NAM Calls Tax Principles a Real Path Forward

Washington, D.C., July 27, 2017 – 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: 

“Today, America's leaders came together for America's manufacturing workers. Their unified statement is the most promising sign yet that tax reform will happen this year—and that Americans can trust that their jobs and their paychecks are the top priority. 

“Finally, we have a real path to more take home pay for millions of Americans, more money for savings and our children’s future. We have a real chance to build a solid economic foundation in the United States that will generate more jobs, more investment and more growth—and greater wealth that can be shared by all.

“Our current tax system is pummeling manufacturers in America, putting us at a serious disadvantage compared to the rest of the world. For our jobs and our future, we need a competitive tax code that allows us to win for America. President Donald Trump’s tax reform principles, outlined in April, should be the basis for discussions moving forward to accomplish this goal. It's pass or fail time for our leaders in Washington. Manufacturers will fight—with everything we have—to help the President and Congress make the grade.”

-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 $2.17 trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for more than three-quarters 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..

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