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NAM Fights Reconciliation Tax Increases, Harmful Innovation Policies

By NAM News Room

The NAM beat back a provision in the proposed “reconciliation” package that would have imposed taxes that disproportionately affect manufacturers, making it harder for them to invest in their businesses, upgrade their facilities and buy new machinery.

  • As details continue to emerge, manufacturers remain strongly opposed to remaining provisions that will stifle new cures and therapies.
  • Noting that “we cannot afford to undermine manufacturing competitiveness,” NAM President and CEO Jay Timmons said that the NAM remains skeptical and will review the final legislation carefully, including new tax provisions proposed in the agreement.
  • The New York Times, CNBC and Punchbowl covered the NAM’s rapid reaction.

NAM in action: The NAM led more than 125 national, state and local manufacturing business organizations in sending a unified message to U.S. senators on Thursday opposing the taxes within the reconciliation bill, complemented by a flood of coverage in local media.

  • On the radio: NAM Managing Vice President of Tax and Domestic Economic Policy Chris Netram joined “The Mike Broomhead Show” on KTAR 92.3 in Phoenix yesterday to tell listeners why tax increases are bad for Arizona manufacturers. Listen here.
  • On screen: CNBC covered the NAM’s campaign in Arizona to shape the battle over taxes in manufacturers’ favor. Fox News similarly profiled the NAM’s work to stop tax hikes. And CNN’s Manu Raju discussed Sinema’s concerns about the effect of a corporate minimum tax on manufacturers.

Meanwhile, the NAM has also been a forceful voice against policies that threaten innovation, running this ad, which calls out drug pricing proposals in the reconciliation package, in Washington, D.C. over the past two weeks. Read The Hill’s recap here

Get involved: Key elected leaders and other influential figures continue to amplify the NAM’s messages on social media, both in Washington and in local communities nationwide. Be sure to add your own message and tag @ShopFloorNAM.

  • Become a leading voice on this issue and let us help elevate your advocacy and work to stop tax hikes on our industry. Learn more here.
  • Find all the tools and resources you need within the NAM’s Tax Action Hub. Want to save this hub to your phone? We’ll text you a link! Text NoHikes to 52886.
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