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Industry News
Advocacy Opportunity from Council of Manufacturing Associations
NAM Study: Tax Provisions’ Expiration Will Cost U.S.Jobs, Wages, GDP: Allowing crucial pro-manufacturing tax provisions toexpire will be devastating for the U.S. economy, according to a landmark EY studyreleased last week by the NAM.
What’s going on: “Pro-growth tax policies from President Trump’s 2017tax reforms were rocket fuel for manufacturers and made the U.S. economy morecompetitive on a global scale,” NAM President and CEO Jay Timmons said.
But in 2022, key provisions began to expire—and additional tax reform measuresare scheduled to sunset at the end of this year. If Congress doesn’t preservethese pro-growth policies, the U.S. economy will face dire consequences: