Manufacturing leaders are glowingly positive about President Donald Trump’s tax cuts and spending package, saying it supports industry growth and investment across the United States.
The legislation, known as “The One Big Beautiful Bill Act,” was signed into law on July 4 after extensive debate in the House and Senate. It provides a host of changes to the U.S. tax code, including extensions to parts of the 2017 Tax and Jobs Act and new provisions that allow for enhanced expensing for manufacturers looking to expand operations or invest in research and development.
“With 100% expensing for new investments, we’re cutting taxes for every manufacturer,” Trump said at a military family picnic held outside the White House on July 4.
While most manufacturing groups expressed support for the bill in the days leading up to its passage, opponents have raised concerns over its cuts to non-military government programs such as SNAP and Medicaid, as well as its curtailing of certain clean-energy tax credits.
The Electric Vehicles Association, an advocacy group that supports the adoption of electric vehicles, has called the bill a “major setback” for the environment, highlighting provisions that weaken the fuel economy standard and repeal the Greenhouse Gas Reduction Fund used to finance projects that cut emissions and pollutants.
However, notable manufacturing groups are excited about the tax opportunities in the bill and what it means for future domestic growth.
Here is what industry leaders are saying about Trump’s megabill.
National Association of Manufacturers President and CEO Jay Timmons
July 3: “Today marks a historic victory for the 13 million people who make things in America. This is a manufacturers’ bill — through and through.
“None of this was inevitable. It’s the result of years of serious, sincere partnership between our nation’s manufacturers and our elected leaders. From the shop floors of small businesses to the headquarters of global companies, from plant managers and line workers to members of Congress and the administration, this achievement reflects what’s possible when policymakers choose to work with manufacturers.
“Manufacturers are especially grateful to President Trump, Vice President Vance, Speaker Johnson, Majority Leader Scalise, Majority Whip Emmer, Conference Chair McClain and Ways and Means Chairman Smith for their steadfast leadership. Their commitment to our industry—and to the men and women who make things in America—was essential to get this done. They listened to manufacturers, stood by us and delivered real results.”
“When leaders partner with manufacturers, good things happen for our country—because manufacturing is nonpartisan and bipartisan. To invest in manufacturing is to invest in America—in communities in every state and of every size. While this bill passed on a party-line vote, manufacturers all across America, in red states and blue states, swing districts and safe districts, look forward to putting people to work, more factories into motion, more innovation into the market, more products onto our shelves and more prosperity into our communities. Taken together, this strengthens the hand of the United States on the world stage. That’s exactly what this bill helps to deliver.
“This Congress and this administration understand that a stronger manufacturing sector means a stronger America. We will continue to work with our nation’s leaders to realize and celebrate the benefits of a comprehensive manufacturing strategy that includes not only further tax reforms but also trade, energy, workforce development and modernized regulations.
“Because one of the greatest investments our leaders can make for the American people is an investment in manufacturing—the industry that powers our shared prosperity.”
Steel Manufacturers Association President Philip K. Bell
July 3: “Today, Congress and President Trump delivered a signature win and made historic investments for American workers. Passing the One Big Beautiful Bill Act and sending it to President Trump’s desk for signature means America will continue to be the premier destination for manufacturing.
“Since President Trump’s first term, steelmakers have been making major investments. The steel tariff and the Tax Cuts and Jobs Act (TCJA) have helped steelmakers invest in their facilities, their workers and their communities. The One Big Beautiful Bill will work to turbocharge those investments and help drive new ones. By keeping the President’s campaign promise of no taxes on overtime, the bill will put more money in the pockets of families and stimulate spending and prosperity in their communities.
“Many of these job-creating investments in steel mills that drive even greater job creation hinge on several factors. The cost of equipment for new manufacturing facilities is a big one. The bill Congress passed today significantly lowers cost barriers by renewing immediate expensing of capital equipment and making that provision permanent.
“Furthermore, the BBB boosts American innovation. Our country has been at the forefront of nearly every technological advance over the last century. Our steel industry uses modern, efficient technology that is the envy of the world, and other countries are working fast to catch up fast. Governments around the world have been pouring money into their steel industries to replicate the market-based investments that American companies have made for decades. The tax bill’s renewal of immediate expensing for research and development will allow steelmakers and manufacturers to grow our lead.
“We applaud President Trump and Congress for prioritizing steelmakers and other manufacturers. Steel is critical to modern society and any economic growth. When steel manufacturing thrives, our entire country and our economy thrives. This legislation puts our industry in a strong position to continue making momentous investments and supporting America’s coming economic renaissance.”
Semiconductor Industry Association President and CEO John Neuffer
July 3: “SIA applauds the passage of a strengthened advanced manufacturing investment credit, along with several other tax provisions of importance to our industry. The credit is vital to achieving President Trump’s goals of securing advanced manufacturing in America over the long term and promoting sustained investment in the U.S. semiconductor ecosystem. The credit has helped spur significant private investment across America’s semiconductor supply chain, put the U.S. on track to more than triple domestic chip manufacturing capacity by 2032, and is projected to create and support more than 500,000 American jobs. The enhanced credit will support additional investment into the domestic chip ecosystem and make America more globally competitive. We commend the steadfast leadership of Chairman Crapo in championing this critical effort. We look forward to working with the Administration and Congress to further secure the future of America’s semiconductor resurgence.”
Society of Chemical Manufacturers Association’s Robert Helminiak, VP of Legal & Government Relations
July 3: “The passage of this legislation affirms what we’ve long advocated: that robust R&D tax incentives are essential for maintaining our nation’s leadership in specialty chemistry. This represents meaningful progress for American manufacturing competitiveness.”
National Electrical Manufacturers Association President and CEO Debra Phillips
July 1: “NEMA strongly supports the pro-manufacturing provisions included in the Senate-passed tax legislation and thanks Leader Thune and Chairman Crapo for their commitment to making these critical measures permanent to support our growing domestic manufacturing base. We are also grateful to Sens. Ernst, Murkowski, and Grassley for their efforts to enhance energy and grid reliability incentives.
“During this pivotal moment of unprecedented growth in energy demand and consumption across our economy, U.S. electrical manufacturers need tax provisions that encourage capital investment in American production capacity, foster research and development, and bolster domestic manufacturing of products and components critical to national security. The pro-manufacturing tax provisions in the Senate bill reflect that commitment and position the U.S. as a global leader.
“NEMA also appreciates that Senate leadership prioritized critical energy incentives including the Advanced Manufacturing Tax Credit (45X), Residential Clean Energy Credit (25D), Energy Efficient Home Improvement Tax Credit (25C), and Alternative Fuel Refueling Property Credit (30C). The legislation also advanced a workable approach to address ‘foreign entities of concern’. These adjustments will help electrical manufacturers achieve their objectives to grow U.S. manufacturing and ensure the reliability, safety, and security of our nation’s electrical infrastructure.
“NEMA urges the House to create eligibility for clean energy technology tax credits at ‘start of construction’ rather than the drafted ‘placed in service’ date to allow for full immediate investment and deployment of in-process projects that will bring kilowatts to the grid.
“We urge the House to take swift action on this important legislation and send it to President Trump to sign this week.”
American Chemistry Council President and CEO Chris Jahn
July 1: “We applaud the Senate for passing this critical legislation earlier today. H.R. 1 extends the pro-growth policies from the Tax Cuts and Jobs Act and would enable manufacturers across the country to thrive. Increasing domestic manufacturing investment and making America a manufacturing superpower starts with smart tax policy that provides more certainty for all manufacturers. The House should swiftly pass this important legislation and send it to President Trump’s desk. Our nation’s economic success and competitive edge depend on growing U.S. chemical production and manufacturing more in America.”
Association of Equipment Manufacturers SVP of Government and Industry Relations Kip Eideberg
July 4: "With the signing of the One Big Beautiful Bill into law, equipment manufacturers can breathe a sigh of relief that the U.S. tax code will continue to incentivize job creation, innovation, and investment in domestic manufacturing. Equipment manufacturers are grateful to President Trump and our pro-manufacturing champions in the House of Representatives and Senate for fighting tirelessly for these pro-manufacturing tax provisions, which will strengthen U.S. equipment manufacturers and bolster our global competitiveness. We also thank our members, who bolstered our advocacy efforts and made their voices heard.
“One of the ways to grow equipment manufacturing in America is to ensure our equipment manufacturers — small and large — have a tax code that is wired for growth. When equipment manufacturers are taxed smarter, they can build stronger.”
American Petroleum Institute President and CEO Mike Sommers
July 4: “This is the most important energy bill in a generation. President Trump has delivered on his promise to unleash American energy by unlocking opportunities for investment, supporting global competitiveness and opening lease sales onshore and offshore from the Gulf of America to Alaska. We applaud President Trump and Congress on this historic legislation that cements American energy leadership for years to come and ushers in a new era of energy development.”
Motor & Equipment Manufacturers Association President and CEO Bill Long
July 1: "These measures in the tax bill are of great importance, especially to vehicle suppliers who represent the largest sector of manufacturing jobs in the country with more than 932,000 associates.
"The 'One Big Beautiful Bill' renews central items from the 2017 Tax Cut and Jobs Act (TCJA) and provides critical certainty for suppliers on several business provisions by making them permanent. This measure enhances national tax policy, a cornerstone of U.S. manufacturing competitiveness. MEMA also wishes to highlight the treatment for businesses that organize as passthrough entities under Section 199A, where the Senate bill makes the current 20% deduction permanent. As the House of Representatives turns its attention to the bill, we will continue to advocate for the interests and priorities of the U.S. vehicle supplier industry."
Plastics Industry Association President and CEO Matt Seaholm
July 1: “We applaud the U.S. Senate for their collaboration and decisive action in advancing this important, pro-manufacturing tax package.”
“The plastics industry has directly advocated for many of the provisions included in this bill—measures that promote long-term investment, encourage innovation, and provide the economic stability manufacturers need to thrive. This bill underscores American leadership in supporting sustained growth and long-term competitiveness.”
“Now the House must act quickly to finish the job and send this package to President Trump’s desk. Backed by a workforce of over one million Americans and more than $519 billion in annual economic output, the plastics industry is ready to turn this policy into job creation, innovation, and sustained success.”
