NAM's Timmons: Another Step Closer to Historic Tax Reform

We Have an Opportunity of a Lifetime to Boost Manufacturing

Washington, D.C. – National Association of Manufacturers (NAM) President and CEO Jay Timmons released the following statement on the introduction of tax reform legislation in the U.S. Senate:

“Momentum is building for historic tax reform, and the Senate’s bold vision takes us one step closer to victory—to a plan that lifts everyone up and leaves no one behind. While we hope the final package includes robust rate cuts for small businesses, the Senate’s bill certainly signals that lawmakers are serious about delivering a surge of manufacturing jobs and manufacturing investment for the American people.

“We look forward to working with leaders in both chambers as they work toward final drafts and fine-tune the details. Right now, we have an opportunity of a lifetime to overhaul our outdated, uncompetitive tax code, and we’ll make sure the voices of our members and the interests of manufacturing workers are heard across Capitol Hill as this critical process moves forward.

“There is no excuse for delay. Lawmakers should focus on the big picture: getting a bold tax reform bill to President Donald Trump’s desk so that we can make manufacturers in America more competitive, while creating more opportunity for more Americans.”

Yesterday, David Farr, chairman and CEO of Emerson and chair of the board of the NAM, delivered a speech at the Michigan CEO Summit laying out the stakes of passing tax reform, calling on the business community to unify behind the overhaul and stressing the positive impact it will have on manufacturers as well as highlighting how opponents would harm workers and our economy.

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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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