Press Releases

Washington, 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 creation, wage growth, capital investment and innovation.

“With the nomination of Scott Bessent as Secretary of the Treasury, we have an opportunity to build on this momentum. President Trump recently pledged at the NAM’s fall board meeting that he will make these tax cuts permanent, and Scott will play a vital role in achieving that goal.

“Scott’s deep expertise in financial markets and his dedication to fostering economic growth make him an outstanding choice to lead the Treasury Department. Manufacturers are ready to work with him to ensure that manufacturing can continue to drive the economy forward.”

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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 $2.91 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.

Ottawa, Canada – Following the nomination of former U.S. Ambassador Pete Hoekstra to be ambassador to Canada, National Association of Manufacturers President and CEO Jay Timmons released the following statement:

“We appreciate President Trump’s foresight in prioritizing the U.S.–Canadian relationship and negotiating the U.S.–Mexico–Canada Agreement, a trade deal that has been essential to the strength and success of manufacturing across North America. We look forward to working with former U.S. Ambassador and Congressman Pete Hoekstra as the next U.S. ambassador to Canada. The NAM has just concluded this year’s North American Manufacturing Conference in Ottawa, where the importance of the USMCA was a central theme among the business leaders, members of Parliament and key ministers who participated. In fact, a recent survey conducted with our partners in both countries found that 94% of manufacturers say that the USMCA is integral to their supply chains. We look forward to working with the incoming ambassador to strengthen ties among our North American allies to shore up supply chains and counter unfair practices from other nations like China.”

Background: In 2023, the NAM, the Canadian Manufacturers & Exporters (CME) and the Confederation of Industrial Chambers of Mexico (CONCAMIN) agreed to collaborate on the Manufacturing Agenda of the Future, including hosting the inaugural North American Manufacturing Conference at the NAM’s headquarters in Washington. This week, the second conference took place in Ottawa, bringing together key business leaders from across North America and elected officials from the U.S., Canada and Mexico to discuss strategies for strengthening the region’s manufacturing sector and ensuring a robust USMCA ahead of the 2026 review.

More information on the North American Manufacturing Conference can be found 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 $2.91 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 on the election of Sen. John Thune (R-SD) to Senate majority leader:

“Leader Thune has been the true definition of a manufacturing champion. He has consistently supported legislation important to the industry, especially small and medium-sized manufacturers, and he has led on critical issues for U.S. competitiveness, such as taxes, energy and workforce issues. I have known John for 20 years, going back to my days as executive director of the National Republican Senatorial Committee the year he was elected. There is no question in my mind that he is the right senator to take the reins as majority leader.

“Leader Thune has been a constant force for manufacturers in the Senate Republican leadership and has repeatedly engaged the NAM Board of Directors in shaping future policies.

“Now, our work continues together to secure ‘rocket fuel’ for manufacturing and to extend and restore the provisions of the 2017 Trump tax cuts, so that manufacturers can invest more in their operations, expand their workforces and drive innovation. Together, we can make America greater.”

-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 $2.91 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 has launched a seven-figure video and digital advertising campaign urging Congress to pass legislation this year to bring much-needed reform to pharmacy benefit managers, whose practices increase health care costs for manufacturers and manufacturing workers. The NAM’s Q3 2024 Manufacturers’ Outlook Survey found that 78% of small manufacturers with fewer than 50 employees cite rising health care costs as a primary business challenge—the top concern among small business respondents in the survey.

“Manufacturers are clamoring for Congress to rein in PBMs this year. The momentum is with lawmakers to enact comprehensive reform in both the government and commercial health insurance market that increases transparency and reduces prices for everyone,” said NAM President and CEO Jay Timmons. “Manufacturing workers and retirees are spending more at the pharmacy counter, in large part because insurer-owned PBMs drive up their own profits by inflating prescription drug prices and pocketing discounts that biopharmaceutical manufacturers intended to be passed on to patients.”

Timmons continued, “Congress has an extraordinary opportunity in the lame duck to pass transformative legislation that increases transparency into PBMs’ business practices, delinks PBM compensation from drug prices and puts patients first.”

To view the NAM’s latest digital ad, click 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 $2.91 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 released the following statement on the results of the 2024 election.

“Manufacturers congratulate President-elect Donald Trump on his historic victory and strong performance across manufacturing intensive states.

“Every election represents a new beginning, providing a fresh opportunity to work with and for all Americans, no matter their political affiliation, and to recommit ourselves to the American experiment. President-elect Trump, we have worked with you during your time in office to enact historic wins for the 13 million people who make things in America, to drive increased investment in the sector, create jobs and provide for communities across the country. Now it’s time to get to work to address the policies that will define your administration.

“The 2017 Tax Cuts and Jobs Act was ‘rocket fuel’ for manufacturers. The legislation increased wages, helped us hire and make tremendous investments in our businesses and communities, giving us the certainty we needed to kickstart the manufacturing resurgence we have seen in recent years. Efforts to modernize permitting processes, unleash American energy and relieve backlogs of pipeline projects helped make us energy independent and provide needed resources for allies around the world.

“But we are facing monumental headwinds today, and sector optimism is at its lowest levels in years. The cost of business continues to increase. From health care to looming tax hikes, and aggressive agency overreach, the policies of today are keeping shovels out of the ground. We believe that we can build on the successes of our previous work together to roll back burdensome regulations, unleash American energy security, power the economy of the future with an all-of-the-above energy strategy and restore the dignity of manufacturing work.

“More than 600 business leaders joined the NAM in signing a letter, which was released publicly on Election Day, to the next president stating, ‘We believe in an exceptional America, and that our future is strongest when we are united … This moment is critical for the millions of workers and communities who rely on our success. A strong manufacturing economy is essential to our national security, economic resilience and continued prosperity. We must restore confidence in the future and in the economic systems that have long driven opportunity and innovation, so that American families and businesses can thrive in a united and forward-looking nation.’

“With competitive taxes, sensible regulation and unleashed American energy, manufacturers are ready to win big. We are prepared to work closely with you and your new administration to build a future where our workers thrive and American leadership remains second to none.

“Elections may place Americans on different sides, but as we approach America’s 250th anniversary, this can be a moment to renew our belief in each other and in the promise of our nation—the promise we see every day on shop floors across our country. Let’s work together as we did before to define not just your time in the White House but to define a historic moment in our nation’s history.”

-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 $2.91 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 and 606 business leaders from across the manufacturing economy signed and released a letter to be sent to the next president, following the election. The letter demonstrates a firm commitment to working with the next administration regardless of whom the American people send to the White House.

The letter states the following:

Dear President-Elect:

As we approach the 250th anniversary of the signing of the Declaration of Independence, we, the leaders of America’s manufacturing industry and the industries that support it, extend our congratulations on your election. This historic milestone reminds us of the moments when our country came together to define its future—built on the foundation of free enterprise, competitiveness, individual liberty and equal opportunity.

We believe in an exceptional America, and that our future is strongest when we are united. As business leaders, we have a unique responsibility to help bridge divides and advance our shared purpose. In this era of challenges and change, we are committed to working together to strengthen trust and collaboration—within our sectors and across the nation.

This moment is critical for the millions of workers and communities who rely on our success. A strong manufacturing economy is essential to our national security, economic resilience and continued prosperity. We must restore confidence in the future and in the economic systems that have long driven opportunity and innovation, so that American families and businesses can thrive in a united and forward-looking nation.

We understand the power of collaboration and are ready to work productively with your administration to tackle the pressing challenges we face. While there may be moments of disagreement, we are committed to addressing those differences with mutual respect and in the spirit of constructive dialogue.

The days following a hard-fought election have always been a time for healing, finding common ground and renewing our focus on what unites us as a people. The peaceful transition of power is a hallmark of our democracy and is essential to ensuring continued confidence in the rule of law—a commitment that has made America exceptional.

As leaders of industries that drive America’s promise, you can count on us as steadfast partners in this work and in building our future together.

To view the full list of signatories, click 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 $2.91 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 news that Boeing machinists voted against a new labor deal, National Association of Manufacturers President and CEO Jay Timmons released the following statement:

“The broader impact of this ongoing work stoppage is being seen across the aerospace sector as manufacturers within the supply chain are being forced to furlough employees and shutter operations. That’s why we’re urging union leadership to head back to the table and find a solution to end this prolonged strike and why we thank Acting Secretary of Labor Julie Su for her continued engagement. We’re looking at a cost of more than $3.7 billion to the regional economy after 45 days, according to NAM calculations. It is critical that an agreement be reached so we can protect Americans from the consequences of supply chain disruptions and strengthen the manufacturing industry. Preventing even greater damage to the broader economy means ensuring that Boeing is strong and operational.”

-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 $2.91 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 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 news is that there is something we can do about it,” said NAM President and CEO Jay Timmons. “We will work with lawmakers from both parties to halt the looming tax increases in 2025; address the risk of higher tariffs; restore balance to regulations; achieve permitting and energy security; and ease labor shortages and supply chain disruptions.

“Manufacturers are the backbone of the U.S. economy, creating jobs, investing in our communities and developing products that make life better for everyone. When policymakers take action to create a more competitive business climate for manufacturers, we can sustain America’s manufacturing resurgence—and strengthen our can-do spirit.

“This administration and Congress—and the next administration and Congress—should take this to heart, put aside politics, personality and process and focus on the right policies to strengthen the foundation of the American economy.”

Select Survey Findings:

• The NAM conducted the Q3 2024 Manufacturers’ Outlook Survey Sept. 5–20. In Q3, 62.9% of respondents felt either somewhat or very positive about their company’s outlook, falling from 71.9% in the second quarter. The average over the past four quarters is 67.4%.
• A weaker domestic economy was cited as manufacturers’ top concern in Q3 2024, with 68.4% claiming it is their primary challenge. This was followed by rising health care costs (62.9%) and an unfavorable business climate (60.5%). Attracting and retaining a quality workforce now ranks as the fourth-highest concern, after remaining at the top of this list since Q4 2017.
• Manufacturers want Congress to prevent tax increases. Nearly 9 out of 10 respondents agree that Congress should act before the end of 2025 to prevent scheduled tax increases on manufacturers. The 20% pass-through deduction, individual tax rates and the estate tax exemption threshold are scheduled to expire or become less competitive at the end of 2025.
• Tax increases will harm growth in manufacturing in the United States, with 92.3% of manufacturers contending that the corporate rate should remain at or below 21%. If the corporate rate is increased from 21% to 28%, more than 71% of respondents said this increased tax burden will impact their business negatively.
• Lawmakers need to act to address health care costs for manufacturing workers. More than 72% of respondents support congressional action to reduce health care costs by reforming pharmacy benefit managers, while less than 6% oppose and 21.7% are uncertain.

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 $2.91 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.

Circleville, Ohio – With just weeks remaining before Election Day, the Route 250 Initiative aims to show that even in moments of political division, we can come together to celebrate the contributions of creators, makers and doers across America.

The National Association of Manufacturers, funded by a grant from Stand Together Trust, launched the Route 250 Initiative proof of concept at the Circleville Pumpkin Show to highlight stories of creators in Ohio and beyond, encouraging participants to consider how they can contribute to their communities through acts of service, innovation and collaboration as the nation gets ready to commemorate America’s 250th anniversary in 2026.

The Route 250 Diner, the centerpiece of this immersive experience, evokes the classic American diner. Visitors are invited to reflect on the contributions of those who make things in America and engage in conversations to learn more about their neighbors and get excited about the future.

“America’s Semiquincentennial is the perfect opportunity to remind ourselves—and especially the next generation—about what makes our nation exceptional,” said NAM President and CEO Jay Timmons. “When trust in our country is high, we are at our best and can do more to realize its full promise. It inspires that American spirit of hard work, grit and determination that has been central to our progress in centuries past—and will be essential for centuries to come. By strengthening civic pride, inspiring acts of service and deepening our connections to our communities, we can ensure that manufacturers and enterprises across the nation shape a brighter future for America.”

“Since the Declaration of Independence, Americans have been actively creating and building a better future for our country,” said Stand Together Vice President, Sarah Cross. “The Stand Together community celebrates this spirit of progress seen in the Route 250 Initiative. Empowered individuals driving positive change in their communities are vital to America’s next 250 years.”

“The Route 250 Initiative is an important celebration of America’s creators and makers who play a vital role in strengthening our communities through meaningful acts of service as we approach America’s 250th anniversary in 2026,” said America250 Chair, Rosie Rios. “America250 is grateful to Circleville Mayor Michelle Blanton, the National Association of Manufacturers, and Stand Together Trust, along with America 250-Ohio and our other state partners, for their invaluable support in making this initiative a reality as we build momentum towards this historic milestone.”

“Just as restaurants bring people together to share meals and important moments, this initiative provides a space for people to come together and connect,” said National Restaurant Association President and CEO Michelle Korsmo. “The Route 250 Initiative reminds us that in every community, there are people creating opportunities for themselves and others—and that’s something worth celebrating as we help more people learn how to make America’s next 250 years better than our first.

“As we approach this momentous anniversary, the Route 250 Initiative is an exciting way to bring communities together and reflect on the principles that have guided us for 250 years,” said Bill of Rights Institute President and CEO David Bobb. “By engaging in meaningful, constructive dialogue and celebrating the individuals who by their hands, hearts and minds are creating a better future, we can inspire a renewed commitment to those enduring ideals.”

In addition to the National Restaurant Association and the Bill of Rights Institute, the proof of concept is held in partnership with the International Franchise Association, The Ohio Manufacturers’ Association, the Ohio Restaurant & Hospitality Alliance and America 250-Ohio, among other supporting organizations. It’s also organized with the support of Advoc8 and LSG. The experience will be open to attendees at the Circleville Pumpkin Show Oct. 17–19, 2024.

-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 $2.91 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

-Stand Together Trust-

Stand Together Trust (STT) is a grantmaking organization that supports bottom-up solutions by empowering people through key institutions like business, communities, education, and government. We connect social entrepreneurs and policy innovators with resources—funding, incubation, talent, and strategic support—to accelerate their impact. As part of the Stand Together community, STT tackles the root causes of our country’s toughest challenges, from education and economic opportunity to health care and bridging divides. Learn more at standtogethertrust.org.

Washington, D.C. – As the Biden administration continues its efforts to boost the availability of clean energy in the United States and around the world, an ongoing pause in liquefied natural gas export licenses threatens economic stability as well as progress made by manufacturers in America. A staggering 900,000 jobs could be at risk according to a new study released today by the National Association of Manufacturers.

“With LNG exports, we do not have to choose between what’s good for the economy and good for the planet. Today’s research shows the massive opportunity America has when we unleash our economic and energy potential. LNG exports also play a key role in meeting clean energy goals. But clamping down on our energy sector unnecessarily puts jobs and economic growth at risk, while pushing other nations to use higher emissions alternatives,” said NAM President and CEO Jay Timmons. “Building LNG export facilities and expanding natural gas production are not just good for our industry—they also cut emissions and help power manufacturing around the world.”

Conducted in partnership with PwC, the analysis uses the government’s own projections to conclude that robust LNG export activities could contribute up to $216 billion to U.S. GDP and generate $46 billion in tax revenue in 2044 if projects proceed as planned. A pause on LNG exports threatens these gains.

Timmons added, “The Biden administration’s ill-advised decision to stop LNG exports could cost Americans dearly, while leaving our geopolitical allies—particularly in Europe—out in the cold. The data is clear: halting LNG export licenses puts nearly a million jobs at risk. The LNG freeze also deprives us of an important tool of soft power to bolster trading partners who share our values. This study provides policymakers—present and future—a clear path to create jobs and hundreds of billions of dollars in economic growth by harnessing America’s abundant supply of LNG.”

Current Economic Benefits by the Numbers:

• Job creation: U.S. LNG exports support 222,450 jobs, resulting in $23.2 billion in labor income.
• Economic output: The LNG industry contributes $43.8 billion to U.S. GDP.
• Tax revenue: Federal, state and local governments receive $11.0 billion in tax revenues, thanks to U.S. LNG exports.

Future Benefits Undermined by an LNG Export Ban:

• Jobs threatened: Between 515,960 and 901,250 jobs, resulting in $59.0 billion to $103.9 billion in labor income, would be at risk if the ban on U.S. LNG exports continues through 2044.
• The economic fallout: An LNG export ban would stifle between $122.5 billion and $215.7 billion in annual contributions to U.S. GDP during the same period.
• Communities shortchanged: Between $26.9 billion and $47.7 billion in tax and royalty revenues meant to benefit communities across the United States would also be at risk in 2044.

-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 $2.91 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.