Original Press Release
NAM's Executive Board Meets with House Budget Chairman
Press release date: June 5, 2012
NAM's Leadership Team Stresses Need for Lower Taxes to Boost U.S. Manufacturing Economy
Washington, D.C., - National Association of Manufacturers (NAM) Board Chair Mary Andringa, president and CEO of the Vermeer Corporation, and NAM Board Vice Chair Doug Oberhelman, chairman and CEO of Caterpillar, Inc., issued the following statement after House Budget Committee Chairman Paul Ryan (R-WI) addressed the NAM's Executive Committee on issues important to manufacturers.
"We appreciate that Chairman Ryan took the time to engage in a productive discussion about the policies that will enable the United States to grow our economy and thrive in the global marketplace. The poor jobs numbers this month reflect that our economy continues to struggle and it's critical that we implement policies that create conditions that lead to job growth. As we have consistently told Congress and the Administration, it is essential that Washington prevents the massive tax increases looming over manufacturers at the end of this year. Additionally, we need to implement a competitive territorial tax system and bring down both corporate and individual tax rates through comprehensive tax reform to lower the 20 percent cost disadvantage manufacturers face compared to our global competitors.
Manufacturers have long advocated a plan that will make the United States the best place in the world to manufacture, expand our access to the world's markets and drive innovation. On behalf of the 12 million men and women working in manufacturing, we look forward to continuing our work with congressional leaders like Chairman Ryan to accomplish these goals together."
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.
Matt Lavoie; (202) 637-3085