NAM Statement on House Passage of Historic Tax Reform Bill

Timmons: This Is “the Biggest, Boldest Tax Reform in More Than 30 Years.”

Washington, D.C. – National Association of Manufacturers (NAM) President and CEO Jay Timmons released the following statement on the passage of H.R. 1, the Tax Cuts and Jobs Act, by the U.S. House of Representatives:

“America witnessed history today as the House of Representatives passed the biggest, boldest tax reform in more than 30 years, and every member of Congress who voted for reform showed their constituents they are unequivocally standing up for American manufacturing workers. This bill moves us closer to achieving the goals manufacturers have sought for decades, and for manufacturers across this country, there is no question that when tax reform becomes law, we’ll be empowered to create more jobs, invest more in America and help lift up working families and improve their lives.

“Manufacturers know the work doesn’t end today. Now, we’ll be urging senators to stand with manufacturers, so we can get a strong, bold bill to President Trump’s desk.

“We are on the verge of supercharging the manufacturing economy in the United States, and it is America’s working families that will reap the rewards. Our leaders have an obligation to get this done. We are counting on them to lift up hardworking men and women and not let them down—because historic tax reform will lead to new opportunities for more people to achieve the American Dream.”

Passage of H.R. 1 follows months of engagement by the NAM with Congress and the White House on tax reform. Most recently, Emerson Chairman and CEO David Farr, who chairs the NAM Board of Directors, rallied business leaders behind tax reform in a speech at the Michigan CEO Summit last week.

The NAM’s most recent quarterly survey found that if comprehensive tax reform was enacted, two-thirds of manufacturers would increase capital spending and grow their businesses while more than half would hire more workers and increase employee wages and benefits. 



Because of the importance of this legislation to manufacturers and their workers, the NAM announced yesterday that it would key-vote passage of H.R. 1. The NAM’s key-vote letter can be found 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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