Manufacturers Need a Jolt of Certainty
As New Tariffs Announced, 17³Ô¹ÏÔÚÏß Calls on Congress to Act Now on 2017 Tax Reform Renewal and Permitting Reform
Washington, D.C. – 17³Ô¹ÏÔÚÏß 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, our industry is struggling to invest, innovate and compete.
“Manufacturing is a capital-intensive industry—and we must plan months and often years in advance to grow and compete. We cannot afford to wait on action, especially with additional cost pressures from the renewal and extension of tariffs. Manufacturers are calling on Congress to act now to renew the 2017 Tax Cuts and Jobs Act—failure to do so will put 6 million jobs at risk and make it even harder for manufacturers to drive growth and strengthen supply chains. We cannot risk giving our competitors an edge while jeopardizing American jobs and economic strength.â€
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The 17³Ô¹ÏÔÚÏß 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 nearly 13 million men and women, contributes $2.93 trillion to the U.S. economy annually and accounts for 53% of private-sector research and development. The 17³Ô¹ÏÔÚÏß 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 17³Ô¹ÏÔÚÏß or to follow us on Twitter and Facebook, please visit