Gino DiCaro

Fed Update: NAM discusses deregulation, tax reform

By Gino DiCaro, VP, Communications

Capitol Update, Feb. 23, 2017 Share this on FacebookTweet thisEmail this to a friend

The National Association of Manufacturers (NAM) President and CEO Jay Timmons discussed regulatory reform and tax reform on CNBC this week.

On regulations, Timmons said there are two issues. The first is “the issue of looking at the regulations on the books right now” and figuring out which ones need to be tweaked. The other issue, Timmons said, is the process: “how regulations are made in the first place.” Timmons also discussed tax reform, saying that manufacturers “want to see what the whole package looks like.” He added that manufacturers want to make sure reforms include lower taxes for small and medium size businesses.

NPR also reports Steve Inskeep spoke with Timmons on the White House meeting with manufacturing CEOs on Thursday. Timmons said that NAM Board Chair David Farr was at the meeting and presented the urgent need for regulatory reform.

Farr said the meeting included a discussion of the President’s proposed border tax. Farr said CEOs “want to see the whole package and understand the ramifications from the impact.” Farr also said he is focused on “what is the reform around total manufacturing competitiveness.”


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