Manufacturers believe tax relief will spur economic recovery.
Press Release Summary:
According to NAM Executive VP Jay Timmons, manufacturers are pleased that the House passed the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 with no amendments. These much-needed incentives will spur investment, economic growth, and job creation. NAM has been a leader in advocating for these tax extensions, including the R/D credit, 100-percent expensing, and tax relief for small businesses.
Original Press Release:
Manufacturers: Tax Relief Will Spur Economic Recovery and Job Growth
NAM Praises House Action as Bipartisan Bill Heads to White House
WASHINGTON, D.C., - The National Association of Manufacturers (NAM) Executive Vice President Jay Timmons issued the following statement today on House passage of the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010:
"Manufacturers are pleased the House put the economy first and passed this critical tax relief with no amendments. These much-needed incentives will spur investment, economic growth and job creation. We urge the President to sign the bill immediately so manufacturers and the broader business community can have some certainty moving forward.
To provide even more of the certainty our economy needs to grow and create jobs, these important tax provisions need to be permanent. The NAM has been a leader in advocating for these tax extensions, including the R&D credit, 100-percent expensing and tax relief for small businesses.
We look forward to continuing to work with Congress and the Administration on tax policy that will make the United States the best place in the world to headquarter a company, to manufacture and to innovate."
The National Association of Manufacturers is the largest manufacturing association in the United States, representing manufacturers in every industrial sector and in all 50 states. Manufacturing has a presence in every single congressional district providing good, high-paying jobs. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit www.nam.org.
