NAM CEO Timmons Says Tax Reform Will Translate Into Jobs

The transcript discusses the challenges and opportunities in the manufacturing sector, focusing on job loss, political promises, and the impact of tax reform and regulatory relief. It highlights concerns about protectionism, trade imbalances, and intellectual property theft, particularly with China. The discussion also covers the need to reduce domestic business costs and address the growing number of job vacancies in manufacturing.

What tools have been provided to manufacturers to help create jobs and improve pay?

• Increased tariffs

• Tax reform and regulatory relief

• Subsidies for exports

• Import restrictions

What is a major concern regarding protectionist measures in the context of trade?

• They may counteract the benefits of tax reform

• They could result in a surplus of goods

• They could lead to a decrease in foreign investment

• They might increase domestic production costs

Why is maintaining fair trade practices important for manufacturers?

• To promote local businesses

• To increase domestic competition

• To ensure a level playing field

• To reduce the cost of raw materials

What is one of the challenges mentioned in filling manufacturing positions?

• High educational requirements

• Lack of interest in manufacturing jobs

• Strict immigration policies

• 364,000 vacant jobs today

What issue related to international trade needs to be addressed according to the transcript?

• Currency manipulation

• High tariffs on imports

• Intellectual property theft

• Lack of trade agreements