We’ve said it before and we’ll say it again: Tax reform is all about delivering more jobs, fairer taxes, and bigger paychecks.
A new survey from the National Association of Manufacturers (NAM) confirms that tax reform will encourage a majority of American manufacturers to raise wages and hire more workers.
As the report explains, “Manufacturers are optimistic about the chance that long-sought-after comprehensive business tax reform will be enacted into law. . . . In general, the survey results and comments indicate support for a simpler and modern tax code that would allow manufacturers to be more competitive in the global marketplace. Along those lines, nearly 65 percent of respondents said that comprehensive business tax reform would encourage their company to increase capital spending (Figure 6). This was closely followed by significant proportions suggesting that they would expand their businesses (64.3 percent), hire more workers (57.3 percent), increase employee wages and benefits (52.2 percent), and invest more dollars in the community (34.2 percent).”
This is a major reason why it is so important we get tax reform done. A more business-friendly tax code means more take-home pay for hardworking Americans, less hassle for families, and a stronger economy for our future.
To learn more, visit speaker.gov, read the unified tax reform framework, and watch Speaker Ryan’s address to The Heritage Foundation about the historic choice we face on tax reform live at 8:45 a.m. ET tomorrow morning at speaker.gov/live.