NAM: THE ‘BIG SIX’ TAX FRAMEWORK IS THE BOLD ACTION AMERICA NEEDS

Washington, D.C., September 27, 2017 – National Association of Manufacturers (NAM) President and CEO Jay Timmons released the following statement on the “Big Six” tax reform framework announced today:

“Today is a great day for those who believe America’s best days are still ahead. This tax reform framework is the type of bold action manufacturers have been calling for because it will spur economic growth for all Americans. The United States needs to continue to be the most attractive place to invest and start a business, and this initial proposal is a positive step in that direction. The final product, if properly designed, will strengthen manufacturing in the United States and make our economy more competitive,” said NAM President and CEO Jay Timmons.

“Manufacturers have championed a 15 percent corporate tax rate and will work with tax writers to ensure the final package has this goal in mind. A lower rate for pass-through entities is essential to ensuring small businesses are not left behind, as is ending the double taxation on overseas earnings and prioritizing research and development and investments in facilities and equipment.

“We’re in a crisis right now involving economic growth. If we don’t act now—if we don’t seize this opportunity to modernize the tax code—we will not live up to our full potential as a country. This package embraces our people and our values that have always made America the best place in the world to do business. For the sake of American workers, it’s time to act.”

-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..

Related Tags: