ICYMI: Tax Reform Delivers “Biggest Investment in Company History” for Marlin Steel
Watch Marlin Steel President and Owner Drew Greenblatt on “Fox & Friends Weekend”
Speaking on “Fox & Friends Weekend,” Marlin Steel Wire Products President and Owner and NAM board member Drew Greenblatt discussed the positive impact of the pro-growth tax reforms delivered by President Trump and Congress in 2025.
Greenblatt on Marlin Steel’s Largest Investment in Company History
“We’re so optimistic, so enthusiastic about what’s happening. We’re leaning in. We bought a robotic laser-cutting machine, punch combination, and we’re installing it in Baltimore City. It’s our biggest investment in company history, and the reason why we’re doing that is because of the policies that are being created—because we could write it off 100%. Let me kind of keep it real. We make baskets, and what we do is we laser-cut the steel for these baskets, and we ship these to guys like Ford and General Motors. And this sheet metal right here is laser-cut. We have technology right now that can do it, great quality, but the new machine will go 10 times faster. It’s worth it for us to buy the most expensive thing we ever bought because we’re allowed to write it off right away.”
Additional Information on H.R. 1
Following congressional passage of H.R. 1, National Association of Manufacturers President and CEO Jay Timmons called the legislation’s pro-growth tax reforms “a historic victory for the 13 million people who make things in America.” On July 4, the NAM launched a video celebrating the champions who delivered for manufacturers.
The NAM released a landmark EY study on the economic consequences of failing to renew the pro-manufacturing provisions of the Tax Cuts and Jobs Act by the end of 2025.
KEY FACTS: If Congress had failed to preserve tax reform in 2025, the U.S. would have risked:
- 5.9 million lost jobs;
- A $540 billion reduction in employee compensation; and
- A $1.1 trillion shortfall in U.S. GDP.
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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.