This strategy is a blueprint for competitiveness that will unleash the economy and manufacturing’s outsized multiplier effect. Importantly, manufacturers’ aspirations—the four goals laid out in the pages that follow—are ones that all Americans who want to maintain our country’s economic advantage can rally around.
Economic Growth Depends on Comprehensive Tax Reform
Manufacturers Call Release of Comprehensive Package a Major Step Toward Enacting Reform
Washington, D.C., 02/26/14 - National Association of Manufacturers (NAM) Vice President of Tax and Domestic Economic Policy Dorothy Coleman issued this statement in response to House Ways and Means Committee Chairman Dave Camp’s (R-MI) release today of a discussion draft on comprehensive tax reform:
“Today’s release by Chairman Camp is a major step toward enacting comprehensive tax reform, and manufacturers look forward to working with the committee to ensure the best outcome. Comprehensive reform carries with it serious effects on our economy, along with the potential to unleash significant growth if done well. Federal tax revenues account for nearly one-fifth of GDP, and any change needs to be looked at very carefully. The NAM will be examining the draft closely, working with our members to ensure that comprehensive tax reform will result in placing manufacturers and the entire U.S. economy on a path to growth, job creation and competitiveness.”