NAM CEO Talks Tax Increases and Future of Manufacturing

May 18, 2021 - New Jersey Business Magazine

At this year’s National Association of Manufacturers’ (NAM) annual State of Manufacturing Address, NAM President and CEO Jay Timmons unveiled a new study that finds proposed tax hikes, including a 25% corporate tax rate, would lead to 1 million fewer jobs in the first two years alone.

The study also found that the average reduction in employment would be equivalent to a loss of 500,000 jobs per year over the next decade. By 2023, GDP would be down by $107 billion, by $169 billion in 20...