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NAM: Economic Growth Depends On Comprehensive Tax Reform

Thu, 02/27/2014 - 2:13pm

Manufacturers Call Release of Comprehensive Package a Major Step Toward Enacting Reform

WASHINGTON -- National Association of Manufacturers (NAM) Vice President of Tax and Domestic Economic Policy Dorothy Coleman issued this statement in response to House Ways and Means Committee Chairman Dave Camp’s (R-MI) release today of a discussion draft on comprehensive tax reform:

“Today’s release by Chairman Camp is a major step toward enacting comprehensive tax reform, and manufacturers look forward to working with the committee to ensure the best outcome. Comprehensive reform carries with it serious effects on our economy, along with the potential to unleash significant growth if done well. Federal tax revenues account for nearly one-fifth of GDP, and any change needs to be looked at very carefully. The NAM will be examining the draft closely, working with our members to ensure that comprehensive tax reform will result in placing manufacturers and the entire U.S. economy on a path to growth, job creation and competitiveness.”

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 12 million men and women, contributes $2.03 trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for two-thirds 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.

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