Timmons sets manufacturing priorities
NAM President and CEO Jay Timmons is on a U.S. tour, to build more support among leaders to address supply chain challenges, create more manufacturing jobs and make the country more resilient. He brought this message to the 2022 Arizona Manufacturing Summit in Phoenix, Arizona yesterday.
Manufacturing strength: “I’m happy to report that manufacturers are upending expectations across the United States,” Timmons said. “Here is an encouraging fact: manufacturers have now recovered all the jobs the industry lost at the start of the pandemic, and more. Over 12.8 million people work in manufacturing… And that’s because we’re doing what we’ve always done. We solve problems, we innovate and we move towards the future.
Upcoming challenges: “Inflation is at its highest level in decades,” Timmons said. “Supply chains are still tight, making it more difficult to move resources and products. Global instability, especially Russia’s war against Ukraine, shows us that it is more important than ever to secure the national energy supply.
- “We are facing a labor crisis, with less than six job seekers for every ten jobs in America. And nearly 70% of Americans today say the country is on the wrong track. Now we have seen moments of historic bipartisan action in Washington… But there is so much more to do.
Compete to win: Timmons highlighted NAM’s policy roadmap, “Competing to Win,” which provides an agenda for manufacturing competitiveness on issues such as:
- Taxes: “We need US fiscal policy to sustain and encourage more industrial investment here,” Timmons said. “So we are calling for the 20% deduction for passed-on income to be made permanent and expanded. Small and medium-sized businesses here deserve to be certain that they will not lose this essential tool. And we need to fix the tax law provisions that make R&D and capital investment more expensive starting this fiscal year. »
- Swap: “While we work on tax policy here at home, we also need to expand opportunities to sell our products overseas,” Timmons said. “Exports are part of the engine of our industry. That means policymakers should hold countries accountable for practices that harm manufacturers in the United States. We must continue to pursue cutting-edge trade agreements, while ensuring that the agreements already in place benefit our industry. And we should reject the policies of international bodies like the World Trade Organization that would suppress intellectual property rights.
- Immigration: “We need Congress to fix the broken and unreliable immigration system,” Timmons said. “Obviously we need border security and we need more ways for people to come legally and work. It is essential to our economic competitiveness and consistent with our values.
The path to follow: “It can be disheartening to know that so many Americans don’t believe the country is on the right track,” Timmons said. “But focusing on politics – getting things done rather than blaming each other – can change that. And manufacturers are positioned to lead. The work we do to create jobs and improve the quality of life is essential, and we cannot let it go. We won’t give up.