WASHINGTON, D.C. — National Association of Manufacturers (NAM) President and CEO Jay Timmons released the following statement after the U.S. Senate passed the Conference Report to H.R. 1, the Tax Cuts and Jobs Act:
“When this bill becomes law, manufacturers in America will be more competitive than they have been in decades. This is a win for the American economy, and it puts the world on notice: America is even better prepared to compete and win for every job and opportunity.
“Manufacturers do wish that some elements of the bill had been more pro-growth, and the NAM will continue working with Congress to improve on this foundation in the years to come. We reiterate our call for a triennial government study to see how our tax code compares to nations around the word--and determine what we can do to become even more competitive.
“Under these reforms, manufacturing workers will see rising paychecks and families will have more money to plan for the future. In the NAM’s quarterly outlook surveys, manufacturers have consistently said tax reform will mean more investment, more jobs and better pay. The Senate has delivered on its promise, and now manufacturers will be ready to deliver on their promises to hire more workers, create new well-paying jobs and invest more right here in America.”
On Tuesday, the NAM announced it would key-vote Senate passage of the Conference Report. The key vote letter is available here. More information on the latest Manufacturers’ Outlook Survey is available here.
The National Association of Manufacturers (NAM) 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 more than 12 million men and women, contributes $2.17 trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for more than three-quarters of private-sector research and development.