Friends of Manufacturing

Manufacturers say lower corporate tax rate would boost their competitiveness (The Hill)


Manufacturers view a corporate tax rate of 25 percent or less, a long-term research and development tax credit, and robust cost-recovery provisions as essential elements of tax reform that would make them more competitive, according to survey results released Thursday.

"As the tax debate moves forward, there is growing interest in comprehensive business tax reform that includes lower tax rates for corporations and for business income earned by 'pass-through' entities. The individual tax code would remain essentially the same," the National Association of Manufacturers (NAM) said in its report on the survey. "With this in mind, we asked a series of questions to gauge interest in comprehensive business tax reform."