EPA Regulations Will Severely Harm Missouri’s Economic Growth

New Report Details the Significant Economic Impact of Questionable EPA Regulations on Missouri Jefferson City, Mo. – Associated Industries of Missouri (AIM) and the National Association of Manufacturers (NAM) released a new study today by ndp|consulting, A Critical Review of the Benefits and Costs of EPA Regulations on the U.S. Economy (http://www.nam.org/~/media/423A1826BF0747258F22BB9C68E31F8F.ashx), that examines the harmful impact of several burdensome Environmental Protection Agency (EPA) regulations on Missouri’s economy. The study finds that the annual compliance costs of the EPA’s proposed Utility MACT, Boiler MACT and Coal Combustion Residuals regulations on Missouri will be $539 million. “The regulations coming out of Washington continue to dampen growth and job creation in Missouri,” said Ray McCarty, president of Associated Industries of Missouri. “Just the implementation of the EPA’s regulations will cost our state billions of dollars and shed jobs at a time when we are faced with a 6.9 percent unemployment rate. Missouri’s businesses are struggling to gain momentum, and these regulations are

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AIM stands with Sen. Schmitt for “Broad-Based Tax Relief”

Associated Industries of Missouri (AIM) announced Tuesday that the organization will ask lawmakers and Governor Jay Nixon to approve a 50 percent tax cut for every Missouri business during the 2013 legislative session. Senator Eric Schmitt (R-St. Louis County) announced his plan today to file AIM’s “Broad-Based Tax Relief Act” in the Missouri Senate. “For about $357 per unemployed Missourian, our state could help Missouri employers provide new jobs through real, broad-based, pro-business tax relief,” said Ray McCarty, president of Associated Industries of Missouri. “For less than the cost of three weeks’ worth of unemployment benefits paid by the state to an unemployed Missourian, the state can provide a tax cut to employers so they can hire unemployed Missourians. Besides the pride that goes with a job, every person that obtains a job transforms from a person taking from the system into a person contributing to the economy through wages and taxes.” The tax cut would be phased-in over five years. The

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AIM Again Proposes Tax Cut for All Missouri Businesses – Speaker of the House is Listening

Missouri News Horizon is reporting House Speaker Tim Jones is planning to make business incentives and tax cuts a priority in the upcoming legislative session. This is good news for Associated Industries of Missouri members. Associated Industries of Missouri (AIM) has proposed cutting business income taxes in half over five years.  The tax cut would apply equally to corporations and to S Corporations, partnerships, sole proprietors – every type of business in Missouri.  Similar legislation was considered in the 2012 legislative session, but failed to gain final passage. “This AIM tax cut proposal is a strong step forward for Missouri as we continue to compete for new businesses and it helps our existing employers at the same time,” said Ray McCarty, president of Associated Industries of Missouri.  “We are pleased Speaker Jones is open to the idea of broad based tax relief and we hope to see early action on our proposal this year in the Missouri legislature.” The plan

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Sequestration Would Take Heavy Toll on Missouri Manufacturers and Suppliers

The federal government is looking for ways to avoid drastic defense department cuts that are scheduled to take effect Jan. 2, 2013 as part of the Budget Control Act of 2011. The act calls for a sequestration process to control a rapidly growing national debt by cutting discretionary defense spending by 10 percent over the next decade, equating to $55-60 billion in 2013. “The sequester was never intended to pass through Congress, but was used to light a fire under our congressional leaders who needed to act in order to preserve a manageable national debt,” said Ray McCarty, president of Associated Industries of Missouri. “Defense contractors and their smaller suppliers are now facing a measure that would be equivalent to General Motors and Ford going bankrupt.” Companies like Boeing, Lockeed-Martin, Northrup Grumman, BAE Systems, General Dynamics and United Technologies stand to lose millions if the government cancels or restructures military programs or contracts. Boeing CEO Jim McNerney has already stated

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DOE Makes Small Modular Reactor Announcement

Ameren Missouri and Westinghouse announced Tuesday they will continue their partnership’s pursuit of the United States Department of Energy’s follow-on solicitation for Small Modular Reactor programs. The announcement came after the DOE announced it would award the initial federal grant for its SMR program to Babcock and Wilcox Company in the Tennessee Valley Authority on Tuesday.  “We look forward to continuing our discussions with the DOE on this important project for our country and our state,” said Warner Baxter, president and CEO of Ameren Missouri. “In particular, we look forward to further demonstrating how the unprecedented alliance of key stakeholders throughout the state of Missouri, who have expressed strong support for this program, will help the Ameren Missouri-Westinghouse team deliver on the DOE’s objectives for this project.” Ameren Missouri and Westinghouse extensively pursued the $435 million DOE award by working with numerous stakeholders, including: Gov. Jay Nixon, Missouri Senators Claire McCaskill and Roy Blunt, Congressional and state legislative leaders, and

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Ameren & Westinghouse Host Small Modular Nuclear Reactor Supplier Forum

On Tuesday, October 30, AIM President Ray McCarty attended a forum hosted by Ameren and Westinghouse for potential suppliers to provide products and services in support of a new industry in Missouri: manufacture of components for small modular nuclear reactors (SMR’s). Ameren and Westinghouse have formed a team that has applied for a $452 million federal grant from the Department of Energy.  The grant funds will be used to research and develop small modular nuclear reactors in the U.S. Small modular nuclear reactors, or SMR’s, are not just scaled-down versions of large nuclear reactors.  The technology is very different, but is not entirely new, as these reactors share many design and production characteristics with those found on nuclear submarines. Interest in developing the technology has been growing in recent years.  Small modular nuclear reactors are attractive because they require smaller capital investment and are able to be placed in service much sooner than large nuclear reactors.  An SMR typically takes only 18-24

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