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Presidents Blog

Timmons: President’s Tax Plan Will Create Opportunity, Improve Lives

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Washington, D.C., April 26, 2017 – National Association of Manufacturers (NAM) President and CEO Jay Timmons issued the following statement on President Donald Trump’s proposed tax reform plan:

“President Trump has listened to those who feel they work harder today for less or are out of a job. The president delivered on his commitment to put the force of the White House behind policies that will grow the manufacturing economy in the United States and raise standards of living for everyone in our country.

“By modernizing our tax code and making it more competitive, manufacturers—and all businesses—will find it easier to invest their next dollar and create their next job here in the United States. It can mean more jobs, better jobs and more money in their paychecks. It means lifting more people up and empowering more Americans to improve their lives.

“This is yet another item on President Trump’s list of accomplishments in his first 100 days. Of course, the work doesn’t end today. Manufacturers are committed to working with the administration and Congress to ensure the best possible pro-growth tax reform plan reaches President Trump’s desk. The NAM has waited decades for tax reform, and the need is more urgent than ever.”

Manufacturing Jobs Increase for Fourth Straight Month

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Timmons: March Jobs Numbers Continue Encouraging Trend

Washington, D.C., April 7, 2017 – National Association of Manufacturers (NAM) President and CEO Jay Timmons issued the following statement on the release of the March jobs numbers by the Bureau of Labor Statistics today:

“As manufacturing leaders discussed with President Donald Trump at the White House last week, manufacturers’ economic optimism is at a record 20-year high. Today’s numbers continue the four-month trend of increasing job growth, which manufacturers have not seen in some time.

“President Trump’s actions have certainly boosted manufacturers’ confidence in the future, and that positive change is coming. The president is rethinking red tape and addressing our regulatory burden, helping us to create American jobs and grow our economy. But we are still far from reaching our full potential. An outdated tax code, crumbling infrastructure and excessive regulations make it unnecessarily difficult to compete and win against overseas competitors.

“Manufacturers expect to see action on bold solutions for regulatory reform, infrastructure investment and tax reform, among other issues. We have shared our proposed path forward with the president and Congress and look forward to continuing to work with them to ensure manufacturing’s best days are still ahead.”

Read more about the NAM’s visit with President Trump last week here.

Media Contact: Jennifer Drogus, (202) 637-3090

Jay Timmons Issues Remarks at Annual Ex-Im Conference

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Remarks as prepared for delivery. 

Well, good afternoon. Thank you, Scott [Schloegel] for the introduction.

And most importantly, thank you to everyone who’s here today. Your support for the Export-Import Bank is support for American workers and manufacturers in the United States.

U.S. manufacturers are strong advocates for the Ex-Im Bank because we see firsthand the difference it makes in people’s lives and livelihoods.

I’m proud to be here today not only to say “thank you,” but also to urge the administration and Congress to come together and move forward soon. Manufacturers want to see the agency fully operational again. There are jobs to create and business to win—and we don’t want to wait any longer.

So, let’s get to work.

Now, I’m honored to be joined today by a great manufacturing leader, Chuck Wetherington, president of BTE Technologies. He’s also the vice chair of our Small and Medium Manufacturers Group at the NAM.

We’re going to have a conversation, and Chuck, you’ll see, is a great champion of the Ex-Im Bank.

Let me just set the stage a little for that conversation.

As manufacturers, our message is straightforward: we need a fully operational export credit agency to level the playing field. We’re in a global economy, and 95 percent of the world’s customers live outside our borders. Our competitor nations have robust export credit agencies, and they’re beating us as a result.

If you want to make manufacturing in the United States even greater, we can’t start from a competitive disadvantage.

And we must keep in mind that it’s small businesses that are losing while we’re in a holding pattern. Some small businesses, in fact, have big deals on hold right now because the Ex-Im Bank can’t process them. And small businesses stand to lose much more the longer we wait to act. Year after year, 90 percent of Ex-Im transactions directly support small businesses.

Moreover, the deals with larger companies that the agency can’t make right now…they would also support small companies that are the suppliers for those bigger brands. And I don’t want anyone to lose sight of that as well.

The Ex-Im Bank is a great success story. And at a time when manufacturing has captured the imagination of our leaders and the American people, I know our policymakers are eager to implement a strategy that will make our companies as competitive as possible in every market. I see the Ex-Im Bank as a vital component of that strategy.

Now, even with the Ex-Im Bank in the situation that it is, we have reason to be optimistic. In fact, our recent Manufacturers’ Outlook Survey revealed that manufacturers are feeling more positive about the future of their companies than at any time in the survey’s 20-year history.

So the state of manufacturing is strong. Our industry is diversifying, increasing output and bringing us transformative technologies.

We are charting new frontiers and supporting new jobs. But we could be doing so much more.

And for the first time in a long time, that’s achievable. In addition to making progress on the Ex-Im Bank, we could see bold action on tax reform, infrastructure investment and regulatory reform.

The landscape is tough. But I believe it can be done—and it must be done.

The last major overhaul of the U.S. tax code was in 1986. Think about it: in 1986, there wasn’t internet in every home, never mind in every pocket. Fax machines were the hot technology at six minutes per page to transmit. Forget 3-D printing; we barely had color printing. And there were 86 million fewer people in the country.

Manufacturers have innovated over the past 30 years, the country and economy have transformed, but the U.S. tax system, well, it hasn’t kept pace.

To spur job creation, business tax reform must have a few essential goals:

Reduce the corporate tax rate to 15 percent, which is what the president has proposed.

Small businesses and pass-throughs should see taxes reduced as well.

We want to shift to a modern territorial international tax system.

And we want to strengthen R&D incentives and see faster deductions for capital investments.

On the regulatory front, we’ve seen many positive developments in recent weeks. But we have a long way to go. A recent NAM study found that manufacturers are subject to 297,696 federal regulations. And the cost of regulatory compliance for small manufacturers is nearly $35,000 per employee per year.

Regulatory reform—making regulations smarter, simpler and streamlined—is one of the quickest ways to create jobs and give manufacturers the confidence to expand.

We know it’s possible to have safe workplaces and environmental stewardship at the same time our economy is experiencing robust growth. If we can work together, from the Department of Labor to the EPA, we can achieve those goals.

Now on the infrastructure front, I like to think the NAM got out ahead on this one. We saw over the summer that both candidates were hot on infrastructure investment. So we said we don’t want these good intentions to devolve into the disappointments of the 2009 stimulus bill.

We released an infrastructure plan of our own, called “Building to Win.” It certainly wasn’t exhaustive, but it did point out the big problems, the economic opportunities and even the price tag and pay-fors.

I’m proud to say that the Trump campaign cited our plan favorably when laying out their vision for infrastructure last fall. Administration officials have cited it publicly since taking office. And we hear public statements from leading Democrats—and Republicans—about the type of modernization we’re calling for. So I think we have a good foundation to build on.

You really can’t overstate the urgency of the need here. Our infrastructure is not what a 21st-century economic powerhouse needs. It’s crumbling, it’s outdated, and frankly, it’s dangerous.

Millions of jobs are at stake. Without immediate action on the infrastructure crisis, the United States will lose more than 2.5 million jobs by 2025 and more than 5.8 million by 2040.

If we invest now, we will put America on a stronger foothold, better able to compete in the global marketplace for at least the next generation.

***

Now, ultimately, this all comes back to the same theme: competitiveness. We must be competitive in the global economy.

Advances in technology and transportation over recent decades have created substantial new opportunities for manufacturers in the United States to reach millions of foreign consumers.

In fact, we have seen world trade in manufactured goods quadruple over the past quarter century. Trade has never been more important to manufacturers.

Manufacturers in the United States need robust trade policies and agreements that open markets, protect U.S. property and standards and ensure strong enforcement of core rules of fairness in the global economy. We’re working on NAFTA and other issues right now so that we can make sure that our trade agreements and trade rules work as effectively as possible to grow U.S. manufacturing and jobs.

I know in this room, I’m preaching to the choir. But for all of you who are working to make the case for the Ex-Im Bank or for any of these other policy priorities, know this: the NAM is on your side. We will not back down. We will continue to lead. And if you need resources, facts or real-world stories, we can work with you.

This is our time. Manufacturing animated the presidential race. Manufacturers propelled a change election. And the president of the United States has made manufacturing in the United States his signature issue. We intend to seize the moment.

So, thank you, and Chuck, let’s have a conversation.

###

Media Contact: Jennifer Drogus, (202) 637-3090

Energy Revolution Powers Exxon Job Announcement

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Great news out of Houston today. Exxon Mobil Corporation announced it will be investing in manufacturing jobs in Texas and Louisiana—to the tune of $20 billion over 10 years. This announcement is important because it demonstrates the connection between domestic energy production and manufacturing. These investments will lead to the creation of thousands of high-paying manufacturing jobs, and it’s all made possible thanks to the domestic energy revolution.

Manufacturers depend on affordable, accessible energy to power their operations and as a raw material. Without the expanded domestic energy production of recent years, an announcement like today’s wouldn’t be possible. Across the United States, manufacturers are being empowered to expand and grow because of access to affordable energy, and America’s energy industry is boosting manufacturing jobs in the United States.

Since 2011, the National Association of Manufacturers has released a series of economic reports all showing that if the United States develops its vast energy resources, manufacturing will grow. Today’s announcement is a sign of what’s possible and a reminder that the future is bright if we continue to invest in energy development and infrastructure in the United States.

Read more about Exxon’s exciting announcement here.

President Trump Listened to Manufacturers and Is Acting Decisively on Our Solutions; This Was a Speech Americans Expect of a President

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Madison, Wisconsin, February 28, 2017 – National Association of Manufacturers (NAM) President and CEO Jay Timmons issued the below statement on tonight’s joint address to Congress by President Donald Trump. Timmons is in Madison, Wis., on the final leg of the NAM’s weeklong State of Manufacturing Tour, which has traveled the country to highlight real-world solutions to grow manufacturing:

          “Tonight, Donald Trump hit the reset button and offered a message of unity and economic opportunity. Manufacturers are grateful for his message to rekindle the American spirit. This is what the American people needed to hear. This was a speech Americans expect of a president.

          “The president demonstrated that he listened to the concerns and policy proposals from the National Association of Manufacturers. And he outlined a bold plan to act on our key priorities in order to ensure the government will be a partner in creating the economic environment we need to compete, succeed, invest and create jobs for Americans. 

          “Manufacturers are energized by the president’s proposals for competitive tax and smart regulatory reforms, as well as his call for significant investment in our nation’s infrastructure. Manufacturers are ready to stand with him as he pursues $1 trillion of long-overdue investment in infrastructure, or as he declared: a ‘new program of national rebuilding.’ Manufacturers are also ready to work with Congress and the administration on comprehensive tax reform, and we look forward to seeing the president’s plan to provide a transformational jolt for manufacturers and our economy.

          “President Trump is confidently and forcefully putting the weight of the White House behind manufacturers’ goals on our key priorities, including reducing health care costs to employers. These actions will encourage more investment and create more jobs in the United States to help lift all Americans up and leave no one behind.

         “Manufacturers will continue rolling up our sleeves and working to get deals done on our ‘Competing to Win’ agenda and help the Trump administration secure progress on our immediate priorities. The needs are urgent.

           “It is now time to put politics aside for our industry and our country, because the only red and blue in manufacturing is on the flag that hangs in every shop floor.

          “Well done, Mr. President.”

Learn more about the NAM’s Competing to Win priorities here.

-NAM-

President Trump Begins Work to Support Manufacturers on Day One

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Thank you, Mr. President. Manufacturers welcome the presidents swift move to provide no new burdens to the onslaught of regulations we have endured these past eight years. One after another, regulations—on everything from health care and energy to workplace conversations—have made keeping our doors open harder and harder.

Todays announcements are great first steps, and we hope this is a sign of more positive actions to come.

Timmons to Senate: Time to Move on Tillerson

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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

Manufacturers: Faster Job Growth Requires Action on Nominees

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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

Timmons: Perry Uniquely Suited to Lead

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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

Timmons: Tillerson Staunch Force for Dignity and Opportunity

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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.”

rex-tillerson

(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