WASHINGTON, DC – Last week, the House Committee on Ways & Means passed the Tax Relief for American Families and Workers Act of 2024.
The Railway Supply Institute (RSI) released the following statement on the proposed bill.
“RSI strongly supports the recently introduced bill which restores tax policies critical to our members’ operations,” said RSI President Patty Long. “We appreciate the committee’s longstanding support of U.S. manufacturing jobs and look forward to swift passage of the bill in Congress.”
The domestic railway supply industry has been a dynamic and vital part of the U.S. economy for more than 200 years, encompassing more than 682,400 direct, indirect, and induced jobs across all 50 states. RSI members provide all types of goods and services to freight and passenger railroads, rail shippers, and freight car manufacturers and lessors.
“We are the only trade association representing the entire rail supply industry—manufacturers, distributors, and service providers to the freight car, locomotive, maintenance-of-way, communications, signaling, leasing, and passenger rail industries,” added Long.
“These pro-growth policies will enable our members to continue innovating, expanding operations, and adding more jobs for American workers. Not only will this further the U.S. economy, but it will also enable our members to maintain and expand their U.S. and nearshore presence.”
RSI President Patty Long sent a letter to House and Senate leadership outlining the RSI’s support for swift passage of the legislation.
About the Railway Supply Institute (RSI)
The Railway Supply Institute (RSI) is dedicated to advancing safety, innovation, technology, and sustainability within the freight and passenger railway supplier industry, both in North America and global markets. As the voice of the industry, RSI strategically engages in critical and urgent industry matters by leveraging the technical expertise of our members to advocate in the legislative and regulatory arenas, foster education, host impactful events, and facilitate networking opportunities. For more information visit www.rsiweb.org, follow RSI on Twitter and LinkedIn