President Biden signed the bipartisan infrastructure bill into law yesterday, marking a historic occasion, according to The Wall Street Journal (subscription). Several manufacturers, including NAM leadership, were on hand to witness it.
President’s take: “The bill I’m about to sign is proof that despite the cynics, Democrats and Republicans can come together and deliver results,” President Biden said Monday.
Manufacturers present: NAM President and CEO Jay Timmons was at the signing, along with Trane Technologies Executive Chair and NAM Board Chair Mike Lamach, Siemens USA CEO Barbara Humpton, Carrier Chairman and CEO David Gitlin and other political and business leaders.
What they said: In a statement following the event, Timmons said, “Now that this historic bill has become law, we can build a future worthy of the next generation. For manufacturers, this is a victory years in the making. In 2016, the NAM released our ‘Building to Win,’ which called for exactly this type of bold infrastructure investment. It has guided our advocacy with administrations and legislators of both parties, and the leadership of President Biden and senators from both parties produced a bill that achieved many of our ‘Building to Win’ goals without raising tax rates on manufacturers. And this bipartisan approach can be a model for future legislation—one that puts policy above politics, personality or process.”
- “The Infrastructure Investment and Jobs Act is a critical investment in our nation’s economic recovery and in the future of manufacturing,” Lamach said. “Funding for critical transportation, broadband, water and energy systems will strengthen supply chains, protect the environment and enable opportunity for people across our country.”