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June 20, 2017 4:30 PM, EDT
Speaker Ryan Asks Manufacturers to Help Congress Pass Tax Overhaul
Paul Ryan Michael Brochstein/Sipa USA/TNS

WASHINGTON — Executives in the manufacturing sector should view reforms to the tax code in aspirational ways to help Congress advance such reforms this year, House Speaker Paul Ryan (R-Wis.) said June 20.

“Help us see this better way. Help us see this better day that if you are put on a level playing field as a manufacturer at the rest of the world, how much better you can do, how many more wages increases you can have, how many more jobs you can fill, how much better this country can be,” Ryan said at the National Association of Manufacturers’ annual summit.

An overhaul of the tax code likely to come up for consideration in the House this year would pave the way for action on other legislative priorities for Republicans, Ryan explained.

National Association of Manufacturers President and CEO Jay Timmons applauded the speaker’s message to the group.

“Today, Paul Ryan gave manufacturers and America exactly what we need: confidence,” Timmons said. “Manufacturers live every day the aspirations expressed by Speaker Ryan at the NAM’s Manufacturing Summit, and we’re mobilized to bring those ideals to every American. We were pleased to let him know that manufacturers are all in for success.”

Last week, more than 250 members of the House signed a letter that urged the leaders of a tax policy panel to adopt a sustainable funding source for the Highway Trust Fund as part of a tax reform package. The trust fund relies on dwindling revenues from fuel taxes.