Friends of Manufacturing

Tax Reform + Regulatory Innovation = Economic Growth and Jobs

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From 1960 to present, the regulatory burden, measured in paper, has gone from 20,000 pages of the Code of Federal Regulations (CFR) to 200,000 pages. Yesterday, the White House displayed stacks of paper with a stream of red tape across the symbolic decades of paper to make the case.

“Cut the Red Tape” is a new initiative led by the White House. The administration announced this effort on Monday and the NAM fully supports the attention and commitment to reducing needless bureaucracy and red tape. NAM President and CEO Jay Timmons echoed this point with Sean McGarvey, President of the North America’s Building Trades Unions in an opinion piece posted on Fox News.

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