Timmons and Taylor: President’s Tax Plan Will Spur Economy in Pennsylvania and Across the Country

NAM Media Relations

Washington, D.C., October 11, 2017 – National Association of Manufacturers (NAM) President and CEO Jay Timmons and Pennsylvania Manufacturers’ Association (PMA) President David Taylor released the following joint statement on President Donald J. Trump’s tax reform rally in Harrisburg, Pennsylvania:

“President Trump is absolutely right that his tax plan would be ‘rocket fuel’ for the economy in Pennsylvania and across the country. Manufacturers are all in for tax reform with plans to hire more workers in America, expand operations in America and invest in America—if our leaders come together to achieve bold reform.

“Senators Casey and Toomey have the chance to give workers in the Keystone State a raise, while helping families improve their quality of living and save for the future. The current tax code lets other countries win, so there is no excuse for supporting the status quo. Opposing tax reform means opposing larger paychecks for workers and opposing more manufacturing in the United States. Other countries have modernized their tax code to attract new business and create new jobs. It’s time for America to lead the way. It’s time for Congress to pass tax reform.”

The NAM recently released the results of the Manufacturers’ Outlook Survey for the third quarter of 2017, which showed that the promise of tax reform that will spur growth has led to the highest three-quarter average of manufacturer optimism ever recorded by the NAM. A strong majority of manufacturers who took part in the recent survey said a pro-growth tax reform package would make them more likely to expand their business (64.3 percent), hire more workers (57.3 percent) and increase employee wages and benefits (52.2 percent). Further information on the survey is available here.