NAM Statement on Tax Cuts and Jobs Act Signing

Timmons: We’ve Been Given License to Compete More Fiercely in the Global Economy, and We Are Going to Ensure That We Lift Up More Working Families.

Washington, D.C. – National Association of Manufacturers (NAM) President and CEO Jay Timmons released the following statement on the signing of the Tax Cuts and Jobs Act into law:

“President Trump and Congress have delivered on their promise to pass tax reform that will empower manufacturers to create jobs, improve the quality of life and build more in America. Now manufacturers will deliver. Throughout this debate, we said we will hire more workers, create more well-paying jobs, invest more in America and raise wages. We’ve been given license to compete more fiercely in the global economy, and we are going to ensure that we lift up more working families.

“We had the highest corporate tax rate in the industrialized world. That was unacceptable, and there was nothing competitive about that. Now we have a real shot for more investment coming into America. By providing relief to small businesses especially, Congress has strengthened the heart of the modern manufacturing economy.

“Throughout the long process of tax reform, leaders in the administration, the House and the Senate listened to manufacturers from across the country. And we trust they will continue to listen in the years ahead as we propose additional reforms that will make us even more competitive. This bill isn’t perfect, and the NAM is calling for a report every three years on our competitive position that compares us to the rest of the world in terms of our tax code. Countries know America is reclaiming our competitive edge, and they will certainly ramp up their efforts to take away our gains. We can’t afford to wait another 31 years before we address our tax system again.

“Tax reform was a core component of manufacturers’ agenda, which still includes regulatory reform, infrastructure investment, expanded trade and more. But with tax reform, history has been made, and as a result, the future of manufacturing and manufacturing workers in America is even brighter.”


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. The NAM is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit

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