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 Our nation’s tax system, with extremely high rates, a host of temporary provisions and out-of-date international rules, has created an uncertain environment that undermines manufacturers’ ability to compete and succeed in the global marketplace.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


Tax Reform 101

 

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
  • Estate Tax
  • Tax Rates and Base Broadeners
  • Tax Reform 
 

NAM in the News

Press Releases

  • 07/07/2016
    ICYMI: Section 385 Regulations to Have Significant Negative Impact on Manufacturers
    NAM President and CEO Jay Timmons and U.S. Chamber of Commerce President and CEO Tom Donohue issued a joint statement calling on the Senate to act to restore a quorum to the Board of Directors of the U.S. Export-Import (Ex-Im) Bank.
  • 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.

  • 04/18/2017
    Shopfloor Podcast: Happy Tax Day
    Happy Tax Day! The National Association of Manufacturers’ (NAM) Tax Team launches a new Shopfloor Podcast in honor of the need for comprehensive tax reform. Manufacturers are saddled with high...
  • 03/27/2017
    A Path Forward on Tax Reform for All Manufacturers
    It’s no secret to Washington policymakers, our members, the media and, indeed, the general public that the National Association of Manufacturers (NAM) has been leading the charge for pro-growth, pro-competitiveness...
  • 02/02/2017
    More in Congress Call for Urgent Repeal of the Medical Device Tax
    Co-authored by Christine Scullion, NAM Director of Human Resources Policy For years, the National Association of Manufacturers (NAM) has been urging Congress to do away with the 2.3 percent excise...
  • 01/31/2017
    NAM Supports House Action to Rescind Burdensome SEC Rule
    The National Association of Manufacturers (NAM) is pleased that the House will soon be voting on H.J. Res. 41, a resolution providing for congressional disapproval under the Congressional Review Act...
  • 01/13/2017
    House Passes Bill to Prevent Overly Costly SEC Regulations
    Manufacturers continue to face regulatory requirements that are costly and burdensome. Securities and Exchange Commission (SEC) rulemaking stemming from the Dodd-Frank Act is a prime example. The pay ratio and conflict minerals...