Tax & Budget

Tax and Budget Header

Manufacturers believe comprehensive tax reform is essential to unleashing the economic power of manufacturing, and making the United States the best place in the world to manufacture and attract foreign direct investment. Our nation’s tax system, with extremely high rates for both corporate and pass-through businesses, an out-of-date anti-competitive system for taxing international income and a significant compliance burden has created an uncertain environment that undermines manufacturers’ ability to compete and succeed in the global marketplace. In contrast, a 21st century tax code that lowers tax rates for all businesses, provides a strong, permanent R&D incentive and robust capital cost recovery rules and moves towards a modern, territorial international tax system will promote U.S. economic growth and job creation. Manufacturers have been leading the charge for pro-growth, pro-competitiveness tax reform for the better part of a decade, a goal that is more important now than ever before.

Tax Reform 101


NAM chair calls for fiercely competitive tax code. Read the full testimony here.


The NAM is leading the charge for substantive, thoughtful reforms that will lift manufacturers in the United States and our overall economy to greater heights.

Issues that the NAM's Tax and Budget Committee work on include:

  • Comprehensive Tax Reform
  • Capital Cost Recovery
  • Corporate Tax Rates
  • Research and Development Incentives
  • International Tax
  • Small Business Tax Issues
  • Employee Benefits, Pensions, and Retirement Security
  • Health Care Taxes
  • Federal Spending (Including: Defense Manufacturing, Debt Ceiling, Deficit Reduction, Entitlement Reform)

Press Releases

  • 07/27/2017
    NAM Calls Tax Principles a Real Path Forward
    National Association of Manufacturers (NAM) President and CEO Jay Timmons issued the following statement on the joint principles for tax reform issued by the White House and leaders in the Senate and House of Representatives.
  • 06/20/2017
    Manufacturers Respond to Speaker Ryan’s Tax Pitch

    The National Association of Manufacturers hosted House Speaker Paul Ryan at the 2017 Manufacturing Summit today, where he delivered a major address on tax reform, a top priority for manufacturers

  • 04/27/2017
    Manufacturers to President Trump: Thank You for Tackling Job-Crushing Regs!

    The National Association of Manufacturers (NAM), the nation’s largest manufacturing trade association and the unified voice of manufacturers in America, unveiled a digital and print ad campaign thanking President Donald Trump for his commitment to manufacturers by addressing our nation’s regulatory burden head-on during his first 100 days in office.