Today the House passed the repeal of the 3 percent withholding requirement by a wide, bipartisan margin (405-16). This is great news for manufacturers in the U.S. and a step forward in eliminating one of the burdensome tax requirements looming over businesses. Despite not being scheduled to go into effect until January 2013, the existence of this rule is having a negative impact on manufacturers right now. Manufacturers, especially those with thin profit margins, need certainty as they plan for the future and, with this ill-advised requirement on the horizon they have to plan for a future where they have less to reinvest in their business and their workforce. Plain and simple, it’s costing jobs in America and this is exactly why we need to eliminate this harmful provision as soon as possible.
Fortunately, based on the broad bipartisan of today’s vote, it seems that Congress recognizes the serious issues that 3 percent withholding will pose to manufacturers in the U.S. and job creation. The legislation now moves to the Senate, where we believe there is bipartisan support for repeal. The NAM is part of a strong coalition working toward full repeal. We’re going to continue to put pressure on the Senate to do the right thing and get the 3 percent withholding provision off the books for good.
Carolyn Lee is the Senior Director for Domestic Tax Policy, National Association of Manufacturers
In her role, Carolyn leads the Institute’s workforce efforts to close the skills gap and inspire all Americans to enter the U.S. manufacturing workforce, focusing on women, youth, and veterans. Carolyn steers the Institute’s initiatives and programs to educate the public on manufacturing careers, improve the quality of manufacturing education, engage, develop and retain key members of the workforce, and identify and document best practices. In addition, Carolyn drives the agenda for the Center for Manufacturing Research, which partners with leading consulting firms in the country. The Institute studies the critical issues facing manufacturing and then applies that research to develop and identify solutions that are implemented by companies, schools, governments, and organizations across the country.
Prior to joining the Institute, Carolyn was Senior Director of Tax Policy at the NAM beginning in 2011, where she was responsible for key portions of the NAM’s tax portfolio representing the manufacturing community on Capitol Hill and in the business community and working closely with the NAM membership. She served as the Director of Legislative and Government Affairs at the Telecommunications Industry Association, Manager of State and Federal Government Affairs for 3M Company, and in various positions on Capitol Hill including as Legislative Director for former U.S. Senator Olympia Snowe (R-ME), and as a senior legislative staff member for former U.S. Rep. Sue Kelly (R-NY).
Carolyn is a graduate of Gettysburg College in Gettysburg, Pennsylvania graduating with a B.A. in Political Science. She resides in Northern Virginia with her husband and three children.
Latest posts by Carolyn Lee (see all)
- Throwback Thursday: Twin Cities Manufacturers Come Together to Promote Women in Manufacturing - February 28, 2018
- 2017 Manufacturing Day Moments - November 30, 2017
- STEPping Up to Advance Women in the Workforce - October 24, 2017