NAM: Senate Budget Vote a Win for Manufacturing Workers

NAM Board Chair Farr: Congress Should Waste No Time Moving Forward on Bold Tax Reform

Washington, D.C., October 19, 2017 – Emerson Chairman and CEO and National Association of Manufacturers (NAM) Board Chair David Farr issued the below statement following the passage of the Senate Budget Resolution. As reported by Politico, Farr met with key senators on Wednesday ahead of the vote to push for passage of this critical tax reform provision. Given that importance, the NAM notified U.S. senators Thursday morning it would key vote the measure. 

“For the first time in 30 years, Congress is taking a big step forward for manufacturers and manufacturing workers across America. With this budget vote, we are one step closer to bold tax reform. If we have a better, more modern tax code, companies like mine can expand, hire more workers and help Americans get ahead.

“Small and medium-sized manufacturers are the backbone of our economy. Reforming the tax code will be a giant step in the right direction for them and the workers they employ.

“My message to lawmakers today is this: if you are defending the current tax code, then you have to defend an American manufacturing worker losing his or her job to a worker overseas. It is costing us jobs; it is giving other countries a leg up on American manufacturers; and it is self-defeating. We need reform now, and Congress should waste no time in moving this process forward.”

View the full key vote letter sent to senators here.

-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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