Deficit Pushed as Priority at AEM
- Written by Mark Kuhar
November 16, 2012 – It's "damn the deficit, full speed ahead." At the Association of Equipment Manufacturers (AEM) 2012 Annual Conference in Rancho Palos Verdes, Calif., 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."