Republicans promote One Big Beautiful Bill Act's benefits in Luzerne County plant visit
A top U.S. House Republican visiting Luzerne County on Wednesday criticized Democrats for voting against tax cuts in President Trump’s One Big Beautiful Bill Act.
At i2M in Wright Twp., Rep. Lisa McClain, of Michigan, the fourth highest-ranked House Republican, highlighted the bill’s elimination of the federal income tax on the first $12,500 of overtime pay.
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McClain was joined by U.S. Rob Bresnahan, a Luzerne County Republican who faces a tough re-election fight next year. No Democrats voted for the bill when it passed the House on May 22 by a single vote. That means Bresnahan and every other House Republican ensured its passage.
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With i2M CEO Chris Hackett standing nearby, Bresnahan said the bill will benefit like companies like i2M in another way. It allows companies to immediately deduct research and development costs rather than spreading the deduction over multiple years.
“It provided him a goalpost so he (Hackett) can make the R&D investments into the next generation of innovation that he's doing right behind us,” Bresnahan said.
The bill also allows students who want post-high school training other than college to use money from untaxed education savings accounts to pay for it.
“We are always going to need electricians. We are always going to need carpenters. We are always going to need HVAC technicians,” Bresnahan said. “This is a wonderful opportunity.”
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Hackett, who ran unsuccessfully for Congress in 2008, praised Bresnahan and the bill, which he said is “extraordinarily important to small- and medium-sized businesses like i2M.”
The bill also allows a 100% tax write-off of qualified investments in a business to continue.
“That will allow our businesses to continue to grow (and) is critical to long-term success of manufacturing in this region,” Hackett said.
Hackett led McClain, Bresnahan and others on a tour of his plant before the news conference. Other attendees included David Taylor, president of the Pennsylvania Manufacturers' Association, and Erin Streeter, executive vice president of the National Association of Manufacturers.