there will be more opportunities
than ever to get traction. Make sure you stay informed by
keeping up with the ILMA Digest, delivered to your email inbox
each Friday.
Alfano is CEO of the Independent Lubricant Manufacturers
Association (ILMA). She may be reached at 703-684-5574 or
halfano@ilma.org.
MARK YOUR
CALENDARS!
SUMMIT
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NAM Manufacturing Summit?
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video at ilma.org
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SUMMIT
GRAND HYATT * WASHINGTON, DC.
www.nam.org/summit/
Vol. 66 No. 12 * 6 * December 2016 Compoundings
http://www.ilma.org
http://www.ilma.org
http://www.nam.org/summit/
Table of Contents for the Digital Edition of ILMA Compoundings December 2016
ILMA Compoundings December 2016 - 1
ILMA Compoundings December 2016 - 2
ILMA Compoundings December 2016 - 3
ILMA Compoundings December 2016 - 4
ILMA Compoundings December 2016 - 5
ILMA Compoundings December 2016 - 6
ILMA Compoundings December 2016 - 7
ILMA Compoundings December 2016 - 8
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