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News & Press: Industry

NAM Sharing Data With White House On How Tax Reform Is Helping Manufacturers

Monday, February 5, 2018   (0 Comments)
Posted by: Alyce Ryan
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The AP (1/31, Miller) reports that now that tax reform has been enacted, President Trump is engaged in demonstrating its economic impacts, adding that the President "needs to show that Republicans are delivering on long-promised tax relief.” On Wednesday, Trump "welcomed to the White House seven representatives of companies that have passed on the benefits of the tax law to their employees,” referring to the tax cuts as "not crumbs.” While Trump was meeting with workers, Vice President Mike Pence "was talking up the tax cuts to workers at a manufacturing company in West Virginia.” White House Spokesman Josh Raffel said, "The best way to look at how we are going to promote, explain and highlight the benefits of tax reform is to look at how we worked to pass tax reform.” The AP also writes that "outside groups that promoted the law are lining up to help the White House sell it,” adding that "Jay Timmons, the president and CEO of the National Association of Manufacturers, said ‘now it’s up to business to deliver’ on the promises they made as they advocated for their tax breaks.” Timmons adds that the NAM "has asked its 14,000 members for data on how the legislation has improved their businesses and the lives of their employees and is preparing to share it with the White House and congressional leadership,” adding that "our manufacturers are feeling optimistic.” USA Today (1/31, Korte) reports that "more than 2.5 million employees work for companies that have given out bonuses following the tax cut legislation – something Trump said was an unexpected benefit to the legislation.” 

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