Weather 
A group representing America’s manufacturers on Tuesday released a report marking one year since the enactment of the 2025 tax law that includes examples of the legislation’s impact on the manufacturing sector in all 50 states.
The One Big Beautiful Bill Act (OBBBA) was passed by Republicans in Congress and signed into law by President Donald Trump last July, and the legislation contained a number of provisions aimed at boosting the manufacturing industry – such as 100% expensing of newly built factories and immediate depreciation of machinery – and preventing tax hikes.
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.
“Tax policy is far more than numbers on a spreadsheet and these stories – across all 50 states – show the real-world impact of pro-growth policies that have given manufacturers the confidence to invest, hire, raise wages and expand facilities,” said National Association of Manufacturers CEO Jay Timmons.
TRUMP VISITS MACK TRUCKS PLANT IN BATTLEGROUND PENNSYLVANIA DISTRICT TO TOUT ECONOMIC AGENDA AS MIDTERMS LOOM
Timmons added the tax reform law is “one of the most consequential pieces of legislation in a generation,” and said that “Congress and the administration delivered the permanent, pro-growth tax code manufacturers needed to invest in their people, purchase new equipment and plan confidently for the future.”
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. Commercial helicopter manufacturer Robinson Helicopter said it’s taking advantage of immediate research and development expensing to deploy new R88 helicopters as control centers for fire surveillance drones.
“These types of innovative solutions require a significant amount of research and development spend,” said Will Fulton, vice president of business development at Robinson Helicopter, adding that the immediate R&D deduction “accelerates our ability to innovate and increases the ability with which we can bring these property and lifesaving innovations to market.”
TRUMP TURNS NATO SPENDING FIGHT INTO WIN FOR US DEFENSE COMPANIES
Texas’ totals ranked the second highest at 547,000 jobs, $107 billion in GDP and $51 billion in wages saved by the OBBBA, per NAM’s analysis. WilliamsRDM said the tax law’s R&D expensing allowed it to continue to invest in engineering, prototyping, testing and design improvements to deploy new tech for aerospace, defense, fire suppression, energy and security firms.
Florida, which NAM estimated had 399,000 jobs and $36 billion in wages saved by the OBBBA, has seen Johnson & Johnson invest more than $1 billion to expand operations in Jacksonville.
J&J’s chief technical operations and risk officer, Kathy Wengel, said that the “investments reflect our sustained commitment to advancing American innovation, enabled by a strong and stable corporate tax rate.”
GOOGLE PARTNERS ON AI TRAINING FOR THOUSANDS OF AMERICAN MANUFACTURING WORKERS
Snap-On CEO and NAM Vice Chair for Tax and Finance Policy Nick Pinchuk said that he’s seen firsthand how “long-term tax uncertainty translates into workforce certainty,” adding that the law was “an investment in the American worker.”
“It reaffirms, for all to see, the critical importance of manufacturing to our nation’s future and it assures that prosperous tomorrow by giving manufacturers, including small- and family-owned businesses, a significant boost to their capabilities and the confidence to making lasting investments in their people – to recruit, train and retain skilled workers, strengthen career pathways, and create good paying jobs in communities across the country,” Pinchuk said.
“When I first started drafting the One, Big, Beautiful Bill, I made it clear: permanent, pro-growth tax policy was a top priority. If we were truly going to make a lasting impact for manufacturers, we had to deliver legislation that gave them the confidence to invest in equipment, hire workers, and plan for the long term — and that’s exactly what we did. By preventing a massive tax hike and locking in permanent, pro-growth tax policies, we gave manufacturers the certainty they needed to grow. One year later, we’re seeing the results, with success stories from manufacturers in all 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.”
“If we were truly going to make a lasting impact for manufacturers, we had to deliver legislation that gave them the confidence to invest in equipment, hire workers, and plan for the long term – and that’s exactly what we did,” he said. “By preventing a massive tax hike and locking in permanent, pro-growth tax policies, we gave manufacturers the certainty they needed to grow. One year later, we’re seeing the results, with success stories from manufacturers in all 50 states.”
Senate Finance Committee Chairman Mike Crapo, R-Idaho, added in a statement that, “One year in, the results are clear – the Working Families Tax Cuts are strengthening our economy, boosting American manufacturing and creating greater opportunities for workers for years to come.”
