Tax
Tax reform means money can go where it’s needed most: empowering manufacturing workers to invest in the community, support their families, grow the economy, create more secure jobs, increase wages and make manufacturing in the U.S. more competitive.
Daines, Smucker Staffers Talk Pass-Through Deduction
July 19, 2024Manufacturing Wins,” the NAM hosted Noelle Britton, deputy chief of staff for Rep. Lloyd Smucker (R-PA), and Caroline Oakum, tax counsel for Sen. Steve Daines (R-MT), in a virtual roundtable to discuss what’s being done in Congress to maintain the Section 199A
Sen. Daines: How We’re Working to Avert a Tax Crisis
July 17, 2024Manufacturing Wins, the NAM recently interviewed Sen. Steve Daines (R-MT) to learn more about what these expirations would mean for manufacturers and what Congress is doing to prevent the resulting tax hikes. Here’s the written interview. NAM: Sen. Daines, many of tax reform’s pro-manufacturing policies expire at the end of 2025—including those with disproportionate impacts…
The Pass-Through Deduction, Explained
July 16, 2024Manufacturing Wins, manufacturers are calling on Congress to prevent several devastating tax increases from taking effect at the end of next year. One of those scheduled increases is the expiration of the Section 199A pass-through deduction—a critical incentive, created by tax reform in 2017, designed to help thousands of small and medium-sized manufacturers invest in…
Supreme Court Decision is Game-Changing Transformation for Legal and Regulatory Landscape for Manufacturers
June 28, 2024Washington, D.C. – Today, the United States Supreme Court overruled the Chevron doctrine—a requirement that federal courts defer to an administrative agency’s interpretation of an ambiguous statute—that had proven unworkable and incoherent. “The legal and regulatory landscape has transformed in the blink of an eye. Manufacturers will not waste a moment in seizing this opportunity—an…
Manufacturers to Congress: Stop Devastating Tax Increases
June 26, 2024Jobs, innovation, investments in America all at risk if tax provisions expire at the end of 2025
Washington, D.C. – The National Association of Manufacturers released its Manufacturers’ Outlook Survey for the second quarter of 2024, which highlights the immediate need for Congress to take action to prevent tax increases that will limit the industry’s ability to create jobs, support their communities and compete in the global economy. “When Congress passed tax…
