Policy and Legal

Watch Jay Timmons’ House Ways and Means Testimony

Over the course of two days, manufacturers praised the pro-growth tax provisions of the One Big Beautiful Bill Act during field hearings hosted by the House Ways and Means Committee. On Friday, Click Bond Director of Manufacturing Austin Robinson testified in Las Vegas, Nevada. On Saturday, National Association of Manufacturers President and CEO Jay Timmons and Robinson Helicopter Company Vice President of Business Development William Fulton testified at the Ronald Reagan Presidential Library in Simi Valley, California. Timmons also joined NewsNation ahead of the hearing to discuss the passage of historic tax legislation.

NAM’s Timmons: Manufacturing Law Will Help to Drive Another American Century

“This is a manufacturers’ law, through and through. By making immediate R&D expensing, full expensing of capital equipment and interest deductibility permanent, this Manufacturing Law delivers for investment and innovation.

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“Through the pass-through deduction, reduced individual tax rates and estate tax protections for family-owned businesses, this Manufacturing Law delivers for the small businesses that power our economy.

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“Through protecting the 21% corporate tax rate—and through strengthening the international tax system that incentivizes companies to invest here, build here [and] hire here—this Manufacturing Law will help to deliver another American century.”

Robinson Helicopter: OBBBA Accelerates Domestic Investment, Expansion and Growth

“Many of our employees come from families who have worked at Robinson Helicopter across multiple generations, and we are proud of the work we do, which the One Big Beautiful Bill Act supports by driving our ability to accelerate domestic investment, expansion and growth.

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“The One Big Beautiful Bill retained a 21% corporate tax rate that underpins the baseline for our global competitiveness, and included critical provisions to reduce the cost of investment that will facilitate our product and job growth plans. Manufacturers are innovators, and one of the most important provisions of H.R. 1 is the restoration of immediate R&D expensing. Though manufacturing accounts for only 10% of the country’s GDP, we make up 53% of all private-sector research spending. These tax provisions help us to invest both in the design of new technology and its production processes.

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“Thanks to your leadership, Congress and the administration have empowered Robinson Helicopter to create jobs, invest in equipment, innovate through R&D and drive economic growth faster.”

Click Bond: OBBBA Bolsters Family-Supporting Careers

“The One Big Beautiful Bill’s impacts on manufacturing workers [are] substantial. It protects them from tax hikes, provides further cuts via no tax on overtime and frees up capital for businesses like Click Bond to hire more workers [and] increase wages and benefits. By recognizing the importance of innovation, investment and workers, this bill gives manufacturers in Nevada and across the country the tools they need to succeed and grow. This means more jobs and higher wages and more lifelong family-supporting careers for manufacturing workers across this great country.”

NAM’s Timmons: Tax Law Is a Once-in-a-Lifetime Investment

“Manufacturers have been given an incredible opportunity with this tax law … I think this is once in the lifetime of the country that we’ve seen something that is this competition-focused—allowing us to attract investment to our shores. So Chairman Jason Smith … he understands that when you create the economic conditions, then businesses, and specifically manufacturers in our case, can help provide opportunities to folks all across this country … So we’re pretty excited about the ability to do that, and we’ve been given the tools to do that, and I can assure you that manufacturers will live up to that promise.”

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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 $2.90 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.