Policy and Legal
Manufacturers need smart laws and effective policies. That’s why the NAM is standing up for manufacturers everywhere – from the halls of power where we advance important legislation, to the courts where we fight to defend our rights.
Rep. Smith on Averting “Tax Armageddon”
Manufacturing Wins” campaign, the NAM recently chatted with Rep. Smith—chair of the House Ways and Means Committee’s Rural America Tax Team and a member of the committee’s Main Street Tax Team—about how he and his colleagues are working to avert the potential disaster. Interest deductibility: One of Rep. Smith’s priorities is restoring a pro-growth standard …
NAM to Commerce: Security, Competitiveness Go Together
told the Commerce Department this week. What’s going on: In September, the Commerce Department’s Bureau of Industry and Security proposed rules to ban connected vehicles that integrate information and communications technology from China and Russia (
Rep. Morelle Works to Reinstate Pro-Growth Interest Deductibility Standard
Manufacturing Wins” campaign, the NAM recently interviewed Rep. Morelle about what his congressional colleagues and he are doing to prevent “Tax Armageddon”—the end-of-2025 expiration of several important tax measures—and restore some vital, already expired tax provisions. Among the already expired provisions is tax reform’s standard for interest deductibility, which dictates how much interest on business …
Interest Deductibility Explained
explainer. What’s going on: Thanks to 2017 tax reform, from 2018 to 2021 manufacturers were allowed to deduct interest on business loans up to a cap of 30% of their earnings before interest, tax, depreciation and amortization (EBITDA). As of 2022, however, manufacturers’ interest deductions are capped at 30% of their earnings before interest and …
Manufacturers on 45X: Tax Credit Is Crucial to Building a Strong and Sustainable Domestic Advanced Manufacturing Supply Chain
Washington, D.C. – Following the release of guidance by the U.S. Department of the Treasury and the IRS for the Advanced Manufacturing Production Credit (Section 45X of the Internal Revenue Code), National Association of Manufacturers Managing Vice President of Policy Chris Netram released the following statement: “Manufacturers welcome today’s announcement of final guidance on the …
Economic Uncertainty Fuels Lower Optimism for Manufacturers
Washington, D.C. – The National Association of Manufacturers released its Manufacturers’ Outlook Survey for Q3 2024, which, reflecting overall uncertainty across several challenges, shows a drop in manufacturing sentiment in the third quarter. “The preelection uncertainty explains in part the drop in optimism, but economic pressures and policy threats are also at play. The good …
