Tax Increases Threaten American Jobs and Wages

Key pro-manufacturing tax provisions from 2017 Trump tax reform have already phased out, with several more set to expire at the end of  2025. New analysis by EY for the National Association of Manufacturers shows the economic impact will be severe.

If Congress fails to act by the end of 2025 to preserve tax reform, nearly 6 million American jobs will be lost.

Nationwide
Economic Damage

5.9 Million LOST JOBS
$540 Billion IN LOST WAGES
$1.1 Trillion IN LOST GDP

Impact on
Manufacturing

1.1 Million LOST JOBS
$126 Billion IN LOST WAGES
$284 Billion IN LOST GDP

Use our interactive map below to find out what’s at stake for your community.

Nationwide Impact
5.9M lost jobs
$540B lost wages
$1.089T lost economic output

Manufacturing Impact
1.1M lost jobs
$126B lost wages
$284B lost economic output

Keeping Our Promises: Manufacturers on Eight Years of Tax Reform

Manufacturers championed the Tax Cuts and Jobs Act of 2017, making clear to policymakers that a competitive U.S. tax code would empower the industry to invest, create jobs and grow the American economy.

In the nearly eight years since tax reform’s passage, manufacturers have kept their promises.

View Our Report

Watch: Faces of Tax Reform

Watch: Congressional Testimony

Congressional Champions of Tax Reform

Click on the profiles below to read the full NAM interview.