The National Association of Manufacturers (NAM) is all in on tax reform. The legislative framework unveiled by the “Big Six” presents a tremendous opportunity for America’s manufacturers to grow, hire new workers and increase wages and benefits. Following robust engagement at the national level, capped by hosting President Donald Trump for a major address on tax reform at our board meeting and joining the president for an Oval Office proclamation signing on National Manufacturing Day, the NAM’s leadership hit the road this week to make the case for tax reform in key manufacturing states. As NAM President and CEO Jay Timmons told National Journal for its Q&A feature this week, “We’re going to make sure manufacturing workers know how important [tax reform] is to their own livelihood back in their districts.”
That effort began in earnest on Tuesday with a forum at the City Club of Chicago, where Timmons and Illinois Manufacturers’ Association President and CEO Greg Baise discussed the importance of passing tax reform with local business leaders. Timmons also traveled to Milwaukee, where he led a panel focused on tax reform with local business leaders and gave an interview to the Milwaukee Journal Sentinel:
“… [T]he tax code desperately needs an overhaul, Timmons said in an interview. ‘I am really optimistic about getting tax reform yet this year. There’s a focus in Washington like I have not seen on any issue for many, many years,’ he said. It’s been more than 30 years since the last major tax code overhaul, according to Timmons … Reforms of taxes and regulations, and infrastructure investments, are the trade group’s top priorities, Timmons said. ‘Those all add to the cost of doing business in this country,’ he said. Should Trump’s plans succeed: ‘What I can tell you is what my manufacturers are actually saying and how they are planning,’ Timmons said. ‘They are planning for growth of their own facilities, and they’re planning to hire new workers.’”
Manufacturing leaders, including Timmons and Pennsylvania Manufacturers’ Association President David Taylor, also rallied around the president’s tax reform address in Harrisburg. As the Allentown Morning Call reported:
“Standing in a Harrisburg airplane hangar before big-rig Volvo trucks and American flags, President Donald Trump touted the Republican plan to overhaul the federal tax code as a proposal that will benefit Pennsylvania truckers and an American economy he sees as strengthening …‘If he can deliver on all or even most of what he’s offering, it is going to be a real shot in the arm for American competitiveness,’ said David Taylor, president of the Pennsylvania Manufacturers’ Association.”
The NAM finished off the week strong with an address by Emerson Chairman and CEO and NAM Board Chair David Farr at the Economic Club of Minnesota, where he put opponents of tax reform on notice. As the Washington Examiner reported:
“Critics such as Farr counter that the current tax rate has resulted in the offshoring of jobs because it is often cheaper for companies to move operations overseas. ‘If you’re an opponent of tax reform, I want you to come to Minnesota or Ohio or Wisconsin and look a manufacturing worker in the eye. Tell her she doesn’t deserve a bigger paycheck. Tell her that her family doesn’t deserve to save for school and retirement. Then, tell an unemployed dad that a worker overseas deserves a job more than he does,’ he said.”
As the effort to reform our outdated tax system moves forward, the NAM and manufacturers across America will continue drive the discussion both at the grassroots level and with leaders in Washington.
Today more than 400 businesses and business organizations sent a letter to the U.S. Senate urging support for the confirmation of Wilbur Ross as secretary of commerce. Spearheaded by the National Association of Manufacturers (NAM), the letter urges swift action on Mr. Ross’ confirmation.
“We believe that Wilbur Ross will bring a unique understanding of what it takes to fuel manufacturing enterprises to this vital role,” the letter reads. “Mr. Ross has a firsthand understanding of the challenges manufacturers face to remain globally competitive in today’s economy.”
Read the full letter here.
NAM President and CEO Jay Timmons also sent a letter yesterday on behalf of the NAM offering his support for Ross’ confirmation.
“Wilbur is a businessman with extensive experience in a wide range of industries who knows firsthand what policies it takes to promote competitiveness, investment, job creation and durable economic growth,” Timmons wrote. “In particular, Wilbur has extensive experience in the manufacturing sector and understands the critical need for pro-growth trade, tax and other economic policies.”
Timmons’ letter is available in its entirety here.
As the incoming Trump administration prepares to reform and roll back many misguided federal regulations, the National Association of Manufacturers (NAM) has released a new study revealing the sheer number of business and operational hurdles that manufacturers face on a daily basis as a result of the nation’s current regulatory structure. Read More
National Association of Manufacturers President and CEO Jay Timmons issued the following statement after secretary of state nominee Rex Tillerson testified before the U.S. Senate Committee on Foreign Relations:
“As we saw today, Rex Tillerson is a proven and principled leader who is driven to serve. He will bring the valuable business perspective of a respected dealmaker to the State Department. He has the experience and character to represent our country around the world. Manufacturers urge the U.S. Senate to move swiftly and confirm Rex Tillerson as our next secretary of state without delay.”
MEDIA CONTACT: Jennifer Drogus, (202) 637-3090
National Association of Manufacturers (NAM) President and CEO Jay Timmons issued the following statement on the Bureau of Labor Statistics’ December employment data:
“Despite an increase in manufacturing employment in December, the sector lost 45,000 workers in 2016. That is unacceptable. To really accelerate job growth and fully reach our economic potential, manufacturers are looking to the incoming Trump administration to take bold actions, beginning on day one. To spur job creation right here in the United States, we want to see smart reforms on regulations, taxes, health care, energy and more. But to achieve that, we need a fully functioning government, so we are calling on the Senate to act swiftly on the president-elect’s Cabinet nominees. Unnecessary delays mean lost opportunities for manufacturers and the men and women who make things in America.”
“Manufacturers and the NAM appreciate the incoming administration’s willingness to listen to our concerns and seek our insights. If leaders on both sides of the aisle can come together, we can revitalize modern manufacturing in America—and lift our economy and country to new heights.”
CONTACT: Jennifer Drogus, (202) 637-3090
National Association of Manufacturers President and CEO Jay Timmons issued the following statement on the President-elect Donald Trump’s announcement on the creation of the White House National Trade Council under the leadership of Dr. Peter Navarro.
“Great things are on the horizon for manufacturers. Americans voted for change this election, and we’re energized by President-elect Trump’s continued strong commitment to manufacturing in the United States. Today, the president-elect sent another clear signal to the millions of Americans employed in manufacturing that they will be ‘put first’ in his administration.
“We welcome the president-elect’s decision to put action behind the force of his words with the formation of the White House National Trade Council. We look forward to working with the president-elect and Dr. Navarro to enact the policies we need to strengthen and grow manufacturing in America.”
National Association of Manufacturers President and CEO Jay Timmons issued the following statement on the nomination of former Texas Gov. Rick Perry as secretary of energy:
“Everything is bigger in Texas, and the Lone Star State’s history of energy development is no exception. As the longest-serving Texas governor, Rick Perry was the state’s chief executive during a transformative energy renaissance, making him uniquely suited to lead the Department of Energy in a Trump–Pence administration.
“As a friend of manufacturing, Gov. Perry understands the need to develop a wide range of energy sources here in the United States. Manufacturers depend on a reliable supply of domestic energy—from oil, natural gas, coal, nuclear and renewables—to build, innovate and create jobs here in America. We are encouraged that President-elect Donald Trump and Gov. Perry share our belief in encouraging the discovery and development of American energy in addition to making smart investments to improve energy efficiency.
“Strengthening manufacturing in America means getting our energy policy right, and President-elect Trump’s nomination of Gov. Perry is a promising first step.”
CONTACT: Jennifer Drogus, (202) 637-3090
National Association of Manufacturers (NAM) President and CEO Jay Timmons issued the following statement on the nomination of ExxonMobil Chairman and CEO Rex Tillerson as secretary of state:
“President-elect Donald Trump has chosen an expert negotiator to run the business of American diplomacy. A great friend to the NAM, Rex Tillerson has spent his life making deals and getting results; now he can put his incomparable experience, talents and connections to work on behalf of our entire country. Manufacturers are encouraged to see a leader from the manufacturing economy take on the role of America’s chief diplomat, and we are pleased that Rex will bring a business perspective to the State Department.
“Beyond his rockstar business credentials, Rex has been a staunch force for the dignity and opportunity of all citizens and will no doubt work to make our nation and our world a better place. For all of his stellar accomplishments, Rex and his wife Renda are incredibly humble, decent and relatable people of the highest character. I wish them both the best in this important endeavor and much success in the critical work that is ahead for Rex.”
(Left to Right) Timmons, Tillerson and Tenneco Inc. Chairman and CEO and NAM Board Chair Gregg Sherrill. Photo by David Bohrer/NAM
CONTACT: Jennifer Drogus, (202) 637-3090
Following the announcement by the U.S. Army Corps of Engineers to not grant an easement to the Dakota Access Pipeline to cross under Lake Oahe, there continues to be headlines and rhetoric advertising the project’s demise. But a number of the United States’ top-tier editorial boards understood that this decision is more than the headlines suggested.
First an editorial out by The Wall Street Journal discussed the exhaustive consultations between the company, native tribes and regulators that resulted in a finding of “no significant impact” and highlighted that the Corps’ decision “has jeopardized its integrity and created a legal quagmire by requiring an exhaustive new environmental impact statement that considers alternative routes.”
Another piece by USA Today touted the importance of the project stating:
“It would be the first major pipeline bringing access to the Bakken oil fields that have been so much a part of America’s energy production renaissance…pipelines fill a vital need for the economy and for America’s energy security and therefore need to be built.”
It also noted how attempts by environmentalists to thwart this project are not the proper way to reach climate change goals, noting that [this decision] “will have little impact on the environment beyond their immediate environs.”
Finally, the most recent article by the The Washington Post’s editorial team, titled “A False Victory at Standing Rock,” recapped the lead-up of activity to the decision and put this recent announcement into perspective echoing USA Today’s sentiments:
“No matter how big the issues activists attached to them, these pipelines, at their core, are nothing more than routine infrastructure projects, thousands of which underpin the U.S. economy. The approval or denial of one or two will do little to cure global oil addiction or right generations of harm to tribal groups.”
This decision and its coverage is a key example of why this debate needs a robust and honest discussion about our nation’s infrastructure. The reality is manufacturers have benefited significantly from access to this clean, safe and affordable energy source. But we need to further invest in our nation’s energy infrastructure projects to deliver natural gas to businesses and communities across the nation to strengthen our advantage in this increasingly competitive market.
It’s time for stakeholders who will truly benefit from these projects to raise their voices and tell our new administration that to have further growth and success, Americans will need infrastructure to ensure that the nation’s ample supply of resources are delivered efficiently, safely and securely to the end users who need it.