The 12 labor unions of the AFL-CIO Industrial Union Council, with over 4 million members, wrote an urgent letter today urging members of the U.S. House of Representatives to pass the Inflation Reduction Act without delay.
International Association of Machinists and Aerospace Workers (IAM) International President Robert Martinez Jr., chair of the AFL-CIO Industrial Union Council, led the letter along with Vice-Chair and President of the United Automobile, Aerospace and Agricultural Implement Workers of America (UAW) Ray Curry.
“Taken together, the provisions of the Inflation Reduction Act are unquestionably the most important policy measures to support domestic manufacturing in our nation’s history,” reads the letter from the 12 unions of the AFL-CIO Industrial Union Council. “The tax incentives, grants, and domestic content provisions will not only spur job-creating investment in the manufacturing sector, they will also move the sector towards the investment needed to reduce emissions while positioning the United States to be competitive in a wide range of clean energy goods.
“We do not expect the Alternative Minimum Tax (AMT) provisions to have a measurable impact on the manufacturing sector. We reject the idea that asking the largest, most profitable corporations to pay a minimum level of taxes is an economic impediment for the United States – history is replete with examples of just the opposite.”
The AFL-CIO Industrial Union Council endorses the Inflation Reduction Act as a huge step toward revitalizing domestic manufacturing and job creation in this vital sector.