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.
Manufacturers Need a Jolt of Certainty
February 11, 2025As 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…
SMM Chair: Extend Pro-Growth Tax Policy, Prioritize Permitting and Regulatory Reform
February 6, 2025told the House Committee on Small Business at Wednesday’s hearing. “Unfortunately, small companies get hit twice—with unworkable regulations that apply to them [and again with] compliance and reporting requirements that larger firms are forced to pass down. Fortunately, Congress and the Trump administration have the opportunity to reverse course.” Rocket fuel for manufacturing: The 2017…
Small Manufacturer to Congress: Let Manufacturing Thrive
January 16, 2025told Congress this week. What’s going on: Silver—president and owner of third-generation, family-owned precision machining business Ketchie and immediate past chair of the NAM’s Small and Medium Manufacturers Group—testified Tuesday at a House Ways and Means Committee hearing on the necessity of preserving soon-to-expire tax reforms and reinstating provisions that have expired already. “Critical pro-growth…
NAM, GOP: Manufacturers and Families Need Pro-Growth Tax Measures
January 15, 2025Mike Crapo (R-ID), whose remarks closed out the press conference, said “piling taxes upon taxes upon taxes” is no way to build a resilient, successful economy. “The way to make us strong is to build a strong, powerful economy, which we get with sensible, pro-growth tax reforms,” he concluded.
6 Million Jobs Will Be Lost Unless Congress Renews the Trump Tax Reforms
January 14, 2025New 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…
NAM Study: Tax Provisions’ Expiration Will Cost U.S. Jobs, Wages, GDP
January 14, 2025advocacy blitz following the study’s release. This morning, Courtney Silver, president and owner of North Carolina–based precision machining company Ketchie and immediate past chair of the NAM’s Small and Medium Manufacturers Group, is testifying at a House Ways and Means Committee hearing on the need to make pro-manufacturing TCJA reforms permanent. At 4:30 p.m. EST…
Manufacturers Ready to Work with Bessent to Ensure That We Can Continue to Drive Economy Forward
November 22, 2024Washington, D.C. – National Association of Manufacturers President and CEO Jay Timmons issued the following statement on the nomination of Scott Bessent to be the next Treasury Secretary: “President Trump’s 2017 tax reforms were rocket fuel for manufacturing, and their transformative impact cannot be overstated. They put into place competitive policies that fueled record job…
