Press Releases

Washington, D.C. – With Congress delivering the win of a generation for manufacturing and President Donald Trump set to sign the tax bill into law later today, the National Association of Manufacturers is rolling out a new video celebrating the champions who made the One Big, Beautiful Manufacturing Law happen. The video brings to life the energy, pride and determination of an industry that never stops working for America—and now has Washington delivering more manufacturing tax priorities in a historic law that our industry championed from Day One. It’s a thank you to the leaders who listened to manufacturers and achieved real results that will protect and create jobs, bolster investments and strengthen communities nationwide.

Today, an energized and gratified industry—powered by the 13 million people who make things in America—congratulate the president, the administration and Congress for making this Independence Day one to remember. Because when manufacturing wins, so does our great nation.

Background

Prior to final passage, the NAM activated manufacturers in America—engaging shop floor workers, plant managers, executives and state and local partners nationwide­—as part of the “Manufacturing Wins” campaign. With a coordinated public advocacy campaign, which included outreach to congressional offices both in district and in Washington, targeted social media drives, video testimonials and local media op-eds, the NAM made the case for this bill directly to members of Congress and the American people. These collective voices underscored how preserving and expanding key tax provisions translates into growing businesses, creating jobs and powering stronger communities.

On Monday, more than 300 manufacturing leaders from across the country signed onto a letter urging Congress to act immediately to pass historic tax legislation that will enable manufacturers in America to thrive. Leading up to the vote, manufacturers from across the country joined the NAM in a full-court press on Capitol Hill, including a key meeting with Deputy Treasury Secretary Michael Faulkender. They delivered one message: get this across the goal line for American jobs.

In January, the NAM released a landmark EY study on the economic consequences of failing to renew the pro-manufacturing provisions of the Tax Cuts and Jobs Act by the end of 2025. The NAM was joined by Senate Finance Committee Chairman Mike Crapo (R-ID), House Ways and Means Committee Chairman Jason Smith (R-MO) and House Majority Leader Steve Scalise (R-LA) for a Capitol Hill press conference highlighting the study.

Key facts on the economic consequences of failing to preserve tax reform:

• 5.9 million lost jobs
• $540 billion reduction in employee compensation
• $1.1 trillion shortfall in U.S. GDP

-NAM-

The National Association of Manufacturers is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs nearly 13 million men and women, contributes $2.93 trillion to the U.S. economy annually and accounts for 53% of private-sector research and development. The NAM is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the NAM or to follow us on Twitter and Facebook, please visit www.nam.org.

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Washington, D.C. – Following House final passage of the tax bill, National Association of Manufacturers President and CEO Jay Timmons issued the following statement:

“Today marks a historic victory for the 13 million people who make things in America. This is a manufacturers’ bill—through and through.

“None of this was inevitable. It’s the result of years of serious, sincere partnership between our nation’s manufacturers and our elected leaders. From the shop floors of small businesses to the headquarters of global companies, from plant managers and line workers to members of Congress and the administration, this achievement reflects what’s possible when policymakers choose to work with manufacturers.

“Manufacturers are especially grateful to President Trump, Vice President Vance, Speaker Johnson, Majority Leader Scalise, Majority Whip Emmer, Conference Chair McClain and Ways and Means Chairman Smith for their steadfast leadership. Their commitment to our industry—and to the men and women who make things in America—was essential to get this done. They listened to manufacturers, stood by us and delivered real results.”

“When leaders partner with manufacturers, good things happen for our country—because manufacturing is nonpartisan and bipartisan. To invest in manufacturing is to invest in America—in communities in every state and of every size. While this bill passed on a party-line vote, manufacturers all across America, in red states and blue states, swing districts and safe districts, look forward to putting people to work, more factories into motion, more innovation into the market, more products onto our shelves and more prosperity into our communities. Taken together, this strengthens the hand of the United States on the world stage. That’s exactly what this bill helps to deliver.

“This Congress and this administration understand that a stronger manufacturing sector means a stronger America. We will continue to work with our nation’s leaders to realize and celebrate the benefits of a comprehensive manufacturing strategy that includes not only further tax reforms but also trade, energy, workforce development and modernized regulations.

“Because one of the greatest investments our leaders can make for the American people is an investment in manufacturing—the industry that powers our shared prosperity.”

Background

Prior to final passage, the NAM activated manufacturers in America—engaging shop floor workers, plant managers, executives and state and local partners nationwide­—as part of the “Manufacturing Wins” campaign. With a coordinated public advocacy campaign, which included outreach to congressional offices both in district and in Washington, targeted social media drives, video testimonials and local media op-eds, the NAM made the case for this bill directly to members of Congress and the American people. These collective voices underscored how preserving and expanding key tax provisions translates into growing businesses, creating jobs and powering stronger communities.

On Monday, more than 300 manufacturing leaders from across the country signed onto a letter urging Congress to act immediately to pass historic tax legislation that will enable manufacturers in America to thrive. Leading up to the vote, manufacturers from across the country joined the NAM in a full-court press on Capitol Hill, including a key meeting with Deputy Treasury Secretary Michael Faulkender. They delivered one message: get this across the goal line for American jobs.

In January, the NAM released a landmark EY study on the economic consequences of failing to renew the pro-manufacturing provisions of the Tax Cuts and Jobs Act by the end of 2025. The NAM was joined by Senate Finance Committee Chairman Mike Crapo (R-ID), House Ways and Means Committee Chairman Jason Smith (R-MO) and House Majority Leader Steve Scalise (R-LA) for a Capitol Hill press conference highlighting the study.

Key facts on the economic consequences of failing to preserve tax reform:

• 5.9 million lost jobs
• $540 billion reduction in employee compensation
• $1.1 trillion shortfall in U.S. GDP

-NAM-

The National Association of Manufacturers is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs nearly 13 million men and women, contributes $2.93 trillion to the U.S. economy annually and accounts for 53% of private-sector research and development. The NAM is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the NAM or to follow us on Twitter and Facebook, please visit www.nam.org.

Washington, D.C. – Following Senate passage of the tax bill, National Association of Manufacturers President and CEO Jay Timmons issued the following statement:

“The Senate just pushed the ball deep into the red zone. Now it’s the House’s turn to finish the drive and deliver a big win for manufacturers in America. The Senate advanced a tax package that will strengthen small businesses, family-owned operations and manufacturing workers across the country. It drives manufacturers closer to the goal line—growing businesses, creating jobs and powering stronger communities.

“After months of driving, months of endurance and effort, months of playing audacious offense and tenacious defense, months of partnership between manufacturers of every industry and our leaders in Congress and the administration, the House now can finish the job. We call on our partners in the House to send this bill to the president’s desk—the strongest tax bill for manufacturers we have seen in a generation. Because when Congress champions the 13 million people who make things in America, manufacturing wins—and when manufacturing wins, America wins.”

Background

A full-team push: Today, more than 300 manufacturing leaders from across the country signed onto a letter urging Congress to act immediately to pass historic tax legislation that will enable manufacturers in America to thrive. Leading up to the vote, manufacturers from across the country joined the NAM in a full-court press on Capitol Hill, including a key meeting with Deputy Treasury Secretary Michael Faulkender. They delivered one message: get this across the goal line for American jobs. Watch the recap.

Calling the plays: Timmons appeared on Bloomberg’s “Balance of Power” urging passage to give manufacturers the certainty they need to keep building and investing.

-NAM-

The National Association of Manufacturers is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs nearly 13 million men and women, contributes $2.93 trillion to the U.S. economy annually and accounts for 53% of private-sector research and development. The NAM is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the NAM or to follow us on Twitter and Facebook, please visit www.nam.org

Washington, D.C. – In advance of the Senate vote on passage of the tax bill, NAM President and CEO Jay Timmons issued the following statement:

“This is a manufacturers’ bill—through and through. It reflects the priorities that manufacturers across the country have long championed: policies that drive growth, boost competitiveness, strengthen communities and support good-paying jobs.

“This bill is strong because the partnership behind it is strong. Our nation’s leaders have listened to America’s manufacturers—positioning our industry to lead and succeed like never before. And that means more prosperity for the United States. With enthusiasm for this achievement and gratitude for our advocates in Congress, we call on our partners in the Senate to finish the job.”

-NAM-

The National Association of Manufacturers is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs nearly 13 million men and women, contributes $2.93 trillion to the U.S. economy annually and accounts for 53% of private-sector research and development. The NAM is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the NAM or to follow us on Twitter and Facebook, please visit www.nam.org.

Washington, D.C. – National Association of Manufacturers President and CEO Jay Timmons issued the following statement thanking President Donald Trump and Secretary Scott Bessent for achieving a monumental deal with G-7 allies that the OECD Pillar 2 taxes will not apply to U.S. companies, laying the groundwork to remove the harmful Section 899 proposal from the pro-manufacturing One Big Beautiful Bill Act:

“In a massive triumph for manufacturing in America, Treasury Secretary Bessent announced a deal to protect both domestic and foreign-headquartered manufacturers investing in the United States from oppressive, job-killing taxes. The NAM—which yesterday brought together manufacturers of all sizes to meet with Deputy Secretary Michael Faulkender to discuss the importance of countering OECD Pillar 2 and preventing the harm of Section 899—congratulates President Trump for this outstanding deal.

“Today’s deal is a win for manufacturing and a win for America. Manufacturers thank Secretary Bessent, Deputy Secretary Faulkender and the Trump administration for reaching this historic deal to shield manufacturers in America from damaging foreign taxes that unfairly stifle job creation in the U.S.

“Manufacturers have long raised concerns about the overreaching and extraterritorial nature of OECD Pillar 2. We greatly appreciate Chairman Jason Smith and Chairman Mike Crapo for their commitment to defending manufacturers in the U.S. from discriminatory foreign taxes. Companies of all sizes across our industry will benefit from the Trump administration removing the threat of these damaging tax burdens.

“Today’s announcement also paves the way for the House and the Senate to lift the threat that Section 899 poses to foreign-headquartered manufacturers’ ability to invest and create jobs in America. Manufacturers have been working with Congress to ensure that the One Big Beautiful Bill Act is maximally beneficial for manufacturing investment in America, and today’s announcement is a crucial step in that direction.

“It’s now time for the Senate to vote and for the House to send this bill to President Trump’s desk by July 4.”

-NAM-

The National Association of Manufacturers is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs nearly 13 million men and women, contributes $2.93 trillion to the U.S. economy annually and accounts for 53% of private-sector research and development. The NAM is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the NAM or to follow us on Twitter and Facebook, please visit www.nam.org.

Washington, D.C. – The Senate Finance Committee today unveiled its version of the One Big Beautiful Bill Act—preserving the core of the 2017 Tax Cuts and Jobs Act.

National Association of Manufacturers President and CEO Jay Timmons issued the following statement:

“Chairman Crapo and the Senate Finance Committee are delivering the kind of tax policy manufacturers have been calling for—policy that drives growth, unlocks investment and grows jobs. We commend Chairman Crapo for his leadership and steadfast commitment to pro-manufacturing tax policy. By preserving the full suite of pro-growth policies from the TCJA, this bill marks a major step forward for manufacturing in America.

“Manufacturers also want to ensure that the tax code continues to support inbound investment into the United States as well as preserve incentives that drive investments in the manufacturing and energy production needed to power America’s economic growth. If the Senate acts now, manufacturers can continue to grow—buying equipment, hiring workers, increasing pay and expanding operations with greater certainty and confidence.

“The Finance Committee recognizes what’s at stake: nearly 6 million jobs and more than a trillion dollars in economic output depend on getting this right.

“This is a once-in-a-generation opportunity to lock in a manufacturing resurgence in the U.S. Let’s finish the job—because when manufacturing wins, America wins.”

Background:

The Senate bill contains key NAM priorities, including:

• A permanent pass-through deduction and retention of pro-growth individual and corporate tax rates;
• Permanence for pro-growth tax policies like immediate R&D expensing, full expensing for capital equipment purchases and a pro-growth interest deductibility standard;
• An expanded and permanent estate tax exemption;
• Pro-manufacturing reforms to the international tax system that protect America’s competitiveness on the world stage; and
• A first-of-its-kind incentive allowing immediate expensing of the cost of new factories and modernizations.

Last week, the NAM released a report, “Keeping Our Promises: Manufacturers on Eight Years of Tax Reform,” featuring firsthand success stories from manufacturers on how the TCJA enabled them to invest in their facilities, their workers and their communities. Learn more about the NAM’s Manufacturing Wins campaign to protect 2017 tax reform here.

-NAM-

The National Association of Manufacturers is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs nearly 13 million men and women, contributes $2.93 trillion to the U.S. economy annually and accounts for 53% of private-sector research and development. The NAM is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the NAM or to follow us on Twitter and Facebook, please visit www.nam.org.

Washington, D.C. – As manufacturers call on Congress to urgently pass the One Big Beautiful Bill Act, the National Association of Manufacturers released a report today, “Keeping Our Promises: Manufacturers on Eight Years of Tax Reform,” that highlights the transformative impact of the 2017 Tax Cuts and Jobs Act on manufacturing in the U.S. From small family-run operations to global enterprises, the report shows how manufacturers delivered on their promises to invest, hire and grow, thanks to the savings from tax reform. It also warns of the serious risks to jobs and growth if pro-manufacturing tax policies are allowed to expire.

“The evidence is clear: manufacturing had its best job creation in more than two decades, the strongest wage growth in 15 years and significant investment in capital equipment after the passage of the TCJA in 2017,” said NAM Executive Vice President Erin Streeter. “But several of these tax provisions have expired already—and the rest are scheduled to sunset at the end of this year—putting at risk 6 million American jobs, more than $500 billion in wages and benefits and more than $1 trillion in GDP.”

The report features firsthand accounts from manufacturers like Westminster Tool, Click Bond, Ketchie, Gentex, Winton Machine, Jamison Door Company and more that transformed tax reform savings into tangible investments in the future, leveraging tax reform to:

• Raise wages and expand benefits;
• Invest in advanced machinery and technology;
• Strengthen R&D and innovation;
• Build new facilities and expand existing ones; and
• Create jobs and economic opportunity in their communities.

“This is a success story we’re proud to share—told through the experiences of manufacturers that delivered on their commitments and backed by research that reinforces what they’ve witnessed firsthand over the past eight years: tax reform worked,” Streeter added. “Congress faces a straightforward choice to make the TCJA’s manufacturing-empowering provisions permanent, or risk undermining the foundation of our economic competitiveness.”

Read the full report and manufacturing success stories from across the country here.

Learn more about the NAM’s Manufacturing Wins campaign to protect 2017 tax reform here.

-NAM-

The National Association of Manufacturers is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs nearly 13 million men and women, contributes $2.93 trillion to the U.S. economy annually and accounts for 53% of private-sector research and development. The NAM is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the NAM or to follow us on Twitter and Facebook, please visit www.nam.org.

Washington, D.C. – In response to the EPA’s decision to repeal the 2024 power plant rule, a key priority for the National Association of Manufacturers’ ongoing efforts to rebalance federal regulations and unleash American energy, NAM President and CEO Jay Timmons issued the following statement:

“The EPA’s decision to repeal the unworkable power plant rule for existing coal-fired and new natural gas-fired power plants is a critical and welcome step toward rebalanced regulations and American energy dominance. This change will strengthen grid reliability and support manufacturing growth in the United States.

“From the onset, the NAM has warned that this rule would undermine the stability of our electric grid and impose unworkable mandates on critical energy infrastructure. The rule’s unrealistic timeline for power plants to adopt certain emerging technologies to commercial scale made it infeasible—undermining America’s energy security and hampering America’s leadership in next generation technologies like AI. Existing natural gas plants are critical to powering manufacturing in the United States—providing affordable, reliable baseload energy to continuously support industry. By layering new regulations on an already overburdened electric grid, the rule was putting our energy security at risk. Repealing this unbalanced rule will enhance manufacturers’ access to America’s abundant energy resources and ensure that the industry has the power it needs to drive the American economy.”

Background: Today’s action builds on the momentum from a December 2024 NAM-led letter to the transition team, signed by more than 100  manufacturing organizations, detailing regulatory actions the incoming administration could take to right-size regulations that stunted manufacturing growth and job creation—including the power plant rule. It also implements one of the key recommendations from the letter the NAM sent to 10 federal agencies in April, including the EPA,  identifying the power plant rule as one of the most burdensome regulations facing manufacturers and urging a rebalanced approach to strengthen, rather than strain, U.S. manufacturing. Last year, the NAM endorsed Rep. Balderson’s (OH-12) Congressional Review Act resolution that would have blocked implementation of this rule.

-NAM-

The National Association of Manufacturers is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs nearly 13 million men and women, contributes $2.93 trillion to the U.S. economy annually and accounts for 53% of private-sector research and development. The NAM is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the NAM or to follow us on Twitter and Facebook, please visit www.nam.org.

Washington, D.C. – The National Association of Manufacturers today unveiled the U.S. Manufacturing Investment Accelerator Program, a programmatic proposal designed to help manufacturers deliver on President Trump’s vision of America as a global manufacturing powerhouse.

“President Trump’s administration is prioritizing policies that spur more investment and innovation in manufacturing in the U.S.—a goal that manufacturers share. As the administration pursues reciprocal trade deals, the NAM is seeking zero-for-zero tariff outcomes with our top export markets,” said NAM President and CEO Jay Timmons. “As these deals materialize, manufacturers need a runway of predictable access to the critical inputs necessary to make things in America, empowering them to invest, create jobs, grow and compete. The U.S. Manufacturing Investment Accelerator Program is a manufacturing ‘speed pass’ that will unlock long-term investments needed to maintain America’s edge in the global economy.”

Why the program is needed right now: Even if the manufacturing industry were operating at full capacity—every machine turned on, every job filled—then the industry could produce only 84% of the inputs necessary to meet demand. That means that at least 16% of manufacturing inputs must be imported to grow domestic manufacturing.

Tariffs on critical manufacturing inputs dramatically increase the cost of these must-use, must-import inputs, thus hindering the very investment needed to grow manufacturing jobs in the U.S. These inputs are raw materials, critical minerals and energy resources—as well as some equipment and machinery our industry needs to install on the shop floor to enable U.S. production.

Timmons added, “The U.S. Manufacturing Investment Accelerator Program offers a way to bring in essential inputs that aren’t produced in the U.S. without added cost burdens—and it rewards manufacturers that expand production, invest in new equipment and create jobs here at home. Every dollar of imported manufacturing inputs has a multiplier effect, generating $1.40 on average in manufacturing output in the U.S. This proposal is a practical, pro-growth approach that supports President Trump’s trade priorities and turns his goal to strengthen manufacturing in America for the long term into reality.”

Background on the U.S. Manufacturing Investment Accelerator Program:

1. A Manufacturing Speed Pass

• To reduce the cost burdens that hinder domestic manufacturing investment, the administration should utilize existing authorities to issue general licenses—effectively a manufacturing speed pass—that allow manufacturers to import essential inputs duty-free.
• This includes raw materials, machinery, components and R&D inputs not readily available domestically.
• Eligible manufacturers would self-certify under defined criteria and be subject to post-entry verification by U.S. Customs and Border Protection.
• The Treasury Department, which has experience with general licensing frameworks, would be tasked with implementation.

1. Manufacturing Investment Accelerator Rebates
   The administration should provide a rebate to offset tariff costs incurred on must-import inputs when manufacturers are investing or expanding manufacturing in the U.S. Rebates would apply to:

• New or expanded manufacturing facilities;
• Technological upgrades and equipment modernization;
• Hiring of full-time manufacturing employees; and
• Domestic R&D expenditures.

Additionally, to ensure the program remains responsive and effective in generating manufacturing expansion in the U.S., the NAM recommends convening a Quarterly Manufacturing Dialogue between manufacturers and key federal agencies, including U.S. Treasury, the Office of the U.S. Trade Representative, the Department of Commerce and the Small Business Administration, among others.This ongoing forum would allow for real-time feedback, operational updates and continuous improvement of the Accelerator Program to better serve manufacturers in America.

The NAM also today unveiled a first-of-its-kind new data analysis visualized in a trade map, offering a state-by-state look at the increase in tariff costs borne by manufacturers and the need for globally sourced critical inputs necessary to make things in America—such as raw materials, critical minerals and energy sources.

The NAM’s Q2 2025 Manufacturers’ Outlook Survey showed manufacturers’ optimism has dropped to 55.4%, the lowest level since the height of the COVID-19 pandemic in Q2 2020. Trade uncertainty remained the top business concern for the second consecutive quarter, cited by 77.0% of respondents.

-NAM-

The National Association of Manufacturers is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs nearly 13 million men and women, contributes $2.93 trillion to the U.S. economy annually and accounts for 53% of private-sector rese arch and development. The NAM is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the NAM or to follow us on Twitter and Facebook, please visit www.nam.org.

Washington, D.C. – The National Association of Manufacturers released its Q2 2025 Manufacturers’ Outlook Survey, revealing that optimism among manufacturers across the country has dropped sharply. Only 55.4% of respondents report a positive outlook for their companies—a nearly 15-percentage-point drop from Q1 and the lowest level since the height of the COVID-19 pandemic in Q2 of 2020.

The survey conducted earlier this month revealed that 85.4% of manufacturers believe Congress should preserve pro-growth tax policies in response to trade uncertainty.

Trade uncertainty remained the top business concern for the second consecutive quarter, cited by 77.0% of respondents, followed by increased raw material costs, which was cited by 66.1% of respondents.

“These numbers are yet another indicator that manufacturers need increased policy certainty. Congress must act urgently to preserve tax reform and empower manufacturers to make the long-term investments that drive the American economy,” said NAM President and CEO Jay Timmons. “The stakes are high: preserving tax reform will prevent the loss of 6 million jobs and avoid a $1 trillion hit to the economy—that’s why manufacturers are calling on the Senate to preserve pro-manufacturing tax policies from the House-passed reconciliation bill, while also taking steps to ensure the final package is maximally beneficial for our industry. Pro-manufacturing tax policies are a critical component of a comprehensive manufacturing strategy; this quarter’s results also show that manufacturers need a strategic approach to trade policy that allows our industry to reduce costs and access the inputs we need to make things in America.”

The NAM releases these results to the public each quarter. Further information on the survey is available here.

-NAM-

The National Association of Manufacturers is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs nearly 13 million men and women, contributes $2.93 trillion to the U.S. economy annually and accounts for 53% of private-sector rese arch and development. The NAM is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the NAM or to follow us on Twitter and Facebook, please visit www.nam.org.