TROY, MI – The head of the National Association of Manufacturers today praised the administration of President Donald Trump, saying its policies have given manufacturing more confidence.
“Today, we’re going for the gold,” Jay Timmons, president of NAM (Washington) said during a speech at the Troy, MI, headquarters of Automation Alley, a trade association. “Manufacturers and manufacturing workers haven’t had a president so focused on our success.”
The speech was the first stop at NAM’s annual State of Manufacturing Tour. The tour includes stops in eight states through Feb. 22.
Timmons said Trump “transformed the business climate in rapid succession.” He cited the business tax cut enacted in December. It reduced the business tax to 21% from 35%.
“Now manufacturers are empowered to compete,” Timmons said.
The tax cut will enable manufacturers to invest in more jobs and facilities, the NAM president said. “This is a promise. We will deliver.”
Trump ran for president in 2016, pledging to boost manufacturing jobs and revamp US trade policies.
The administration today also released details of a plan to spur $1.5 trillion in spending over a decade on roads, airports, water projects and other infrastructure. The plan calls for using about $200 billion in federal funds. The US government’s participation would be capped at 20% of projects, leaving states and private entities to fund the rest.
The plan also calls for shortening regulatory approval for projects to two years or less. Prospects for the proposals are uncertain. Passing legislation tends to be more difficult during election years.
‘Next Big Thing’
“For too long, lawmakers have invested in infrastructure insufficiently, ignored critical needs and allowed it to deteriorate,” Trump said in a letter accompanying the proposal. “As a result, the United States has fallen further and further behind other countries.”
NAM’s Timmons endorsed the plan during his Automation Alley appearance.
“Infrastructure is the next big thing,” he said. “It’s time to build it. It’s time to rebuild it.” The plan “is the kind of leadership manufacturers have invited for a long time.”