Keep U.S. Manufacturers Competitive

Tax Hikes Will Threaten America's Competitiveness

What’s Going On…

As manufacturers report that rising input costs are their top business challenge in 2022, and amid rising inflation and supply chain challenges, Congress is still talking about passing portions of the Build Back Better Act — the budget reconciliation bill that includes tax hikes aimed at manufacturers.

We need to make sure that the manufacturing community comes together to rally these harmful tax hikes. Scroll down below to get tax action alerts and use our Call Congress tool to be automatically connected to your lawmaker’s office!

Harmful Tax Changes Facing Manufacturers:

  • Raising tax rates—Congress and the Administration have proposed tax rate increases targeting corporations and pass-through entities alike, costing jobs and making it harder to invest for growth.
  • Book Tax—The “book tax” being considered in Congress would imposes a 15% minimum tax on the financial statement of manufacturers with over $1 billion in profits, effectively penalizing manufacturers for undertaking job creating investments across the country.
  • GILTI—Congress is considering increasing the U.S. global minimum tax, called the global intangible low-taxed income tax (GILTI), to 15.8%— above the proposed global minimum tax rate, among other harmful changes. If such changes are made before other countries implement a minimum tax, globally engaged manufacturers would face a higher tax burden than the rest of the world.
  • Interest Deductibility Limitations—Congress has proposed a new limitation on the tax deductibility of interest on business loans, making it more expensive for manufacturers to invest in growth.
  • Windfall Profits Tax—Under the guise of lowering gas prices, some members of Congress have proposed enacting a per-barrel tax on oil and gas companies. This dangerous proposal would not only weaken our energy security and drive oil and gas prices up, but would allow China to become stronger while the U.S. economic health worsens.

The Negative Impact on Manufacturers:

Review this recent survey of manufacturing leaders that analyzes how manufacturers will be negatively impacted if Congress follows through on these changes.
Watch the video below to learn why tax hikes on manufacturers are the wrong way to go.

How Tax Reform Has Protected Manufacturers

The tax reforms passed in 2017 put manufacturers in a position of strength — driving historic numbers of new hires, rising wages, strong capital investment and the best production in years.

Mobilizing Your Company & Taking Action

Next to friends and family, company leaders are the most trusted source of political information among their own employees. Below you will find customizable resources to help company leaders use this powerful grassroots action tool as their own and mobilize employees to take action themselves.

We encourage you to adapt the content below to accommodate company guidelines.

Take Action Today

The NAM’s grassroots advocacy campaign, Manufacturers United, is helping thousands of manufacturers and industry supporters use their voices to urge Washington to protect manufacturers’ hard-fought gains thanks to tax reform. Include your voice by taking advantage of the action opportunities below.

TAKE ACTION

Manufacturers In Their Own Words

Manufacturing leaders understand the danger of tax hikes on manufacturers and small businesses across America. Listen to their words, and help strengthen our campaign by lending your own story.

WATCH STORIES

Don’t Miss Mobile Tax Alerts

By joining the Manufacturers United text alert system, you’ll receive real-time updates and action opportunities right from your mobile device when a critical tax alert comes up in your community.

Text MU to 52886

Additional Resources for Manufacturers

Let’s scale your action and advance our shared goals. We have a dedicated team of staff ready to help your company or organization make an impact. Contact the NAM Advocacy team at [email protected]

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