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 Our nation’s tax system, with extremely high rates, a host of temporary provisions and out-of-date international rules, has created an uncertain environment that undermines manufacturers’ ability to compete and succeed in the global marketplace.

While the NAM is a strong advocate for comprehensive reform of our current tax code, our current system must remain in place until policymakers can agree on a viable reform plan. Policymakers must focus on reforming entitlement spending, which includes Social Security and Medicare, while also considering cuts to discretionary spending. At the same time, NAM recognizes that some federal spending is necessary and critical to our nation’s economic and national security.


Manufacturing and Section 385 Debt/Equity Regulations

 

Tax Extenders

Investment Week 2015

 

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.

  • Capital Cost Recovery
  • Employee Benefits and Retirement Security
  • International Tax
  • Federal Spending (Including: Defense Manufacturing, Debt Ceiling, Deficit Reduction, Entitlement Reform)
  • R&D
  • Small Business Tax
  • State Tax
  • Tax Rates and Base Broadeners
  • Tax Reform 
 

NAM in the News

Press Releases

  • 12/30/2015
    2015: A Year of Historic Victories for Manufacturers
    NAM President and CEO Jay Timmons issued a statement after a year of historic victories for America’s manufacturers and job creators.
  • 12/18/2015
    Timmons: This Is an Historic Victory for Our Country
    NAM President and CEO Jay Timmons issued a statement after Congress passed historic spending legislation with many key manufacturing priorities including significant business tax relief, an end to the ban on crude oil exports, a two-year delay of the Cadillac tax, a repeal of onerous Country-of-Origin labeling requirements and new rules to ease the public–private exchange of cybersecurity information.
  • 12/16/2015
    Manufacturers Applaud Historic Agreement on Tax Provisions
    The NAM welcomed a bipartisan agreement by Congress on a package of tax provisionscritical to manufacturing growth and competition.