Policy and Legal

Press Releases

Manufacturers Support All Efforts to Get Americans Vaccinated

Timmons: “The lifesaving COVID-19 vaccines were made for us, by people like us—manufacturers in the United States.”

Washington, D.C. – Today, following President Joe Biden’s decision to require vaccinations of all federal employees, National Association of Manufacturers President and CEO Jay Timmons released the following statement:

“The lifesaving COVID-19 vaccines were made for us, by people like us—manufacturers in the United States. They are proven, safe and the only way we can save lives, end the pandemic and sustain our economic recovery. Since vaccines became available, manufacturers have been leading by example, helping their employees access vaccines and confidently get vaccinated, and we support all efforts to get more Americans vaccinated so we can beat back COVID-19 and the aggressive delta variant and save lives.

“Through our This Is Our Shot project, the NAM and The Manufacturing Institute have equipped manufacturers with resources to help their teams get vaccinated and protect their communities—ranging from videos, graphics and vaccine locators to FAQs and in-depth communications guides. On our own team, the NAM achieved a voluntary vaccination rate of 98%, and to ensure our staff and those with whom we interact are as safe as possible, we then made the decision to require vaccinations by mid-September.

“Manufacturers will continue to lead by example and work with the administration to promote vaccination and with our employees and communities to provide them the information they need. The recent surge in cases is a reminder that this pandemic is not over, but with these vaccines, it is within our power to dramatically change the trajectory of this virus.”

-NAM-

The National Association of Manufacturers 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 12.3 million men and women, contributes $2.35 trillion to the U.S. economy annually and has the largest economic multiplier of any major sector and accounts for 63% 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 NAM or to follow us on Twitter and Facebook, please visit www.nam.org 

Press Releases

Infrastructure Legislation is History in the Making

Washington, D.C. – Today, following the Senate’s vote to invoke cloture on the bipartisan infrastructure legislation, National Association of Manufacturers President and CEO Jay Timmons released the following statement:

“This is history in the making, and manufacturers celebrate the leadership of the bipartisan group of senators who, along with President Biden and his administration, got us to this moment. We will continue to work with leaders in both parties to get a final bill passed by Congress and on to President Biden’s desk.

“For many years and across multiple administrations and Congresses, the NAM has led the charge for bold, historic infrastructure investment. We’re not done yet, but we’re closer than ever. This bill will not just support our economic recovery; it will provide the foundation for decades of American economic leadership. It will save lives and improve the American quality of life. It will help manufacturers in America compete in the world and create jobs here at home. And it will do all that without rolling back all the tax reforms that have allowed manufacturers to hire more workers, raise wages and benefits and invest in our communities. This is truly how we build to win.

“Manufacturers of all sizes, across this entire country, now call on the Senate and then the House to swiftly pass the bipartisan infrastructure bill—to show the world we plan to lead in the 21st century and into the 22nd and to show the American people that our government can still do great things.”

-NAM-

The National Association of Manufacturers 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 12.3 million men and women, contributes $2.35 trillion to the U.S. economy annually and has the largest economic multiplier of any major sector and accounts for 63% 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 NAM or to follow us on Twitter and Facebook, please visit www.nam.org.

Policy and Legal

New Tax Bill Poses Threat to Manufacturers

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This week, the Senate’s top tax writer, Finance Committee Chairman Ron Wyden (D-OR), introduced the Small Business Tax Fairness Act, which would significantly limit the existing 20% deduction for manufacturers organized as “pass-through” entities.

The background: The 2017 tax reform law created a 20% deduction for business income earned through pass-through entities such as S-corporations or partnerships. The lower tax burden provides manufacturers with additional capital to hire workers, increase wages and expand operations.

  • The Small Business Tax Fairness Act, however, would essentially eliminate the pass-through deduction for all but the very smallest of companies by phasing out the deduction for taxpayers with income above $400,000 – completely eliminating it as income reaches $500,000.
  • Moreover, the bill would negatively impact family-owned businesses by denying the deduction for business held in trusts and estates.

The NAM’s view: As the vast majority of manufacturers are small and organized as pass-through entities, phasing out the deduction as proposed under the bill would ultimately hurt the men and women who make things in America.

  • The current-law provision links wages with the deduction: the more you pay your workers, the larger the benefit for the manufacturer. The proposal does away with this formula, which would break the important link between wages and the deduction.
  • Earlier this year, the NAM released a major tax study on the effects of proposed tax increases, including a repeal of the pass-through deduction. That study found that one million jobs would be lost in just the first two years if those increases were to be implemented.

The last word: “This pass-through deduction is a critical pro-growth tool enabling manufacturers to hire more workers and grow their operations,” said NAM’s Senior Director of Tax Policy David Eiselsberg. “Make no mistake, this legislation would amount to a major tax increase and effectively punish manufacturers that are doing the right thing by hiring workers and paying good wages with a higher tax bill.”

Press Releases

Manufacturers Encourage Congress to Find Pathway for Bipartisan Infrastructure Legislation

Timmons: Bold, historic infrastructure investment will improve all of our lives

Washington, D.C. – National Association of Manufacturers President and CEO Jay Timmons released the following statement on the failure of the cloture vote on the bipartisan Senate infrastructure legislation.

“Bold, historic infrastructure investment will improve all of our lives, but it is especially critical to the future of manufacturing in America and to the livelihoods of America’s manufacturing workers. Making these investments in a bipartisan way will also help restore faith in our institutions. Of course, such historic achievements are never easy, so lawmakers should keep talking and continue their work. The more than 12 million men and women of the manufacturing workforce have confidence that our elected officials can show Americans and the world that they can lead and that the United States is going to keep moving forward so we can build to win.”

-NAM-

The National Association of Manufacturers 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 12.3 million men and women, contributes $2.35 trillion to the U.S. economy annually and has the largest economic multiplier of any major sector and accounts for 63% 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 NAM or to follow us on Twitter and Facebook, please visit www.nam.org.

Policy and Legal

Charlotte Pipe and Foundry Keeps Promises to Employees

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Charlotte Pipe and Foundry Company is a 120-year-old, fifth-generation family-owned business—and it tries to treat its employees like family, too.

“We have a long tradition and history of taking care of our associates,” said Charlotte Pipe Vice President of Marketing Bradford Muller. “We haven’t had a layoff since the early 1980s. Even in the Great Recession, we kept people working as many hours as we could give them.”

When the 2017 tax reform law gave Charlotte Pipe more certainty, the company passed along the good fortune, supporting employees, adding new jobs and investing in the future of the business.

New bonuses: When the legislation passed, Charlotte Pipe gave every employee an additional bonus of $1,000. Over the past few years, it has continued to offer high wages and generous health benefits to its associates as well as contributing to the company’s 401(k) plan. Charlotte Pipe has also absorbed a large portion of the increases in the health care costs of its workers.

New jobs: Tax reform has also allowed Charlotte Pipe to bring on new workers. Since the law passed, the company has hired more than 200 associates as it increases production across the country.

New business: Charlotte Pipe is also investing in its future by building a new foundry, which will create new jobs in its surrounding community. In addition to making the company more efficient and effective, the new cutting-edge foundry will help it keep up with international competitors from places like China. Muller credits tax reform with making that investment possible.

  • “The certainty around tax reform and regulatory reform gave us the confidence to be able to proceed with this once-in-a-century, $350 million foundry,” said Muller. “It’s a huge financial commitment, and we needed policy certainty to be able to do that. That was one of the reasons we were able to launch that project.”

Ongoing investment: The foundry may be the biggest example of a capital investment, but it is by no means the only one. In fact, Charlotte Pipe reinvests most of its profits back into the business, allowing it to keep working, innovating and providing new jobs.

  • “We reinvest most of our profits into capital projects,” said Muller. “The more revenue we have, the more people we can hire, the more equipment we can buy and the more productive we can be.”

The last word: “When tax reform helps a business provide for its employees and create opportunity well into its second century, you know that reform is worth keeping,” said NAM President and CEO Jay Timmons. “Manufacturers like Charlotte Pipe are building on the foundation of tax reform, and their workers are prospering because of it. That’s why we need to protect against potentially harmful tax hikes.”

Policy and Legal

What’s in Biden’s Executive Order on Competition?

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The Biden administration released an executive order last week that is intended to enhance competition. While agencies will still have to draft regulations in response to the EO, this plan could have a big and potentially negative impact on manufacturers in several sectors. Here’s what manufacturers need to know, according to the NAM’s policy experts.

Antitrust provisions: The EO directs the Federal Trade Commission and Department of Justice to reexamine previously completed mergers and review the guidelines for both horizontal and vertical mergers.

  • Why it matters: Business combinations help manufacturers streamline operations and boost efficiency. This directive could hinder pro-competitive mergers and ultimately harm consumers, says NAM Vice President of Tax and Domestic Economic Policy Chris Netram. The NAM has previously weighed in with the FTC on its vertical merger guidelines and its premerger notification rules, highlighting the importance of predictability in the merger approval process.

Other key points of interest: the EO also tells the agencies to crack down on noncompete agreements that keep workers from changing jobs easily, as well as on employers’ collaborations to reduce wages and benefits.

“Right to repair”: Another key target of the EO was the so-called “right to repair”—the ability of third parties to repair sophisticated equipment, like tractors, without involving the manufacturer.

  • Why it matters: The NAM has long argued that such repairs pose a danger to consumers and expose companies’ intellectual property to theft by competitors, Netram points out.

Health Care: The EO also covers certain practices in the health care and pharmaceutical industries. Manufacturers should be aware of the following moves:

  • Within 45 days, the Department of Health and Human Services is instructed to come up with a plan to address high drug prices. HHS is also directed to work on the importation of drugs from Canada.
  • Meanwhile, the FTC is tasked with banning “pay for delay” agreements—when industry players agree to delay the market entry of generics or biosimilars.
  • Why it matters: These moves could endanger America’s global leadership in the development of lifesaving treatments, argues NAM Vice President of Infrastructure, Innovation and Human Resources Policy Robyn Boerstling, by reducing the returns on and protections for innovation. This could potentially lead to fewer treatments being developed overall.

Technology: The EO addresses technology policy in a number of ways, most prominently urging the reinstatement of “net neutrality” rules imposed by the Obama administration.

  • Why it matters: The NAM urged the repeal of those rules back in 2017. As Boerstling puts it, “net neutrality” treats the new and dynamic technology of broadband as if it were indistinguishable from the telephone, and treats competition in communications technology as if it hadn’t changed since the mid-20th century.

Other key points: The EO also instructs the Federal Communications Commission to hold spectrum auctions that disallow excessive concentration, and to create new reporting requirements for broadband providers’ prices and subscription rates.

Transportation: Lastly, the EO addresses certain practices by railroads, airlines and other sectors in transportation. For example:

  • It urges the Surface Transportation Board to require railroad track owners to let competitors and passenger trains have right of way.
  • It asks the Federal Maritime Commission to target certain shipping practices—mainly relating to fees charged while goods wait in containers to be unloaded, or while the company has yet to return an emptied container.

The NAM says: NAM President and CEO Jay Timmons released a statement last week, saying, “Our sector is strong and growing, and our people are benefiting. Unfortunately, there are those who want to erode our competitive advantage with archaic tax policies. And some of the actions announced today are solutions in search of a problem; they threaten to undo our progress by undermining free markets and are premised on the false notion that our workers are not positioned for success.”

Read the NAM policy team’s full overview of the EO here.

Press Releases

Manufacturers on Biden EO: Some Actions Are Solutions in Search of a Problem That Doesn’t Exist

Timmons: Manufacturers are keeping our promises to invest, hire and grow wages; Let’s not stall the progress

Washington, D.C. – National Association of Manufacturers President and CEO Jay Timmons released the following statement after President Joe Biden signed an executive order today on promoting competition in the American economy.

“Manufacturers are helping lead the recovery, building the next, post-pandemic world. And as the industry rebounds, manufacturing workers are seeing their lives improve. According to the Q2 Manufacturers’ Outlook Survey, manufacturers expect record levels of full-time employment growth. And following the enactment of tax reform, manufacturers kept their promises to raise wages and benefits: wages rose 3% in 2018, 2.8% in 2019 and 3% in 2020—the fastest rates of annual growth since 2003. What’s more, manufacturers have 814,000 jobs to fill right now—opportunities for more Americans to have well-paying, meaningful careers.

“Our sector is strong and growing, and our people are benefiting. Unfortunately, there are those who want to erode our competitive advantage with archaic tax policies. And some of the actions announced today are solutions in search of a problem; they threaten to undo our progress by undermining free markets and are premised on the false notion that our workers are not positioned for success. We have challenges, to be sure, which is why we are advocating infrastructure investment, competitive tax rates, immigration reform, ensuring availability of lifesaving cures, expanded export opportunities and more. And it’s why we launched our Creators Wanted campaign—to inspire more Americans to pursue modern manufacturing careers in the industry that literally builds our nation’s future.

“As always, manufacturers are focused on policies that genuinely uphold the values that make our country exceptional and our industry strong: free enterprise, competitiveness, individual liberty and equal opportunity.”

-NAM-

The National Association of Manufacturers 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 12.3 million men and women, contributes $2.35 trillion to the U.S. economy annually and has the largest economic multiplier of any major sector and accounts for 63% 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 NAM or to follow us on Twitter and Facebook, please visit www.nam.org

Press Releases

Leading Business and Labor Groups Launch Coalition Supporting Bipartisan Infrastructure Investment

Washington, D.C. – Today, the National Association of Manufacturers joins the U.S. Chamber of Commerce, Business Roundtable, AFL-CIO, the National Retail Federation, the Bipartisan Policy Center, North America’s Building Trades Unions, as well as over 20 leading business and labor organizations to launch the Coalition for Bipartisan Infrastructure Investment. The Coalition issued the following statement today commending the bipartisan group of 22 senators and the Biden administration on reaching agreement on a historic $1.2 trillion infrastructure framework and urges Congress to turn the framework into legislation that will be signed into law.

“Infrastructure modernization is a critical component of long-term economic growth and improved quality of life for every American. Our organizations commend the bipartisan group of 22 senators and the Biden administration on finding common ground and reaching agreement on a historic $1.2 trillion infrastructure framework. Momentum is building, as seen by the endorsement of the framework from the Problem Solvers Caucus.

“Now is the time to turn these promises into projects. We urge Congress to turn this framework into legislation that will be signed into law, and our organizations are committed to helping see this cross the finish line. Enacting significant infrastructure legislation, including investments in our roads, bridges, ports, airports, transit, rail, water and energy infrastructure, access to broadband, and more, is critical to our nation and will create middle-class family sustaining jobs.

“Don’t let partisan differences get in the way of action – pass significant, meaningful infrastructure legislation now.”

Coalition Partners

National Association of Manufacturers
U.S. Chamber of Commerce
Business Roundtable
AFL-CIO
Airports Council International – North America
American Association of Port Authorities
American Consulting Engineers Council
American Public Transportation Association
American Road & Transportation Builders Association
American Society of Civil Engineers
American Trucking Associations
Association of American Railroads
Association of Equipment Manufacturers
Bipartisan Policy Center
International Union of Operating Engineers
Laborers’ International Union of North America
National Asphalt Pavement Association
National Association of Wholesaler-Distributors
National Retail Federation
National Stone, Sand, and Gravel Association
No Labels
North America’s Building Trades Unions
Portland Cement Association
Transportation Trades Department, AFL-CIO

-NAM-

The National Association of Manufacturers 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 12.3 million men and women, contributes $2.32 trillion to the U.S. economy annually and has the largest economic multiplier of any major sector and accounts for 63% 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 NAM or to follow us on Twitter and Facebook, please visit www.nam.org.

Press Releases

Supreme Court Delivers Decisive Ruling Upholding Manufacturers’ First Amendment Rights

Washington, D.C. – Today, National Association of Manufacturers Senior Vice President and General Counsel Linda Kelly released the following statement on the Supreme Court’s 6–3 decision in Americans for Prosperity Foundation v. Bonta, Attorney General of California in which the NAM filed an amicus brief:

“The Supreme Court has delivered a decisive ruling upholding manufacturers’ First Amendment rights—and the rights of all who support nonprofit organizations. The Manufacturers’ Center for Legal Action was proud to support the effort to challenge a California law that forced nonprofits and charities to disclose donor information and violate donor privacy. While such intrusion and overreach are obviously a concern for manufacturing associations, the law threatened to chill protected First Amendment activity for all types of organizations that are central to our society.

“The seriousness of the constitutional violation was demonstrated by the fact that groups across the ideological spectrum—and of no ideology—voiced their opposition to the overreaching California law. America is at its best when its citizens can participate fully in associations and support charitable endeavors to advance causes in which they believe without sacrificing their privacy or personal information.

“Freedom of speech and association are fundamental to the strength of our country and to the functioning of our government. Nobody should have to fear they will be targeted for expressing an opinion or for joining with others to speak with a collective voice. The MCLA will always step up to defend manufacturers’ constitutional rights, especially the First Amendment rights that are the foundation of associations, whenever they are threatened.”

-NAM-

The National Association of Manufacturers 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 12.3 million men and women, contributes $2.35 trillion to the U.S. economy annually and has the largest economic multiplier of any major sector and accounts for 63% 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 NAM or to follow us on Twitter and Facebook, please visit www.nam.org

Press Releases

Manufacturing Leaders Implore Congress to Move Vital Infrastructure Legislation

Washington, D.C. – Today, the leadership of the National Association of Manufacturers released the following statements on the need for action surrounding proposed bipartisan infrastructure legislation:

“Manufacturers have called for this type of bold bipartisan infrastructure investment for many years, across multiple congresses and administrations, so Congress should waste no time in sending the plan to President Biden’s desk,” urged NAM President and CEO Jay Timmons. “We have watched America’s infrastructure deteriorate for too long as other nations invested in their own, aiming to outcompete the United States. Too often, it has cost us livelihoods and lives. This plan will bolster America’s competitiveness, strengthen the manufacturing industry and give American workers the foundation to build a new, post-pandemic world. This framework, which leaders in both parties and President Biden have embraced, confirms what manufacturers have said—that corporate tax increases are not the way to fund infrastructure. And with this legislation and its investments not just in roads and bridges but also waterways, the electric grid, advanced telecommunications and so much more, we can make history—and we can build that future and build to win.”

Trane Technologies Chairman and CEO and NAM Board Chair Mike Lamach added, “All Americans will reap the benefits of this bold, bipartisan plan. For manufacturers, it means we’ll be able to better deliver for our customers. We’ll be better prepared to compete in the world. Our communities will be safer, our employees will be healthier, and our companies will be stronger. We stand behind this plan and want to see it move forward quickly in support of positive change for generations to come.”

“There’s no doubt that such strong investment in our nation’s infrastructure will move us forward in a profound way. As with any compromise agreement, there are concerns on both sides,” said Dow Chairman and CEO and NAM Board Vice Chair Jim Fitterling. “Manufacturers and those who use everyday products are certainly concerned about the funding proposals related to new Superfund taxes, and we will work with lawmakers to address those—because we believe the infrastructure package should avoid targeting specific sectors, particularly when new taxes might inadvertently harm consumers and a critical sector of the manufacturing economy.”

BTE Technologies President and NAM Small and Medium Manufacturers Group Chair Chuck Wetherington noted, “America’s small and medium-sized manufacturers know far too well the costs of navigating around clogged roadways and crumbling bridges. We know the costs of shipping delays and the stress and strain on our employees as they commute. We know what it’s like to worry about power failures and what it takes to install and operate the latest digital technologies on our shop floors. So, for small manufacturers, this bill offers a boost of confidence and optimism. It will allow us to focus more of our energy on what we do best: creating jobs and creating opportunity.”

“Whether you’re running a family business or focused on the business of your family, you don’t need anyone to tell you that America’s infrastructure needs help. After all, it’s estimated that outdated infrastructure costs families $3,300 in disposable income every year. Small manufacturers are dedicated to the success of our hometowns—and we can’t wait to see what we’ll be able to accomplish once this plan becomes law. Let’s make this plan a reality,” emphasized Ketchie President and Owner and NAM SMM Vice Chair Courtney Silver.

-NAM-

The National Association of Manufacturers 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 12.3 million men and women, contributes $2.35 trillion to the U.S. economy annually and has the largest economic multiplier of any major sector and accounts for 63% 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 NAM or to follow us on Twitter and Facebook, please visit www.nam.org.

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