Survey: Manufacturers Reject President’s Tax Plan

Other Headwinds to Manufacturing Growth Remain

Washington, D.C., March 9, 2015 – Manufacturers reject President Obama’s latest budget proposal that would increase estate taxes on small and medium-sized businesses, according to the latest National Association of Manufacturers (NAM)/IndustryWeek Survey of Manufacturers. When asked about the budget proposal, an overwhelming majority of respondents said a higher estate tax would negatively impact them, while almost half said the budget proposal would cause them to reduce investment in their business. In addition, the survey found that the West Coast ports slowdown and a strong U.S. dollar are also weighing heavily on the minds of manufacturers.

Key survey findings include the following: 

  • 68.3 percent of respondents said they are family-owned businesses that would be adversely affected by the President’s proposed changes to estate tax provisions.
  • 48.0 percent said the President’s budget proposal would cause them to reduce investment in their business. 
  • 36.3 percent identified a strong U.S. dollar as a challenge for their business.
  • Numerous respondents singled out the West Coast ports slowdown as significantly impacting their business, with one manufacturer noting, “The West Coast ports situation is choking demand and increasing material costs.”

“Manufacturing in the United States continues to be as robust and resilient as ever, but this survey shows significant challenges still remain,” said NAM Chief Economist Chad Moutray. “These headwinds further underscore the critical need for Washington to act on policies that will fuel manufacturing growth, not hold manufacturers back.”

The NAM/IndustryWeek Survey of Manufacturers was conducted among the NAM’s membership of small, medium and large manufacturers. Click here for the full survey results.


  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 $2.09 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