NAM urges Senate to vote against 2010 Budget Resolution.
Press Release Summary:
According to NAM VP for Tax and Domestic Policy, Dorothy Coleman, NAM opposes conference report on Fiscal Year 2010 Budget Resolution. While NAM appreciates recognition in budget blueprint of need for pro-growth tax relief, massive potential tax increases envisioned in Resolution would overwhelm any economic growth generated by this relief. Tax increases would cost manufacturing jobs and limit competitiveness, driving American companies into even more difficult economic situation.
Original Press Release:
NAM Urges Senate to Vote Against 2010 Budget Resolution
Potential Tax Increases Would Overwhelm Economic Growth
WASHINGTON, D.C., April 29, 2009 - In anticipation of a vote in the Senate later today, National Association of Manufacturers (NAM) Vice President for Tax and Domestic Policy Dorothy Coleman made the following statement opposing the 2010 budget resolution:
The National Association of Manufacturers (NAM), the nation's largest industrial trade association, opposes the conference report on the Fiscal Year 2010 (FY2010) Budget Resolution (S. Con. Res 13).
We appreciate the recognition in the budget blueprint of the need for pro-growth tax relief, including the extension of expiring tax relief provisions. At the same time, the massive potential tax increases envisioned in the Resolution would overwhelm any economic growth generated by this relief. These tax increases would cost manufacturing jobs and limit our competitiveness, driving American companies into an even more difficult economic situation.
On behalf of NAM members, I strongly urge you to vote against final passage of the conference report on the FY 2010 Budget Resolution. We remain committed to working with Congress to restore our nation's economy and grow and retain jobs. The conference report on S.Con.Res.13, unfortunately, would take us in the opposite direction.
The National Association of Manufacturers is the nation's largest industrial trade association, representing small and large manufacturers in every industrial sector and in all 50 states. Headquartered in Washington, D.C., the NAM has 11 additional offices across the country. Visit the NAM's web site at www.nam.org for more information about manufacturing and the economy.
CONTACTS: HANK COX (202) 637-3090
