National business groups are preparing their policy agendas in anticipation of a new Trump administration taking office in January.

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National Manufacturers Association President and CEO Jay Timmons: “President-elect Trump, we have worked with you during your time in office to enact historic wins for the 13 million people who make things in America, to drive increased investment in the sector, create jobs and provide for communities across the country. Now it’s time to get to work to address the policies that will define your administration.”

U.S. Chamber of Commerce President and CEO Suzanne Clark: “We look forward to working with the Trump-Vance administration and Republicans and Democrats in Congress to preserve pro-growth tax policies, bring regulatory relief to business, harness the power of AI to drive American innovation, and expand an all-of-the-above energy production policy.”

Even before the final results of the presidential election were finalized, NAM pledged to work with whichever candidate was declared victorious to advance a policy agenda that encourages manufacturing sector growth. 

In a pre-Election Day open letter to the president-elect, NAM and dozens of co-signers from across the country, including Arizona Chamber of Commerce & Industry President and CEO Danny Seiden, laid out their vision for a new administration:

Three things: 

  • A robust manufacturing economy is vital to America’s national security, economic resilience, and ongoing prosperity. Furthermore, NAM seeks to restore trust in the future and in the economic systems that have long fueled opportunity and innovation.
  • America is strongest when it is collaborative across party lines. As business leaders Nam believe they have a responsibility to ensure to “advance our shared purpose.” 
  • A peaceful transition of power is an essential piece of America’s republic. To have one would be to ensure mutual respect across the aisle.

The year ahead: Manufacturing advocates in 2025 will be working to preserve several elements of the 2017 Tax Cuts and Jobs Act that are set to expire next year unless Congress acts.

As part of its Manufacturing Wins campaign, NAM has highlighted several elements of the TCJA that it believes must be preserved to avert what some members of Congress are calling a “tax armageddon.”

These include:

  • Pass-through deduction: Protect the 20% deduction that has allowed small businesses organized as pass-throughs to compete on a level playing field.
  • Corporate tax rate: Preserve the 21% corporate tax rate, which has stimulated economic activity here at home and has bolstered America’s competitiveness on the world stage.
  • Full expensing: Preserve the ability for manufacturers to immediately expense 100% of the cost of capital equipment purchases.