ABMA Signs On to Rail Labor Coalition Letter

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ABMA signed on to a letter urging the Administration to continue to engage to avoid a rail strike. “It is paramount that these contracts now be ratified, as a rail shutdown would have a significant impact on the U.S. economy and lead to further inflationary pressure.” Read more.

How to Combat Inflation as a Small Business Owner

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Understanding how to deal with the impact of inflation as a result of the pandemic and other global factors, and knowing where to look for and navigate available resources to tackle it can sometimes be daunting. Today at 2:00 pm EST, join Small Business Majority and the U.S. Small Business Administration (SBA) for a free […]

Raimondo Statement on Signing of Inflation Reduction Act

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U.S. Secretary of Commerce Gina M. Raimondo released the following statement following President Biden signing the Inflation Reduction Act into law: “President Biden is securing historic victories for American families, American workers and our economy. The Inflation Reduction Act will lower cost for families, including health care and prescription drug costs, reduce the deficit, combat the climate crisis, and so much more…”

What the Inflation Reduction Act Means for LBM

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On Sunday evening, the U.S. Senate passed the Inflation Reduction Act (H.R. 5376) on a 51-50 vote with all Democrats voting in favor and all Republicans voting against. Vice President Harris broke the tie with her aye vote and the measure was sent to the House, which is expected to approve the bill on Friday, again along party lines.

ABMA Signs-On to Letter Opposing Inflation Reduction Act

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RENSSELAER, N.Y. – Today, the ABMA signed-on to a Main Street letter opposing the Inflation Reduction Act (IRA). While its name implies otherwise, this bill would not reduce inflation and includes multiple tax increases on small businesses.

Help ABMA Stop the Inflation Reduction Act!

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The Inflation Reduction Act, which passed the Senate and will be voted on by the House before or on Friday, will not help stop inflation. As our Lobbyist Pat Rita discussed last week, there are many aspects of the bill that will impact our members and their clients.

Why the Global Inflation Problem Is Bigger Than US Politics

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“Inflation may be the focus of a midterm cycle political blame game, but economists caution the problem — and the most effective solutions — are global. Rising prices were a focus of this week’s meeting of the Group of Seven (G-7) major economies.”