At the NAM’s September board meeting, President Trump declared tax reform would be “rocket fuel” for the economy. Indeed, in the first survey since enactment of the historic tax reform bill, 93.5 percent of respondents registered a positive outlook for their company, the second highest level recorded in the survey’s 20-year history. Additionally, optimism among small manufacturers registered its highest level ever recorded with a reading of 94.5 percent.
Optimism is High Following Tax Reform
Tax Reform Fuels Manufacturing Growth and Investment
“Empowered by tax reform and regulatory relief, manufacturers are now investing in our people through new jobs, higher wages, bonuses and growing our operations right here in the United States. We’re delivering on our promises—despite what the doubters, deniers and detractors said. To keep this momentum going, to take us to the next level, manufacturers now want to see action on infrastructure, further regulatory relief and more opportunities to sell our products overseas. Manufacturers are proving that when the President and lawmakers deliver on policy, we will deliver for the American people.”NAM President and CEO Jay Timmons
Content Source: http://www.nam.org/outlook/Manufacturing, News