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NAM Urges Immediate Tax Cut to Jumpstart Recovery
The National Association of Manufacturers urged Congress to act now on tax relief for individuals and corporations. NAM's William J. Grede said lower tax rates are needed immediately to spark recovery, warning that delaying tax reform risks a stagnating economy and inflation. The Chamber of Commerce also proposed three billion dollars in tax cuts to boost productivity, with revenue offsets through reduced non-defense spending or a low rate general sales tax on non-food items.
MENTIONED IN THIS ARTICLE
Washington
National Assn
Manufacturer
Congress
William J. Grede
Milwaukee
NAM
House
Ways and Means
Grede
U. S. Chamber ‘of Commerce
Chamber
Joel Barlow
Ways and Means Committee