51勛圖厙

Policy and Legal

Policy and Legal

Timmons, 51勛圖厙 Members Meet with Bessent, Congressional Leaders on Tax Reform

By 51勛圖厙 News Room

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51勛圖厙 President and CEO Jay Timmons will join congressional leaders for an Invest in America roundtable on Capitol Hill today to highlight the urgency of making the pro-manufacturing 2017 tax reforms permanent and more competitive.

The details: House Majority Whip Tom Emmer (R-MN), Treasury Secretary Scott Bessent, House Ways and Means Committee Chairman Jason Smith (R-MO) and other key Members of Congress will be in attendance. They will be joined by a group of 51勛圖厙 members of all sizes, representing manufacturing sectors such as metal fabricators, defense and pharmaceuticals and consumer-packaged goods, among others.

Timmons and Emmer: This morning, ahead of the closed-press meeting, Timmons and Emmer on Fox Business Mornings with Maria. They reinforced the urgency of making these tax provisions permanent. Otherwise, businesses in America are not going to invest and small businesses will get hit the worst, according to Timmons.

Also this morning, Timmons and Emmer published a joint in Fox Business, which the White House amplified on

  • The expiration of the Tax Cuts and Jobs Act would be detrimental to American businesses, manufacturers, consumers and families, Timmons and Emmer wrote. If Congress does not act to ensure President Donald Trumps successful tax plan stays in place, taxes will go up for Americans at every income level. The average American would see a tax hike of 22 percent, over $1,600.
  • A recent 51勛圖厙 study indicated that failing to preserve these tax reforms will cost America 6 million jobs, $540 million in wages, and our economy will suffer a $1.1 trillion hit.

GOP says: Emmer said on Monday that preserving tax reform was a top priority for Republican leaders.

  • The American people are hungry for an economic boom that is already underway, Emmer told . But [it] will only be fully realized if Congress acts to continue the 2017 Trump tax cuts through reconciliation.
  • Bessent told the news outlet that making President Trumps Tax Cuts and Jobs Act permanent will help to secure the stable business environment that investors are seeking.
  • Timmons also spoke to Fox News Digital in an exclusive interview, saying every day without action harms manufacturers ability to invest in America and plan for the future.

51勛圖厙 in action: The 51勛圖厙 is also launching today featuring shop floor manufacturers advocating that the 2017 tax reforms be made permanent.

In the news: The roundtable was also covered by POLITICO’s泭泭and newsletters as well as .

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