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 Our nation’s tax system, with extremely high rates, a host of temporary provisions and out-of-date international rules, has created an uncertain environment that undermines manufacturers’ ability to compete and succeed in the global marketplace.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

Dorothy Coleman, Vice President of Tax and Domestic Economic Policy, and Carolyn Lee, Senior Director of Tax Policy, discuss the implications of Section 385.

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.