NAM’s Timmons: Another step closer to historic Tax Reform

National Association of Manufacturers (NAM) President and CEO Jay Timmons released the following statement on the introduction of tax reform legislation in the U.S. Senate:

“Momentum is building for historic tax reform, and the Senate’s bold vision takes us one step closer to victory—to a plan that lifts everyone up and leaves no one behind. While we hope the final package includes robust rate cuts for small businesses, the Senate’s bill certainly signals that lawmakers are serious about delivering a surge of manufacturing jobs and manufacturing investment for the American people. “We look forward to working with leaders in both chambers as they work toward final drafts and fine-tune the details. Right now, we have an opportunity of a lifetime to overhaul our outdated, uncompetitive tax code, and we’ll make sure the voices of our members and the interests of manufacturing workers are heard across Capitol Hill as this critical process moves forward. “There is no excuse for delay. Lawmakers should focus on the big picture: getting a bold tax reform bill to President Donald Trump’s desk so that we can make manufacturers in America more competitive, while creating more opportunity for more Americans.”

Yesterday, David Farr, chairman and CEO of Emerson and chair of the board of the NAM, delivered a speech at the Michigan CEO Summit laying out the stakes of passing tax reform, calling on the business community to unify behind the overhaul and stressing the positive impact it will have on manufacturers as well as highlighting how opponents would harm workers and our economy.