Michael Goldstein, Publisher & Editor-in-Chief of Gear Technology, began his career in the gear industry in 1964, when he joined his father at Cadillac Machinery Co., Inc. As a machine tool dealer specializing in Gleason bevel gear machines, Michael rose to prominence in the industry, with leadership roles in the Machinery Dealers National Association (MDNA), as well as the European Association of Machine Tool Merchants (EAMTM). He founded Gear Technology in 1984, and has been involved with the American Gear Manufacturers Association (AGMA) throughout his career (50 years in the gear industry).
Sitting down to write my comments for this issue, one event filled my thoughts-the transformation and uninhibited euphoria that overcame Chicago, and the whole Midwest, by the Bears reaching and winning the Superbowl.
As I thought about what we might expect for 1986, the most important news affecting our industry is the tax revision bill just finished by the House Ways and Means Committee.
Three things have happened in
the last few weeks, that lead me to
believe the worst is over - not
that great times are ahead, but that
things will get better.
While on holiday in England during July, my thoughts for this page were on the proposed changes to our tax law, and how they would adversely affect America's industry. But with the President undergoing cancer surgery, Congress deadlocked on deficit reduction and the budget on the back burner, nothing new was being said or done regarding a new tax law
I recently attended a briefing, arranged by the White House, regarding the Treasury's tax simplification plan. A
Treasury Undersecretary explained that their goal was to come up with a tax code that was "fair" to everyone.
History comes around full circle. It is interesting to talk to gear manufacturers who service the defense, aerospace, automotive and computer industries and find that their sales, production and backlogs reflect excellent and, in some cases, record breaking business.
THANK YOU! The response to our first issue
has been extremely exciting for us. Our advertisers have told us GEAR TECHNOLOGY is being talked about wherever they go. Thank you for the wonderful and enthusiastic reception.