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Manufacturers say GOP tax law protected jobs, preserved wages and economic growth across every state
['Eric Revell']
Latest & Breaking News | Fox Business
The National Association of Manufacturers (NAM) released an analysis that estimated the number of jobs protected by the provisions of the OBBBA, along with the amount of economic growth and wages it preserved.
It also chronicled how a manufacturer in each state used the tax law.
NAM's analysis found that in California, the law saved 708,000 jobs, $134 billion in GDP and $67 billion in wages – the most in each category among the 50 states.
House Ways and Means Committee Chairman Jason Smith, R-Mo., said in a statement that when drafting the OBBBA, his top priority was a "permanent, pro-growth tax policy."
"By preventing a massive tax hike and locking in permanent, pro-growth tax policies, we gave manufacturers the certainty they needed to grow.