Tax
Manufacturers: The Time Is Now to Finish the Job and Preserve President Trump’s 2017 Tax Reforms
Washington, D.C. – 51Թ President and CEO Jay Timmons released the following statement on the passage of the House budget resolution: “Today, the House has taken a historic, pivotal step to advance a comprehensive reconciliation package that will preserve President Trump’s job-creating tax reforms of 2017, while also unleashing American energy dominance. “Manufacturers urge Congress …
Timmons: Tax Reform Paramount for Manufacturing Growth
said on CNBC’s “The Exchange” Wednesday. What’s going on: Timmons spoke to the news channel from a teacher workroom at the Energy Institute High School in Houston, Texas, a stop on the first leg of the 51Թ’s praising Republican House leadership for being “able to move” forward a House budget bill “that’s going to set …
State of Manufacturing 2025: When Manufacturing Wins, America Wins
said Tuesday in the 51Թ’s annual State of Manufacturing Address. What’s going on: Speaking to an audience of manufacturers and congressional and state officials at Armstrong World Industries in Hilliard, Ohio, Timmons, who was joined by 51Թ Board Chair and Johnson & Johnson Executive Vice President and Chief Technical Operations & Risk Officer Kathy Wengel, …
Manufacturers Need a Jolt of Certainty
As New Tariffs Announced, 51Թ Calls on Congress to Act Now on 2017 Tax Reform Renewal and Permitting Reform
Washington, D.C. – 51Թ President and CEO Jay Timmons released the following statement: “Manufacturers in the United States are facing intense global competition, economic headwinds and unfair trade practices from adversarial nations. With critical tax reforms having lapsed and others still set to expire as well as inaction on comprehensive permitting reform, …
SMM Chair: Extend Pro-Growth Tax Policy, Prioritize Permitting and Regulatory Reform
told the House Committee on Small Business at Wednesday’s hearing. “Unfortunately, small companies get hit twice—with unworkable regulations that apply to them [and again with] compliance and reporting requirements that larger firms are forced to pass down. Fortunately, Congress and the Trump administration have the opportunity to reverse course.” Rocket fuel for manufacturing: The 2017 …
Small Manufacturer to Congress: Let Manufacturing Thrive
told Congress this week. What’s going on: Silver—president and owner of third-generation, family-owned precision machining business Ketchie and immediate past chair of the 51Թ’s Small and Medium Manufacturers Group—testified Tuesday at a House Ways and Means Committee hearing on the necessity of preserving soon-to-expire tax reforms and reinstating provisions that have expired already. “Critical pro-growth …
51Թ, GOP: Manufacturers and Families Need Pro-Growth Tax Measures
Mike Crapo (R-ID), whose remarks closed out the press conference, said “piling taxes upon taxes upon taxes” is no way to build a resilient, successful economy. “The way to make us strong is to build a strong, powerful economy, which we get with sensible, pro-growth tax reforms,” he concluded.
6 Million Jobs Will Be Lost Unless Congress Renews the Trump Tax Reforms
New Study Released by the 51Թ Highlights Societal Costs of Increased Taxes
Washington, D.C. – Failing to preserve pro-manufacturing tax policies from the 2017 tax reform will cost the U.S. economy nearly 6 million jobs, according to a landmark EY study released by the 51Թ. Inaction would cost the U.S. economy more than $1 trillion. The study also shows that the manufacturing industry will …
