The National Association of Manufacturers (NAM) offered their support earlier today for what they’re calling “grand slam” legislation: theTax Cuts and Jobs Act. Here’s what they said…
Washington, D.C. – National Association of Manufacturers (NAM) President and CEO Jay Timmons released the following statement on the tax reform legislation unveiled today by the U.S. House of Representatives:
“Today is an awesome day in America thanks to this grand slam for hardworking manufacturers and the U.S. economy. The proposal is a guaranteed path to surge investment, jobs and economic growth that will lead to better lives for every American.
“The NAM’s recent Manufacturers’ Outlook Survey of our 14,000 members—large and small—indicated that real and meaningful tax reform will result in more investment and job creation. Sixty-four percent said they will invest in new equipment, 57 percent said they will hire more workers and 52 percent said they will increase pay and benefits. This plan is the real and meaningful reform that they are looking for, and the change they voted for almost one year ago.
“Above all, manufacturers are cheering this bold proposal by Chairman Brady, Speaker Ryan, Chairman Black and other House leaders because these tax cuts will make a real and positive difference for middle class Americans, creating more wealth for higher wages, to reduce the cost of living and to increase savings for retirement and the future. These outcomes are what these real reforms are all about—and why they’re needed.
“This announcement builds on the momentum from last month’s budget votes in the House and Senate. Manufacturers look forward to continuing to work closely with the Ways and Means Committee and House leadership to advance these reforms so that manufacturers and manufacturing workers in the United States win against their global competitors.”