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News & Press: Industry

NAM Statement on Signing of MTB Legislation

Friday, September 14, 2018   (0 Comments)
Posted by: Alyce Ryan
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President’s Signature Ends $1 Million a Day Tax on Manufacturers 

Written By: Michael Shapiro, Director, Strategic Communications, NAM

 

National Association of Manufacturers (NAM) President and CEO Jay Timmons released the following statement after the President signed the bipartisan Miscellaneous Tariff Bill (MTB) legislation, which was unanimously approved by the House and Senate:

“With his signature, President Trump has freed manufacturers and other businesses from a pointless $1 million a day tax. Now that the MTB is law, manufacturers can better compete against companies in China, Europe and elsewhere. This bipartisan effort delivered a win for America’s manufacturing workers, and it empowers manufacturers to continue delivering for our people and our communities.”

 

The NAM has been a leading advocate for the MTB since helping to create a new and objective process that produced this legislation last November. From meetings and media resources detailing the benefits of the MTB for manufacturers in communities across America to spearheading a letter from 150 business organizations urging the House to boost manufacturing by passing the MTB, the NAM has long worked to ensure a positive outcome of this process for our nation’s manufacturers. Click here for testimonials from manufacturers in America on the importance of the MTB.

 

About NAM 

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 $2.25 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 www.nam.org.