Keep U.S. Marine Manufacturing Competitive
Tell Congress to pass a pro-growth tax bill

The U.S. leads the global recreational boating market, with 95% of boats sold in America made in America. However, maintaining industry competitiveness and continuing to support more than 800,000 jobs requires a stable business environment. A pro-growth tax code that keeps marine manufacturing globally competitive, encourages innovation, and protects small businesses is critical in ensuring the U.S. remains the largest recreational boating market in world. In particular, the Tax Cuts and Jobs Act of 2017 (TCJA) created an environment that supported increased investments in facilities, equipment, people, and opportunities.

To support marine manufacturing’s ongoing success as a uniquely American enterprise, it is vital for Congress to reauthorize the TCJA while maintaining or lowering the corporate rate. Lawmakers must also preserve tax provisions that help small business manufacturers remain strong and healthy, including the 20% deduction pass-through for a level playing field; allowing manufacturers to fully deduct R&D costs in the year incurred; and ensuring full expensing of the cost of capital investments (including equipment and machinery purchases) so that marine manufacturers can introduce new processes, efficiency, and innovation.

Write your member of Congress and urge them to pass a pro-growth tax bill.