Don’t throw a tax wrench in the gears

The Washington Post Sunday - - SUNDAY OPINION -

The Nov. 26 ed­i­to­rial “How to win on taxes” called for a “re­order­ing” of the tax code that would in­clude “rev­enue in­creases.” Man­u­fac­tur­ers in Amer­ica won­der: Why would we want to stall the suc­cess­ful progress of the tax re­form leg­is­la­tion that is al­most one year old when it is em­pow­er­ing our com­pa­nies to in­vest in our peo­ple and our com­mu­ni­ties?

It has led to raises, bonuses, in­creased ben­e­fits and more jobs for man­u­fac­tur­ing work­ers. The Na­tional As­so­ci­a­tion of Man­u­fac­tur­ers sur­veyed our mem­bers this year, and 77 per­cent of man­u­fac­tur­ing com­pa­nies polled planned to in­crease hir­ing, and 72 per­cent planned to in­crease wages and ben­e­fits. In ad­di­tion, 86 per­cent planned to in­crease in­vest­ments in tools, equip­ment and fa­cil­i­ties.

We are start­ing to see the re­sults. In Oc­to­ber, man­u­fac­tur­ing pro­duc­tion rose to the high­est level in 10 years. On av­er­age, 25,000 new work­ers have joined the man­u­fac­tur­ing in­dus­try each month over the past year. This is a stark turn­around from the 3,000 jobs our sec­tor lost in 2016.

Rolling back tax re­form would mean rolling back this progress. Man­u­fac­tur­ers in the United States fi­nally have a tax code that al­lows us to com­pete on a more level play­ing field with the rest of the world. We can­not af­ford to go back­ward.

Jay Tim­mons, Wash­ing­ton The writer is pres­i­dent and chief ex­ec­u­tive of the

Na­tional As­so­ci­a­tion of Man­u­fac­tur­ers.

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