Extension of Tax Provisions Critical for Economy

Now Manufacturers Need Certainty of Comprehensive Reform

Washington, D.C., December 16, 2014 – Following House and Senate passage of the Tax Increase Prevention Act (H.R. 5771), National Association of Manufacturers (NAM) Vice President of Tax and Domestic Economic Policy Dorothy Coleman issued this statement:

“The R&D credit, investment incentives for manufacturers of all sizes and provisions that affect U.S. global companies are all key to helping manufacturers innovate, compete in a global marketplace and contribute to U.S. economic growth and job creation. Renewing these expired tax provisions prevents a tax increase on thousands of manufacturers that benefit from these temporary measures. Tax extenders provide an important bridge of predictability for manufacturers until Congress can act on comprehensive tax reform. The NAM looks forward to working with the 114th Congress on a tax code that provides certainty, allowing manufacturers to grow, create jobs and enhance their global competitiveness.

-NAM-  

  The National Association of Manufacturers (NAM) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs more than 12 million men and women, contributes $2.08 trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for two-thirds of private-sector research and development. The NAM is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit www.nam.org.