Manufacturers: National Energy Dominance Council Shows President Trump’s Commitment to American Energy Leadership and Manufacturing Growth
Washington, D.C. – National Association of Manufacturers President and CEO Jay Timmons released the following statement on President Donald Trump’s recent executive order establishing the National Energy Dominance Council:
“President Trump is moving quickly to unleash America’s full energy potential by establishing the National Energy Dominance Council, setting America up to lead on energy and secure our energy independence. This action demonstrates President Trump and his administration’s commitment to ensuring manufacturers have the energy they need to drive economic growth.
“On day one, President Trump declared the United States will be a manufacturing nation, lifting the moratorium on liquefied natural gas (LNG) export permits—one of the NAM’s top recommended regulatory actions for the Trump administration to tackle. This was a significant move that will bolster our energy sector, strengthen our position in the global market and ensure manufacturers in America have the energy resources they need to power economic growth here at home. We look forward to working with President Trump and the administration to improve the processes for permitting for all energy sources, which this action also addresses. The federal permitting system is broken—delaying projects that would create jobs, secure supply chains and reinforce America’s competitive edge.
“The National Energy Dominance Council, under the leadership of Interior Secretary Burgum and Energy Secretary Wright, will help power the future of manufacturing in America because when manufacturing wins, America wins.”
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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 nearly 13 million men and women, contributes $2.93 trillion to the U.S. economy annually and accounts for 53% 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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President Trump Reining in Regulatory Onslaught
SEC Rescinds Biden-Era Staff Legal Bulletin 14L; Action Depoliticizes Proxy Process
Washington, D.C. – Following the Securities and Exchange Commission’s rescission of Staff Legal Bulletin 14L, which required publicly traded manufacturers to include activists’ ESG proposals on their proxy ballots even when the issues raised were unrelated to their business, National Association of Manufacturers President and CEO Jay Timmons released the following statement.
“Manufacturers asked for regulatory certainty, and President Trump has delivered. Today’s action by the SEC under Acting Chairman Mark Uyeda’s leadership depoliticizes the proxy process—a crucial plank of President Trump’s pro-manufacturing deregulatory agenda.
“As we relayed to President Trump in December, SLB 14L empowered activists at the expense of manufacturers and Main Street investors—turning the proxy ballot into a debate club, forcing businesses to court controversy and divert resources from growth and value creation. Returning the SEC’s review of shareholder proposals to a company-specific process based on relevance to a business’s operations and its investors’ returns will allow manufacturers to focus on what they do best: investing for growth, creating jobs and driving the American economy.”
Background:
In December, the NAM, along with more than 100 manufacturing associations, sent a letter to President Trump highlighting more than three dozen regulatory actions across a wide range of agencies that would boost the manufacturing economy and put a stop to the regulatory onslaught that is costing manufacturers $350 billion each year, according to NAM research. President Trump began tackling these issues on Day 1, including by lifting the pause on liquefied natural gas exports. Today’s move by the SEC is another important step in the administration’s efforts to address burdensome regulations that are stifling manufacturing investment and growth
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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 nearly 13 million men and women, contributes $2.93 trillion to the U.S. economy annually and accounts for 53% 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.
America’s Manufacturing Powerhouse Names Leadership for 2025
Washington, D.C. – The National Association of Manufacturers, the strongest voice for American industry, today announced that Johnson & Johnson Executive Vice President and Chief Technical Operations & Risk Officer Kathy Wengel, as well as Rockwell Automation Chairman and CEO Blake Moret, will once again serve as board chair and vice chair, respectively.
“Manufacturers are the backbone of America’s economy, and under Kathy and Blake’s leadership, we are poised to continue delivering more for the people who make America,” said NAM President and CEO Jay Timmons. “As chair, Kathy has already set new records in growing the membership of the NAM—ensuring manufacturers can create more well-paying jobs in the United States, cut through red tape and power our economy. As vice chair, Blake has been a consistent champion for strengthening our workforce, driving innovation and making sure manufacturers have the tools to compete and win.
“This year is a historic opportunity for manufacturing. With leadership in Washington committed to the importance of growing manufacturing in the United States, we are doubling down on the fight to stop devasting tax hikes, roll back the regulatory overreach of the past, unleash American energy dominance and make the U.S. more competitive than ever before,” said Timmons.
“I am honored to serve as NAM Board chair for another term,” said Wengel. “Our members are ready to lead knowing manufacturing’s vital contribution to the economy. The NAM continues to achieve unprecedented results for manufacturers—from tax reform resulting in increased investment, to regulatory certainty, to upskilling to strengthen the capabilities and resilience of the manufacturing workforce. Now, we have the opportunity to create new records for manufacturing jobs, increased wages and new investments in the United States.”
“We look forward to joining forces with the administration and Congress to implement solutions that will lift up everyone in the United States,” said Moret. “We have a clear list of manufacturing priorities across policy, workforce development, technology and supply chain that will make American manufacturing and American manufacturing workers the most successful in the world.”
The NAM also announced Click Bond CEO Karl Hutter will be elevated to chair of the NAM’s Small and Medium Manufacturers Group. Husco President and CEO Austin Ramirez will be vice chair.
“Eighty-five percent of NAM members are small and medium-sized manufacturers, so we are the nation’s largest voice for the pride, prosperity and strength of the small businesses that build America,” said Timmons. “Karl and Austin are leaders of our industry who are steering their companies and American industry into the future. They will continue to help rally SMMs to share their stories with more of America and to come together with the NAM to learn from each other, support one another and make our country stronger.”
“The policies we put in place today will decide whether SMMs can thrive in the United States for generations to come,” said Hutter. “It is a privilege to get the opportunity to work alongside the NAM’s leadership to educate elected leaders on critical issues that matter in supporting our communities, creating great careers and protecting America’s national security.”
“I am honored to serve as vice chair of the NAM’s SMM Group,” said Ramirez. “The stakes are high for manufacturers in America—particularly SMMs. I look forward to collaborating to champion manufacturing in the U.S. as we advocate for SMM policy priorities.”
Founded in 1895, the NAM, guided by its Board of Directors, is the largest industrial trade association in the United States. The NAM is the nation’s most influential manufacturing advocate, and its membership includes some of the world’s most iconic brands and many of the small manufacturers that power the U.S. economy.
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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 nearly 13 million men and women, contributes $2.93 trillion to the U.S. economy annually and accounts for 53% 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.
Manufacturers Need a Jolt of Certainty
As New Tariffs Announced, NAM Calls on Congress to Act Now on 2017 Tax Reform Renewal and Permitting Reform
Washington, D.C. – National Association of Manufacturers President and CEO Jay Timmons released the following statement:
“Manufacturers in the United States are facing intense global competition, economic headwinds and unfair trade practices from adversarial nations. With critical tax reforms having lapsed and others still set to expire as well as inaction on comprehensive permitting reform, our industry is struggling to invest, innovate and compete.
“Manufacturing is a capital-intensive industry—and we must plan months and often years in advance to grow and compete. We cannot afford to wait on action, especially with additional cost pressures from the renewal and extension of tariffs. Manufacturers are calling on Congress to act now to renew the 2017 Tax Cuts and Jobs Act—failure to do so will put 6 million jobs at risk and make it even harder for manufacturers to drive growth and strengthen supply chains. We cannot risk giving our competitors an edge while jeopardizing American jobs and economic strength.”
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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 nearly 13 million men and women, contributes $2.93 trillion to the U.S. economy annually and accounts for 53% 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
Manufacturers on Executive Orders to Impose Tariffs
Washington, D.C. – National Association of Manufacturers President and CEO Jay Timmons released the following statement on the executive orders imposing significant tariffs on imports from Canada, Mexico and China.
“Manufacturers understand the need to deal with any sort of crisis that involves illicit drugs crossing our border, and we hope the three countries can come together quickly to confront this challenge.
“At the same time, protecting manufacturing gains that have come from our strong North American partnership is vital. The success of President Trump’s landmark trade agreement, the United States-Mexico-Canada Agreement, has strengthened North American supply chains and bolstered economic power across the region, boosting jobs, wages and investments here in the United States.
“Thanks to this agreement, one-third of critical U.S. manufacturing inputs now come from Canada or Mexico, rather than from competitors like China that often engage in unfair trade practices.
“However, with essential tax reforms left on the cutting room floor by the last Congress and the Biden administration, manufacturers are already facing mounting cost pressures. A 25% tariff on Canada and Mexico threatens to upend the very supply chains that have made U.S. manufacturing more competitive globally. The ripple effects will be severe, particularly for small and medium-sized manufacturers that lack the flexibility and capital to rapidly find alternative suppliers or absorb skyrocketing energy costs. These businesses—employing millions of American workers—will face significant disruptions. Ultimately, manufacturers will bear the brunt of these tariffs, undermining our ability to sell our products at a competitive price and putting American jobs at risk.
“We stand ready to work with President Trump to ensure a trade strategy that reinforces American strength—holding bad actors accountable while preserving the gains of the successful USMCA and advancing policies that sustain manufacturing growth here at home.”
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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 nearly 13 million men and women, contributes $2.93 trillion to the U.S. economy annually and accounts for 53% 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.
NAM Names Alexa Lopez as External Advocacy Lead
Portfolio Includes Communications and Public Affairs
Washington, D.C. – The National Association of Manufacturers today announced the addition of former Transportation Security Administration Assistant Administrator for Strategic Communications and Public Affairs Alexa Lopez as the NAM’s vice president of communications and public affairs, a newly created position designed to build on the NAM’s strategic outreach and advocacy efforts.
“Alexa knows how to navigate complex challenges, craft compelling narratives and drive real impact,” said NAM President and CEO Jay Timmons. “She has built a career on delivering results, and manufacturers will benefit from her ability to elevate our industry’s voice at a time when manufacturers’ influence on the future has never been more important. She will be a strong champion for the policies that power innovation, create jobs and keep manufacturing in America strong.”
As NAM vice president of communications and public affairs, Lopez will lead efforts to amplify the voice of manufacturers and advocate for policies that advance the competitiveness of manufacturers in the United States. She will report to NAM Managing Vice President of Communications and Public Affairs Jamie Hennigan.
Previously, Lopez led all strategic communications and public affairs efforts at TSA, serving as principal communications adviser to the TSA administrator on all external and internal communications. She also served in key public affairs roles at the Federal Emergency Management Agency, the American Society of Civil Engineers, Ogilvy Public Relations and the City of Bloomington, Indiana. She holds a Master of Public Affairs and Master of Arts in Arts Administration from the Indiana University O’Neill School of Public and Environmental Affairs. Lopez was proudly born and raised in Dayton, Ohio.
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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 nearly 13 million men and women, contributes $2.93 trillion to the U.S. economy annually and accounts for 53% 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.
NAM: Jerry Jasinowski a Force for Good in Our Nation’s Capital
Industry Honors Legacy of Manufacturing Leader and Visionary
Washington, D.C. – National Association of Manufacturers President and CEO Jay Timmons released the following statement on the passing of Jerry Jasinowski, former NAM president and CEO (1990–2004) and former president of the Manufacturing Institute, the NAM’s 501(c)3 workforce development and education affiliate:
“For decades, Jerry Jasinowski was a force for good in our nation’s capital, a champion for policies that created economic opportunity, a standard-bearer for the industry and an advocate for the manufacturing workforce of America.
“Jerry guided the NAM through some of the most consequential policy debates and economic shifts of the era, shaping the post-Cold War economy. As lawmakers debated history-making agreements like NAFTA and the Trade Promotion Authority Act, they turned to Jerry for expertise and insight. When recession hit in the early 1990s and early 2000s, his steady advocacy helped guide the nation and the industry toward recovery, and his political and media savvy shaped public perceptions of manufacturing. He was a persistent and persuasive voice, not only in the halls of power, but on the air and on America’s editorial pages.
“As Jerry led the industry through a time of transformation, he also transformed the NAM for the better. He elevated the voices of America’s small and medium-sized manufacturers, allowing them to tell their stories directly to members of Congress and giving them a larger role in shaping the direction of the association. Many of America’s small and family-owned manufacturers are the leading voices in today’s most consequential debates on taxes, regulations and more. That, too, is a result of Jerry’s foresight.
“Jerry had the vision to recognize the need to build the manufacturing workforce of tomorrow, and under his leadership, the Manufacturing Institute was created. It became one of his proudest accomplishments and is undoubtedly a cornerstone of his legacy. Today, the MI is the authority on talent in manufacturing, providing recruitment and retention strategies to companies nationwide.
“Through numerous innovative programs, the MI is engaging students as early as middle and high school, recruiting women into manufacturing careers, leading apprenticeship and job training programs, helping veterans transition into the industry and creating opportunities through second-chance programs for individuals reentering the workforce. Its rapid and continued growth and the lives it has changed are a testament to the wisdom of Jerry’s vision.
“From his earlier days as a senior economic adviser to former President Jimmy Carter to his later years as an author and columnist, Jerry spent a career in the spotlight, working alongside and counseling presidents, chief executives and media personalities. But his focus remained steadfast—empowering the people who make things in America and improving livelihoods for all.
“The NAM today mourns the loss of a beloved former leader, whose vision and example we still revere today. We extend our deepest condolences to his wife, Isabel, and to his entire family and all his loved ones, and we make a commitment to celebrate and advance his legacy. After all, his legacy is a stronger, more engaged, more respected manufacturing industry in America.”
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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 nearly 13 million men and women, contributes $2.93 trillion to the U.S. economy annually and accounts for 53% 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.
6 Million Jobs Will Be Lost Unless Congress Renews the Trump Tax Reforms
New Study Released by the NAM Highlights Societal Costs of Increased Taxes
Washington, D.C. – Failing to preserve pro-manufacturing tax policies from the 2017 tax reform will cost the U.S. economy nearly 6 million jobs, according to a landmark EY study released by the National Association of Manufacturers. Inaction would cost the U.S. economy more than $1 trillion. The study also shows that the manufacturing industry will bear the brunt of this economic damage if Congress does not act swiftly in 2025.
“The time to act is now. Millions of American workers are depending on the manufacturing sector to continue driving America forward,” said NAM President and CEO Jay Timmons. “Pro-growth tax policies from President Trump’s 2017 tax reforms were rocket fuel for manufacturers and made the U.S. economy more competitive on a global scale. Manufacturers kept our promises to create jobs, raise wages and benefits and invest in our community. By acting now, policymakers can choose economic growth over economic disaster and protect American livelihoods.
“This data—6 million American jobs at stake—makes crystal clear that preserving tax reform should be one of the first acts of the new Congress and the new administration. If Congress delays, manufacturers will be forced to delay investment and job creation decisions due to the uncertain outlook. In 2017, Congress passed the landmark Tax Cuts and Jobs Act late in the year, meaning that manufacturers’ investment decisions based on the law could not bear fruit until 2018 at the earliest. For example, manufacturing capital spending grew 4.5% and 5.7% in 2018 and 2019, respectively, compared to the meager 1.4% growth in 2017. In addition, manufacturers added 267,000 new jobs in 2018, the best year for job creation in manufacturing in 21 years.
“This time around, we can’t afford to wait: with crucial TCJA provisions having expired in recent years, the economy is already backsliding. Following the expiration of immediate R&D expensing in 2022, R&D growth in the EU surpassed the U.S. for the first time in nearly a decade—and China’s R&D growth tripled our own. Congress and President Trump should work expeditiously to stimulate activity this year by acting urgently to give manufacturers the tax certainty they need to plan for long-term, job-creating projects.”
“As the backbone of the American economy, manufacturers—both large and small—drive innovation, create opportunity and strengthen communities across the country,” said Johnson & Johnson Executive Vice President, Chief Technical Operations & Risk Officer and NAM Board Chair Kathy Wengel. “Maintaining competitive tax policy is essential to sustaining this momentum, enabling manufacturers to invest in cutting-edge technologies, expand operations and provide good-paying jobs. By preserving tax reform and its pro-growth policies that empower our industry, we can ensure a stronger, more resilient economy that benefits all Americans.”
“Failing to extend the Trump tax cuts could result in an estimated 6 million lost jobs and the devastation of America’s manufacturing sector,” said House Speaker Mike Johnson (R-LA). “It is the responsibility of Congress to act quickly so we can protect Americans’ livelihoods, prevent wage decreases and avoid the largest tax hike in history. We all know the importance of making things here in America, so House Republicans are working hard to preserve and build on President Trump’s historic tax reform and support America’s manufacturers.”
“This study confirms the need to immediately extend the Trump Tax cuts this year by showing the real-world devastation to America’s small businesses and manufacturers if we fail to act,” said House Ways and Means Committee Chairman Jason Smith (R-MO). “With nearly 6 million jobs on the line, Congress must act swiftly to give American small businesses, families and communities across the country the green light to hire more workers and expand their businesses to restore the greatest economy in our lifetime as soon as possible. The last thing they need is the largest tax increase in American history. Ways and Means Republicans have prepared for this moment for nearly two years and are ready to deliver an economic package that Makes American Manufacturing great again.”
“Trump’s tax reform allowed Americans to keep more of their hard-earned money, and enabled businesses to invest in their ideas, products and people,” said Senate Finance Committee Chairman Mike Crapo (R-ID). “Making these tax cuts permanent is the best way to ensure the greatest economic growth, provide certainty and stability for American businesses, and avoid the economic losses described in this study.”
“President Trump’s 2017 Tax Cuts and Jobs Act not only strengthened American manufacturing, but promoted job growth, drove innovation, increased hardworking Americans’ take home pay, and increased U.S. competitiveness. With President Trump returning to the White House and Republican majorities in the House and Senate, we must act quickly to ensure we maintain global competitiveness, support investment and innovation, and safeguard small businesses and workers,” said House Majority Leader Steve Scalise (R-LA). “Hardworking Americans deserve a strong economy that works for them, not against them. House Republicans stand ready to prevent the largest tax hike in history and make our economy great again.”
“Small manufacturers are disproportionately impacted by tax increases,” said Ketchie President and Owner Courtney Silver, outgoing chair of the NAM’s Small and Medium Manufacturers Group. “We’re already struggling thanks to the expiration of immediate R&D expensing, full expensing for capital equipment purchases and interest deductibility for job-creating projects. Congress should reverse these expirations and prevent even more devastating changes to the pass-through deduction, the estate tax and more from taking effect next year.” Silver recently testified before Congress to talk about the impact of tax reform to small manufacturers across the country.
Key Study Results:
Nationwide economic damage:
- 5.9 million lost jobs
- $540 billion reduction in employee compensation
- $1.1 trillion shortfall in U.S. GDP
Manufacturing impact:
- 1.137 million manufacturing jobs
- $126 billion in manufacturing worker compensation
- $284 billion manufacturing GDP reduction
To view the study, including state and district impacts, click here.
Background:
Manufacturers need Congress to prevent harmful tax increases, according to the NAM’s Q3 2024 Outlook Survey. Nearly 9 out of 10 respondents agree that Congress should act before the end of 2025 to prevent scheduled tax increases on manufacturers. The 20% pass-through deduction, individual tax rates and the estate tax exemption threshold are scheduled to expire or become less competitive at the end of 2025, as are important aspects of tax reform’s international tax system. These tax increases will build on damaging tax changes impacting R&D, capital investments and business loans that took effect in 2022 and 2023.
In 2018, the first year after tax reform’s enactment, manufacturing experienced the best year for job creation in 21 years and the best year for wage growth in 15 years; similarly, manufacturing capital spending grew 4.5% and 5.7% in 2018 and 2019, respectively. Manufacturers have used the savings from tax reform to grow their businesses, create jobs, raise wages, add new benefits for employees, fund R&D, purchase new equipment, expand their facilities and invest in their communities. When manufacturing grows, the economy grows. Correspondingly, when manufacturers experience devasting tax increases, the economy suffers.
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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 nearly 13 million men and women, contributes $2.91 trillion to the U.S. economy annually and accounts for 53% 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.
Alison Bodor to Chair NAM’s Council of Manufacturing Associations
Washington, D.C. – The National Association of Manufacturers announced new 2025 leadership for its Council of Manufacturing Associations at the CMA 2025 Winter Leadership Conference. Alison Bodor, president and CEO of the American Frozen Food Institute, will serve as chair, and Corey Rosenbusch, president and CEO of The Fertilizer Institute, will serve as vice chair.
“The CMA’s work demonstrates how manufacturing associations are stronger together. I am proud to have the opportunity to serve as chair, and I look forward to working with my peer association CEOs and our respective organizations from across the nation to advance a competitiveness agenda that strengthens America’s manufacturing community,” said Bodor.
Made up of more than 200 industry-specific manufacturing associations representing 130,000 companies worldwide, the CMA creates powerful partnerships across the industry, working with the NAM to unite the manufacturing association community, and ultimately the broader business community, around strategies for increased manufacturing job creation, investment and innovation in America.
“Alison and Corey have been essential to the CMA’s mission of creating a united association community and amplifying the voices of manufacturers across the country,” said NAM President and CEO Jay Timmons. “After years of pushing back against a federal regulatory onslaught, their leadership will be vital as we work with a new Congress and administration to enact pro-growth tax and regulatory reforms that will allow manufacturers in America to thrive.”
Prior to leading the American Frozen Food Institute, Bodor served as executive vice president of the National Confectioners Association. She previously served as CMA vice chair.
Newly appointed 2025 CMA board members include the following:
- Bill Allmond, president, Adhesive and Sealant Council
- Ned Monroe, president and CEO, Vinyl Institute
- Debra Phillips, president and CEO, National Electrical Manufacturers Association
- Cindy Squires, president and CEO, American Composite Manufacturers Association
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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 nearly 13 million men and women, contributes $2.91 trillion to the U.S. economy annually and accounts for 53% 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.
Hydrogen Announcement Sets the Stage for American Energy Leadership
Washington, D.C. – Following the publication of new final guidance by the U.S. Department of Treasury for the hydrogen production tax credit, National Association of Manufacturers President and CEO Jay Timmons released the following statement:
“America leads when we unleash all our energy potential, including hydrogen, American natural gas, nuclear and more. With a strong build-out of hydrogen production facilities, we will be able to add more sources of reliable energy for manufacturers, power plants and communities while cementing our energy dominance.
“The NAM has advocated consistently for flexibility in the credit using project-specific emissions data rather than national or regional averages. The Biden administration’s guidance provides manufacturers with an important step forward. But for hydrogen to truly become a game-changing energy source, we need to address restrictions that make it harder to cost-compete on a global scale. A robust and flexible hydrogen industry will also be a major boon to the production and utilization of American natural gas as well as American nuclear power.
“Under President Donald Trump’s leadership, we have an opportunity to cut taxes, slash red tape and unleash permitting reform—turning this credit into a powerful tool for American energy leadership and fuel security. It’s time to build on this momentum and ensure these incentives deliver on their full promise for America’s manufacturers, workers and economy.”
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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 nearly 13 million men and women, contributes $2.91 trillion to the U.S. economy annually and accounts for 53% 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.