Manufacturers say pro-growth budgets are essential.
Press Release Summary:
Aric Newhouse, NAM Senior VP of Policy and Government Relations, issued statement regarding ongoing budget debate in U.S. Senate. According to Newhouse, a budget that attempts to fix fiscal woes through tax increases will hurt manufacturers and the economy, while ignoring underlying cause of problems – unsustainable entitlement programs. Rather than $1 trillion in tax increases, they need comprehensive tax reform that will result in simpler, fairer code to drive growth in U.S.
Original Press Release:
Manufacturers: Budgets Must Be Rooted in Pro-Growth Policies
$1 Trillion in Tax Increases Won’t Fix Fiscal Problems
Washington, D.C., - National Association of Manufacturers (NAM) Senior Vice President of Policy and Government Relations Aric Newhouse issued a statement regarding the ongoing budget debate in the U.S. Senate.
“A pro-growth budget is essential to our success as a nation. After years of stalled recovery, every fiscal decision we make should be rooted in growing our economy. A budget that attempts to fix our fiscal woes through tax increases is misguided and wrong. Unfortunately, the budget proposal before the Senate would do exactly that. The tax increases in this budget are a regressive step that will hurt manufacturers and the economy, while ignoring the underlying cause of our problems – unsustainable entitlement programs. We will see job creators put plans on investment, hiring and growth on hold, resulting in a less competitive America.
Manufacturers have released a Growth Agenda that shows policymakers the path to a manufacturing resurgence. Rather than $1 trillion in tax increases, they need comprehensive tax reform that will result in a simpler, fairer code to drive growth in the U.S. If Washington budgets with growth as its ultimate goal, manufacturing, and our economy, will be strengthened.”Â
Manufacturers sent a Key Vote letter to the Senate on Amendment 156 to S. Con. Res. 8 offered by Senators Grassley (R-IA), Enzi (R-WY) and McConnell (R-KY).
An additional letter was sent to the Senate expressing NAM policy positions on the budget and its associated amendments.
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.
