NAM: 25% Corporate Tax Rate Would Result in Major Job Losses
Association head Jay Timmons advocates for infrastructure investment and retaining competitive tax policies rather than higher tax rates.
May 17th, 2021
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WASHINGTON — As Congress and the Biden administration continue to make progress on negotiations to invest in our nation’s failing infrastructure, the National Association of Manufacturers released a new study detailing the short- and long-term damage to the American economy if the corporate tax rate were raised to 25%, the top marginal tax rate were increased, the 20% pass-through deduction were repealed, certain expensing provisions were eliminated and more.
In April, the NAM released a study on the harmful impacts of rolling back key provisions of the Tax Cuts and Jobs Act, including raising the corporate tax rate to 28%.