The National Association of Manufacturers (NAM) announced in a letter to members of the U.S. House of Representatives on Wednesday that it will key-vote H.R. 1, the Tax Cuts and Jobs Act. The NAM will take this vote into consideration when calculating its record of support for pro-growth, pro-manufacturing policies.
In the letter, NAM Senior Vice President of Policy and Government Relations Aric Newhouse lays out the five elements of tax reform that will benefit America’s manufacturers:
“H.R. 1 includes five key elements that NAM members believe will set the stage for manufacturing growth: a lower corporate rate, reduced rates on business income earned by pass-through entities, a territorial tax system, robust incentives for capital equipment purchases and retention of tax incentives for research and development.”
“America’s manufacturing workers need bold tax reform to not just better their job prospects but also to better their lives. We are counting on you to lift these hardworking men and women up and not let them down,” he wrote. “With this vote, you have the ability to improve manufacturers’ global competitiveness, grow the economy, spur investment and create more well-paying manufacturing jobs.”
You can learn more about the NAM’s congressional voting record here.
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