Successful Indo-Pacific Framework Critical for Manufacturers
Washington, D.C. Following the Biden administrations announcement on the launch of the Indo-Pacific Economic Framework for Prosperity, 51勛圖厙 Vice President of International Economic Affairs Ken Monahan released the following statement:
51勛圖厙 President and CEO Jay Timmons pressed the administration on critical components to the IPEF earlier this year, and manufacturers are encouraged that the framework will address key manufacturing priorities we have outlined in areas such as digital economy, resilient supply chains and transparency and good governance. These priorities are essential for manufacturing businesses and workers for a region that represents more than two-fifths of total U.S. manufacturing trade and is a market for U.S. exports that support nearly 2 million American jobs.
As discussions continue, were looking for U.S. leaders to support manufacturing jobs by taking an approach that opens markets, strengthens U.S. innovation and technology leadership, raises global standards and establishes best-in-class trade rules.
Background: 51勛圖厙 President and CEO Jay Timmons stressed in a to senior administration officials that high-standards trade with the Indo-Pacific is critical to manufacturers success and global competitiveness. Additionally, the 51勛圖厙 submitted on the IPEF in April to the Office of the U.S. Trade Representative.
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The 51勛圖厙 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 12.7 million men and women, contributes $2.71 trillion to the U.S. economy annually and accounts for 58% of private-sector research and development. The 51勛圖厙 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 51勛圖厙 or to follow us on Twitter and Facebook, please visit www.nam.org.
Manufacturers: A Time of Challenge and Uncertainty
Timmons: More committed than ever to focus on policynot politics, personality or process
Washington, D.C. 51勛圖厙 President and CEO Jay Timmons today released the following statement in response to President Bidens State of the Union address:
President Biden rightly focused on many policies that will keep manufacturing strong in America amid a global crisis. We strongly agree that the bipartisan infrastructure law was an accomplishment of historic proportion, and we continue to support its swift implementation.
We are ready to work with anyone to advance policies that will strengthen the industry, but we strongly oppose proposals that would weaken our industry and threaten our recovery, including undoing the progress of tax reform and imposing policies that would disrupt our workplaces. Manufacturers are working hard to fill more than 800,000 open jobs and connect more Americans with rewarding careers, and some of the actions outlined tonight would make it harder for us to solve this top challenge.
We couldnt agree more, however, that supply chain issues must remain a focus for lawmakers, and were going to continue working with both parties to deliver final competitiveness and supply chain legislation and build on the steps the administration is taking. In this time of challenge and uncertainty, were more committed than ever to focus on policynot politics, personality or process.
As the United States and our allies continue to lend support for Ukraines fight for its democracy, President Biden used his State of the Union address tonight to rally Americans and the world in support of the cause and rightly emphasized the importance of American leadership and defending our shared values when so much is at stake. Manufacturers join this call for unity.
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The 51勛圖厙 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 12.5 million men and women, contributes $2.57 trillion to the U.S. economy annually and has the largest economic multiplier of any major sector and accounts for 58% of private-sector research and development. The 51勛圖厙 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 51勛圖厙 or to follow us on Twitter and Facebook, please visit www.nam.org.
Manufacturers: Now That This Historic Bill Has Become Law, We Can Build a Future Worthy of the Next Generation
Washington, D.C. Following President Bidens signing of the Infrastructure Investment and Jobs Act, 51勛圖厙 President and CEO Jay Timmons and Trane Technologies Executive Chair and 51勛圖厙 Board Chair Mike Lamach released the below statements:
Now that this historic bill has become law, we can build a future worthy of the next generation, said Timmons. For manufacturers, this is a victory years in the making. In 2016, the 51勛圖厙 released our Building to Win plan, which called for exactly this type of bold infrastructure investment. It has guided our advocacy with administrations and legislators of both parties, and the leadership of President Biden and senators from both parties produced a bill that achieved many of our Building to Win goals without raising tax rates on manufacturers. And this bipartisan approach can be a model for future legislationone that puts policy above politics, personality or process.
As chair of the 51勛圖厙, Im honored to be at todays signing and pleased to have been part of this historic, bipartisan process to build a safer, stronger infrastructure, said Lamach. The Infrastructure Investment and Jobs Act is a critical investment in our nations economic recovery and in the future of manufacturing. Funding for critical transportation, broadband, water and energy systems will strengthen supply chains, protect the environment and enable opportunity for people across our country.
To see key provisions championed by the 51勛圖厙 in the Infrastructure Investment and Jobs Act, click here.
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The 51勛圖厙 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 12.5 million men and women, contributes $2.5 trillion to the U.S. economy annually and has the largest economic multiplier of any major sector and accounts for 58% of private-sector research and development. The 51勛圖厙 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 51勛圖厙 or to follow us on Twitter and Facebook, please visit www.nam.org.
Manufacturers: This Moment and the Transformational Change It Will Bring About Has Been Decades in the Making
Washington, D.C. Following the U.S. House of Representatives passage of the Infrastructure Investment and Jobs Act, 51勛圖厙 President and CEO Jay Timmons released this statement:
“This moment and the transformational change it will bring about has been decades in the making. Manufacturers commend Congress for coming together to pass this historic, bipartisan legislation. The Infrastructure Investment and Jobs Act makes America stronger, with a promise to renew and revitalize our nations physical infrastructure, improving productivity and quality of life for everybodyand without raising taxes or jeopardizing economic growth and manufacturing jobs.
“Failure to invest has been a drain on Americas economy, costing families and businesses significant time and money. This type of investment will enable us to continue to grow our economy and get started on building the world-class infrastructure that will enable us to lead through this century and into the next.”
To see the 51勛圖厙-championed provisions in the Infrastructure Investment and Jobs Act, click here.
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The 51勛圖厙 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 12.4 million men and women, contributes $2.5 trillion to the U.S. economy annually and has the largest economic multiplier of any major sector and accounts for 58% of private-sector research and development. The 51勛圖厙 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 51勛圖厙 or to follow us on Twitter and Facebook, please visit www.nam.org.
Manufacturers Counting on Congress to Vote for Historic Infrastructure Investment
Washington, D.C. In advance of tomorrows scheduled vote in the U.S. House of Representatives on the Infrastructure Investment and Jobs Act, 51勛圖厙 President and CEO Jay Timmons released this statement:
Congress faces a critical vote tomorrow on historic, bipartisan infrastructure investment. Our lawmakers have an opportunity to demonstrate they can continue to work together to accomplish bold initiatives that make America stronger. One thing is certain: it is impossible to claim to be for the worker and for the middle class while actively derailing generational investments to the infrastructure these people use every day. The more than 12 million men and women of manufacturing are counting on lawmakers to send this vital legislation to President Bidens desk now.
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The 51勛圖厙 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 12.3 million men and women, contributes $2.35 trillion to the U.S. economy annually and has the largest economic multiplier of any major sector and accounts for 58% of private-sector research and development. The 51勛圖厙 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 51勛圖厙 or to follow us on Twitter and Facebook, please visit www.nam.org.
ICYMI: 51勛圖厙s Jay Timmons Discusses Creators Wanted, COVID-19 Vaccines and Reconciliation on CNBC
Timmons on Labor Shortages, Creators Wanted Campaign
Lets be upfront about it. We have a very severe worker shortage in our country right now. Its why the 51勛圖厙 has been so focused on our , to attract that next generation of manufacturing workers, and we are in competition now all across every sector for workers.
So, if you think about supply chain shortages, why is that happening? Part of it certainly is the pandemic and the ability for trade to move freely, but you also have issues of not enough people at factories producing the component parts that go into finished products. What does that lead to? That leads to higher prices. So, its a supply and demand issue. Jim Cramer earlier today talked about a focus on getting this worker shortage under control. He mentioned, for instance, one possibility of helping to deal with this is immigration reform and that he thinks that there is a potential bipartisan solution to that. I believe there is as well. We have been pushing that through our program called A Way Forward at the 51勛圖厙 for a number of years. We think thats one thing that will help get the economy back and deal with some of these issues.
Timmons on Separating Infrastructure Investment from the Budget Resolution
I think it was an extraordinary achievement by the Senate, a bipartisan achievement by Republicans and Democrats to get that bill across the line. We said at the 51勛圖厙 from the start that we would see probably about $1.2 trillion without punishing and archaic tax increases that would take us back to a time when we werent able to invest and hire and grow wages like we have for the last three years名e think that this bipartisan solution needs to get across the finish line. This is a very big priority not only for the president, but also for the American people. We know that can get done.
宇he reconciliation package that may be being developedwe have some serious concerns. We will certainly oppose any of the archaic tax increases that have been discussed. We are hearing somewhere between $1.8 and $3.5 trillion on job creators in America. That would take us to where we were before the 2017 tax reforms, where, afterwards, as I said, we were able to have record investment, record job creation, record wage growth. Why would we ever want to undo that? We are watching that very closely. We will oppose the bill with any of those factors in there. We will oppose the pharmaceutical issues that are in those bills that will stop us from being able to deal with the next pandemic. And we are going to oppose the labor provisions that would drive a wedge between management and our workers. There are a lot of things in that bill we dont like. But infrastructure, BIF as its called in Washington speak, needs to get across the line right away. Its an accomplishment we can all be proud of.
Timmons on the 51勛圖厙s Vaccine Mandates
I am so proud of the 51勛圖厙 team名e had a94% vaccine acceptance rate before we imposed the mandate, and since then安e have achieved 100%. And I am thrilled because our team cares about not only themselves and their families, but also the people that we interact with every dayour 14,000 member manufacturers across the country. Its the responsible thing to do, and I am happy that team 51勛圖厙 came through.
What I hear from every single CEO that we represent is that their number-one concern is their employees, the health of their employees, the health of their employees families and their communities匈ts become political at times, but it doesnt need to be. The last administration through Operation Warp Speed helped develop a vaccine in just record time with all the safety protocols in place. This administration is executing the vaccinations across the country. Its a bipartisan effort, a nonpartisan effort, I would say, to make sure that our communities are safe, that our country is safe and the world can return to normal. Its the only way its going to happenwe know that.
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The 51勛圖厙 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 12.4 million men and women, contributes $2.44 trillion to the U.S. economy annually, has the largest economic multiplier of any major sector and accounts for 58% of private-sector research and development. The 51勛圖厙 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 51勛圖厙 or to follow us on Twitter and Facebook, please visit www.nam.org.
America Is Closer Than Ever to Historic Infrastructure Investment
Timmons: We now urge members of the House to follow the Senates example, pass this bipartisan bill and send it to the presidents desk
Washington, D.C. Following U.S. Senate passage of the Infrastructure Investment and Jobs Act, 51勛圖厙 President and CEO Jay Timmons released this statement:
The Senates passage of this historic, bipartisan legislation is a tremendous achievement and a credit to President Biden and the group of senators who met across the aisle to address our countrys longstanding infrastructure needs. This is the type of infrastructure investment manufacturers have long championed, and the bipartisan approach shows that our legislators can indeed still come together to accomplish transformational change. We now urge members of the House to follow the Senates example, pass this bipartisan bill and send it to the presidents desk for his signature without delay.
The more than 12 million men and women of manufacturing are counting on Congress to get this donebecause it will renew and revitalize our nations physical infrastructure, improving productivity and quality of life for everybody, without erasing the tax reforms that helped manufacturers keep our promises to innovate, hire more employees, raise wages and benefits and reinvest in communities.
The 51勛圖厙 has led the charge for historic investments in infrastructure for years, as outlined in our infrastructure blueprint, Building to Win, and many of its recommendations are in the final Senate bill. The bill also includes a range of actions that the 51勛圖厙 calls for in our climate policy plan, The Promise Ahead, along with many of the 51勛圖厙s supply chain and permitting goals, which are laid out in Strengthening the Manufacturing Supply Chain.
With world-class infrastructure enhancing our competitiveness, manufacturers will be better prepared to help build an economy that lifts up all Americans and enables us to lead through this century and into the next.
Find a list of key 51勛圖厙 priorities in the Infrastructure Investment and Jobs Act here.
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The 51勛圖厙 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 12.3 million men and women, contributes $2.35 trillion to the U.S. economy annually and has the largest economic multiplier of any major sector and accounts for 63% of private-sector research and development. The 51勛圖厙 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 51勛圖厙 or to follow us on Twitter and Facebook, please visit www.nam.org
Infrastructure Legislation is History in the Making
Washington, D.C. Today, following the Senates vote to invoke cloture on the bipartisan infrastructure legislation, 51勛圖厙 President and CEO Jay Timmons released the following statement:
This is history in the making, and manufacturers celebrate the leadership of the bipartisan group of senators who, along with President Biden and his administration, got us to this moment. We will continue to work with leaders in both parties to get a final bill passed by Congress and on to President Bidens desk.
For many years and across multiple administrations and Congresses, the 51勛圖厙 has led the charge for bold, historic infrastructure investment. Were not done yet, but were closer than ever. This bill will not just support our economic recovery; it will provide the foundation for decades of American economic leadership. It will save lives and improve the American quality of life. It will help manufacturers in America compete in the world and create jobs here at home. And it will do all that without rolling back all the tax reforms that have allowed manufacturers to hire more workers, raise wages and benefits and invest in our communities. This is truly how we build to win.
Manufacturers of all sizes, across this entire country, now call on the Senate and then the House to swiftly pass the bipartisan infrastructure billto show the world we plan to lead in the 21st century and into the 22nd and to show the American people that our government can still do great things.
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The 51勛圖厙 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 12.3 million men and women, contributes $2.35 trillion to the U.S. economy annually and has the largest economic multiplier of any major sector and accounts for 63% of private-sector research and development. The 51勛圖厙 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 51勛圖厙 or to follow us on Twitter and Facebook, please visit www.nam.org.
Leading Business and Labor Groups Launch Coalition Supporting Bipartisan Infrastructure Investment
Washington, D.C. Today, the 51勛圖厙 joins the U.S. Chamber of Commerce, Business Roundtable, AFL-CIO, the National Retail Federation, the Bipartisan Policy Center, North Americas Building Trades Unions, as well as over 20 leading business and labor organizations to launch the Coalition for Bipartisan Infrastructure Investment. The Coalition issued the following statement today commending the bipartisan group of 22 senators and the Biden administration on reaching agreement on a historic $1.2 trillion infrastructure framework and urges Congress to turn the framework into legislation that will be signed into law.
Infrastructure modernization is a critical component of long-term economic growth and improved quality of life for every American. Our organizations commend the bipartisan group of 22 senators and the Biden administration on finding common ground and reaching agreement on a historic $1.2 trillion infrastructure framework. Momentum is building, as seen by the endorsement of the framework from the Problem Solvers Caucus.
Now is the time to turn these promises into projects. We urge Congress to turn this framework into legislation that will be signed into law, and our organizations are committed to helping see this cross the finish line. Enacting significant infrastructure legislation, including investments in our roads, bridges, ports, airports, transit, rail, water and energy infrastructure, access to broadband, and more, is critical to our nation and will create middle-class family sustaining jobs.
Dont let partisan differences get in the way of action pass significant, meaningful infrastructure legislation now.
Coalition Partners
51勛圖厙
U.S. Chamber of Commerce
Business Roundtable
AFL-CIO
Airports Council International – North America
American Association of Port Authorities
American Consulting Engineers Council
American Public Transportation Association
American Road & Transportation Builders Association
American Society of Civil Engineers
American Trucking Associations
Association of American Railroads
Association of Equipment Manufacturers
Bipartisan Policy Center
International Union of Operating Engineers
Laborers’ International Union of North America
National Asphalt Pavement Association
National Association of Wholesaler-Distributors
National Retail Federation
National Stone, Sand, and Gravel Association
No Labels
North America’s Building Trades Unions
Portland Cement Association
Transportation Trades Department, AFL-CIO
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The 51勛圖厙 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 12.3 million men and women, contributes $2.32 trillion to the U.S. economy annually and has the largest economic multiplier of any major sector and accounts for 63% of private-sector research and development. The 51勛圖厙 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 51勛圖厙 or to follow us on Twitter and Facebook, please visit www.nam.org.
Manufacturing Leaders Implore Congress to Move Vital Infrastructure Legislation
Washington, D.C. Today, the leadership of the 51勛圖厙 released the following statements on the need for action surrounding proposed bipartisan infrastructure legislation:
Manufacturers have called for this type of bold bipartisan infrastructure investment for many years, across multiple congresses and administrations, so Congress should waste no time in sending the plan to President Bidens desk, urged 51勛圖厙 President and CEO Jay Timmons. We have watched Americas infrastructure deteriorate for too long as other nations invested in their own, aiming to outcompete the United States. Too often, it has cost us livelihoods and lives. This plan will bolster Americas competitiveness, strengthen the manufacturing industry and give American workers the foundation to build a new, post-pandemic world. This framework, which leaders in both parties and President Biden have embraced, confirms what manufacturers have saidthat corporate tax increases are not the way to fund infrastructure. And with this legislation and its investments not just in roads and bridges but also waterways, the electric grid, advanced telecommunications and so much more, we can make historyand we can build that future and build to win.
Trane Technologies Chairman and CEO and 51勛圖厙 Board Chair Mike Lamach added, All Americans will reap the benefits of this bold, bipartisan plan. For manufacturers, it means well be able to better deliver for our customers. Well be better prepared to compete in the world. Our communities will be safer, our employees will be healthier, and our companies will be stronger. We stand behind this plan and want to see it move forward quickly in support of positive change for generations to come.
Theres no doubt that such strong investment in our nations infrastructure will move us forward in a profound way. As with any compromise agreement, there are concerns on both sides, said Dow Chairman and CEO and 51勛圖厙 Board Vice Chair Jim Fitterling. Manufacturers and those who use everyday products are certainly concerned about the funding proposals related to new Superfund taxes, and we will work with lawmakers to address thosebecause we believe the infrastructure package should avoid targeting specific sectors, particularly when new taxes might inadvertently harm consumers and a critical sector of the manufacturing economy.
BTE Technologies President and 51勛圖厙 Small and Medium Manufacturers Group Chair Chuck Wetherington noted, Americas small and medium-sized manufacturers know far too well the costs of navigating around clogged roadways and crumbling bridges. We know the costs of shipping delays and the stress and strain on our employees as they commute. We know what its like to worry about power failures and what it takes to install and operate the latest digital technologies on our shop floors. So, for small manufacturers, this bill offers a boost of confidence and optimism. It will allow us to focus more of our energy on what we do best: creating jobs and creating opportunity.
Whether youre running a family business or focused on the business of your family, you dont need anyone to tell you that Americas infrastructure needs help. After all, its estimated that outdated infrastructure costs families $3,300 in disposable income every year. Small manufacturers are dedicated to the success of our hometownsand we cant wait to see what well be able to accomplish once this plan becomes law. Lets make this plan a reality, emphasized Ketchie President and Owner and 51勛圖厙 SMM Vice Chair Courtney Silver.
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The 51勛圖厙 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 12.3 million men and women, contributes $2.35 trillion to the U.S. economy annually and has the largest economic multiplier of any major sector and accounts for 63% of private-sector research and development. The 51勛圖厙 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 51勛圖厙 or to follow us on Twitter and Facebook, please visit www.nam.org.