AFS opposes proposed hike in costs to finance equipment and machinery
The American Foundry Society (AFS) opposes a Treasury Department proposal that would make it more expensive for manufacturers, including metalcasters, to finance the purchase of depreciable equipment by limiting interest deductions four years earlier than Congress intended.
Speaking up for the industry, AFS signed a coalition letter, organized by the National Association of Manufacturers (NAM), urging Treasury officials to reverse the proposed rule.