AEM: Equipment Manufacturers' Top Policy Priority -- Fix the Nation's Debt

  AEM: Equipment Manufacturers' Top Policy Priority -- Fix the Nation's Debt

PR Newswire

WASHINGTON, Nov. 16, 2012

Board Affirms Balanced Approach of Spending and Revenue is Only Feasible

WASHINGTON, Nov. 16, 2012 /PRNewswire-USNewswire/ -- Meeting last week at the
Association of Equipment Manufacturers (AEM) 2012 Annual Conference in Rancho
Palos Verdes, California, the AEM Board of Directors established federal
deficit reduction as its top policy priority headed into the new year. The
Board joined the chorus of national business leaders calling for immediate
bipartisan action to comprehensively solve our nation's debt crisis by
adopting a balanced approach that addresses entitlement and discretionary
spending, as well as revenue while making wise investments in infrastructure
and education.

Upon adopting this position, Caterpillar Group President and AEM Chair Stu
Levenick said: "America's equipment manufacturers have a diverse and
substantive policy agenda aimed at driving economic growth – including
transportation and energy infrastructure investment, progressive export
policies and pro-growth tax reform. But we know that our hopes for real
economic growth and progress as a nation could be derailed if we are not able
to come together to solve the looming fiscal crisis.So AEM's Board of
Directors unequivocally endorsed making fixing the debt our industry's top
policy priority, and we are calling on lawmakers to take immediate and
aggressive bipartisan action to adopt a balanced and comprehensive solution
that addresses both the spending and revenue sides of the budget.

"The indiscriminate spending cuts and tax increases facing us now are not the
way to deal with our nation's debt. Rather, thoughtful consideration needs to
be given to investment priorities such as education and infrastructure as well
as revenue measures that will provide for long-term economic growth and job
creation. Together we have an opportunity to get our economy back on track and
create a better environment for equipment manufacturers and businesses of
every kind to grow and create jobs. All Americans need to come together and
support a bold and balanced approach that will ensure a better future for
today's generations and many to come."

Stu Levenick, group president of Caterpillar Inc., Peoria, Illinois, was
elected 2013 AEM Chair at the Annual Conference on November 9. Levenick will
lead the AEM Board of Directors to achieve AEM's 2013 goals, priorities and
strategic direction. He served as Vice Chair in 2012.

About the Association of Equipment Manufacturers (AEM) -
AEM is the North American-based international trade group providing innovative
business development resources to advance the off-road equipment manufacturing
industry in the global marketplace. AEM membership comprises more than 850
companies and more than 200 product lines in the agriculture, construction,
forestry, mining and utility sectors worldwide. AEM is headquartered in
Milwaukee, Wisconsin, with offices in the world capitals of Washington, D.C.:
Ottawa, Canada; and Beijing, China.

Sara Sendek, AEM

SOURCE Association of Equipment Manufacturers (AEM)

Press spacebar to pause and continue. Press esc to stop.