Hillary Clinton slams big business in DNC speech

Hillary Clinton formally gave her acceptance speech last night at the Democratic National Convention in Philadelphia, Pennsylvania. The core takeaway was a phrase she repeated several times, that she will make the economy one that “works for everyone.” Clinton’s speech suggests heavier tax burdens and regulations on corporations, as she boldly announces her plan to raise minimum wage and her belief that companies should not “take tax breaks with one hand and give out pink slips with another.” Her argument is that companies should share their profits, “not pad executive bonuses.” Slamming large business was a bulky part of the speech, even when Clinton ironically claims she doesn’t resent success. She addresses that she will take money from companies that have “gotten” (rather than “earned”) wealth in the U.S. so she can use it to support democratic governmental initiatives. After sharing a policy-making laundry-list for subjects like equivalent pay, ‘women’s health’ issues, social security expansion and free tuition, Clinton says “we’re

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Ray McCarty to speak at RubinBrown’s tax seminar in Kansas City

On August 2, RubinBrown will host a Missouri Tax Legislation and Business Development Update to discuss ever-changing local and state tax policy and how business is effected. The event is free, and will feature special guest speakers including Associated Industry of Missouri’s President/CEO, Ray McCarty. The seminar will focus on: General overview of the legislative season Tax legislation Economic Development Employment legislation Review of recent court rulings and their potential impact The event will begin at 7:30 a.m with registration, networking, and breakfast. The seminar will take place from 8 a.m. until 10 a.m. It is located at Hallbrook Country Club, 11200 Overboork Road Leawood, KS 66211. Seats are still available. To register, please click here.    

New pork processing plant will create 160 new jobs in Pleasant Hope

The Missouri Department of Economic Development (DED) announced today that Moon Ridge Foods unveiled its new pork processing plant in Pleasant Hope, MO – one that will create 160 jobs in the surrounding area. Moon Ridge Foods used almost all local labor for the construction of the facility, and they will offer wages and benefits for the new positions that are much higher than the region’s average. “I am pleased to welcome Moon Ridge Foods to Pleasant Hope, where its investment and new jobs will make a huge impact in this community and the surrounding rural area, and further advance economic development in this key industry,” said Mike Downing, Director of DED. The management is an experienced team with backgrounds at companies such as Tyson, Swift, Kraft Foods, Sara Lee, Excel, Columbus Foods, Seaboard Foods and Nestle. Click here read the full news release.

NAM’s President and CEO Jay Timmons highlights manufacturing priorities for candidates on CNN

Associated Industries of Missouri is the sole official designated partner of the National Association of Manufacturers in Missouri. From NAM: NAM President and CEO Jay Timmons joined CNN Newsroom’s Carol Costello for a live interview on the policies priorities manufacturers need to see from the presidential candidates before making a decision in November. Timmons shared the NAM’s Competing to Win platform document on-air as manufacturers’ core agenda for voters and pro-manufacturing candidates.   Click here to view the clip.

Unemployment compensation bill voided by the Missouri Supreme Court

House Bill 150, a bill supported by Associated Industries of Missouri (AIM) that would lower the number of weeks of unemployment compensation during periods of low unemployment rates, was voided by the Missouri Supreme Court this week on a 4-3 vote. The bill was passed in 2015, vetoed by Governor Jay Nixon, and both the House and Senate voted to override Nixon’s veto. Appellants Timothy S. Peska and Rudy M. Chavez argued that the bill violated Article III, Section 32 of the Missouri Constitution because of the timing of a vote overriding Governor Jay Nixon’s veto of the bill. Article III, Section 32, of the Missouri Constitution states: “if the governor returns any bill with his objections on or after the fifth day before the last day upon which a session of the general assembly may consider bills, the general assembly shall automatically reconvene [in September] . . . for the sole purpose of considering bills returned by the governor.”

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Donald Trump says his presidency would be good for business

Donald Trump formally gave his acceptance speech last night at the Republican National Convention in Cleveland, Ohio. The 75-minute speech overtly emphasized that as our leader, regardless of issue, he will put America first. He listed citizens’ safety and job-creation as top priorities. Trump expressed his disapproval of current trade agreements, promising to improve them in a way that benefits American business and not at the expense of losing our freedom to foreign governments. He declared that the Trans-Pacific Partnership will destroy manufacturing in the U.S. and that he will instead make individual deals with individual countries, noting his successful background as a businessman. Trump reiterated that his new trade negotiations would create jobs rather than overlooking value of the American worker. “America has lost nearly one-third of its manufacturing jobs since 1997 following the enactment of disastrous trade deals supported by Bill and Hillary Clinton,” said Trump. He also referred to American manufacturers as “the forgotten men and women of our country.”

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Federal government adjusts civil penalties

News from Dr. Kimberly Bauman of Mississippi Lime Company, Chairwoman of AIM’s Environmental Committee: On November 2, 2015, the President signed into law the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (the 2015 Act) (Sec. 701 of Public Law 114-74), which further amended the Federal Civil Penalties Inflation Adjustment Act of 1990 (the Inflation Adjustment Act) (Public Law 101-410), to improve the effectiveness of civil monetary penalties and to maintain their deterrent effect. The 2015 Act requires agencies to: (1) adjust the level of civil monetary penalties with an initial “catch-up” adjustment through an interim final rulemaking (IFR); and (2) make subsequent annual adjustments for inflation [beginning in 2017].  Additionally, agencies are required to publish interim final rules with the initial penalty adjustment amounts by July 1, 2016, and the new penalty levels must take effect no later than August 1, 2016. Citation: Memorandum for the Heads of Executive Departments and Agencies, Shaun Donovan, Executive Office of

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Walsworth Senior Tax and Regulatory Accountant position available

  Senior Tax and Regulatory Accountant: This is a fantastic opportunity for an experienced CPA to join the professional accounting team of a dynamic and successful family-owned business. The position is located in Marceline, Missouri, with professional requirements that include a CPA license to practice in the State of Missouri and a minimum of 5-10 years of practical and relevant experience. Send resume and salary requirements to:  careers@walsworth.com For more information visit:   http://www.walsworth.com/walsworth-careers

NAM’s Chief Economist, Dr. Chad Moutray, shares economic analysis and predictions for manufacturers

Associated Industries of Missouri is the sole official designated partner of the National Association of Manufacturers in Missouri. NAM’s Chief Economist Dr. Chad Moutray ‘s summary of the economic webinar hosted July 21: There are signs that manufacturing sentiment has begun to shift in the right direction of late, with the Institute for Supply Management’s data showing an expansion for four straight months on stronger demand and output. This followed contractions in the prior five months. Manufacturing production also rebounded in June, but the bottom line is that output in the sector has only grown by 0.4 percent over the past 12 months. That sluggish pace of expansion speaks to ongoing challenges for manufacturers from the strong U.S. dollar, weaknesses abroad and still-low commodity prices. Regarding currencies, the U.S. dollar has appreciated 20 percent over the past two years, and as such, it should not be surprising that U.S.-manufactured goods exports have continued their downward trend. In general, manufacturers remain quite cautious about

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Enterprise Holdings recognized as 15th largest private company in the nation

Enterprise Holdings, St. Louis’ largest private company and a Chairman’s Council member of AIM, had annual revenue of $19.4 billion in 2015, pushing it up to number 15 on the Forbes list of largest private companies in America. Enterprise is the only St. Louis company in the list’s top 20 spots. According to the St.Louis Business Journal, Enterprise Holdings’ brands make up almost 36 percent of U.S. airport market share. Some of these brands include Enterprise Rent-A-Car, Alamo Rent A Car and National Car rental. All companies on the list earned over $2 billion in revenue. St. Louis’ second-largest company, World Wide Technology, took No.45 on the list.