ICYMI: NAM, Tennessee Manufacturing Leaders Urge Senator Corker to Support Tax Reform

Washington, D.C. – Today, National Association of Manufacturers (NAM) President and CEO Jay Timmons held a media conference call with Tennessee manufacturing leaders to draw attention to the importance for Sen. Bob Corker to support the Senate’s tax reform legislation. Timmons was joined by Tennessee Chamber of Commerce & Industry President and CEO Bradley Jackson and Amy Davis, the general manager of Nashville-based Cummins Filtration. Below are excerpts from the call:

NAM’s Timmons on the Importance of Sen. Corker Voting for Tax Reform:

“Tax reform is the manufacturing issue of our generation, and so I want to be very direct. There really is no better, no bigger, no bolder way to support manufacturing and manufacturing workers in Tennessee and across America than for senators to cast a vote for this important bill. I have to say we’re really encouraged by Senator Corker’s pivotal vote yesterday for the bill in committee. That was really good news … We respect and appreciate all that he has done for our sector during his many, many years of public service, and we’re encouraging him to be there for us again.”

TN Chamber’s Jackson on the Importance of Sen. Corker Voting for Tax Reform:

“Tax reform is a significant issue for manufacturing workers in Tennessee. Manufacturing is Tennessee’s second-largest private employer, and it’s trending upward significantly, with over 350,000 employees in the state. These are jobs that have good benefits and provide tremendous assets to our local community. We encourage Senator Corker to continue to support tax reform. We know it’s the right thing to do here, and it’s crucially important to workers and manufacturers here in the Volunteer State.”

Cummins Filtration’s Davis on the Importance of Sen. Corker Voting for Tax Reform:

“Innovation-driven companies like Cummins who are based in the U.S. are at a severe disadvantage globally because of our antiquated tax code. We need comprehensive tax reform to allow business like Cummins [to] unleash our full potential when it comes to hiring and investment. For too long, an outdated tax code has hindered economic growth and higher wages for workers. A lower corporate tax rate will help us better compete globally. To be meaningful, we need to get the U.S. rate closer to the OECD average of 20 percent. Moving to a territorial tax regime will help my business unit, Cummins and all U.S. companies compete on a more level playing field.”

For the full audio from today’s press call, please click 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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