In celebration of Manufacturing Day on October 5, US Speaker of the House Paul Ryan joined National Association of Manufacturers (NAM) President and CEO Jay Timmons, and Dixon Valve & Coupling Company Chief Executive Officer Richard Goodall at Dixon Valve & Coupling Company in Chestertown MD to highlight manufacturing’s profound impact on the economy and to discuss the industry’s need for tax reform.
“On Manufacturing Day, America’s dreamers, doers, and makers open our doors to modern manufacturing and unveil the opportunities that lie beyond them to students, parents, educators, and community members across the country,” Timmons said. “It is our industry’s biggest stage to recruit and inspire next-generation manufacturers to create and build their—and our—future in America. The future of manufacturing also heavily depends on enacting bold tax reform, and today is a great opportunity to bring that message directly to the American people. Getting tax reform done will secure these jobs in the United States and mean even more Americans can enjoy well-paying, high-tech, hands-on and exciting careers in modern manufacturing.”
In late September, the Trump Administration and Congressional leaders released their plan to overhaul the US tax code. The proposal, which is the most sweeping reform plan in decades, aims to slash tax rates and simplify the tax code. According to a recent NAM study of manufacturers, a majority said they would expand their businesses, hire more employees, and increase employee wages and benefits if pro-growth tax reform passed.
“Tax reform is long overdue, so it’s encouraging to see this country addressing this as a top priority,” said Goodall. “With a lower tax rate and a more globally competitive tax system, we will be able to reinvest in the business to drive innovation of our products, modernization of our manufacturing process, and invest in our people. This would not only create higher skilled, higher paying job opportunities, but also enable us to better train for those jobs.”
First held in 2012 along with the Fabricators & Manufacturers Association, International, Manufacturing Day gives manufacturers the opportunity to address the skills gaps they face, connect with future generations, take charge of the public image of manufacturing and ensure the ongoing prosperity of the industry as a whole. Learn more about Manufacturing Day and the significant impact this event has across the nation at www.mfgday.com.