“H.R. 1 is one of the most consequential pieces of legislation in a generation,” National Association of Manufacturers (NAM) President Jay Timmons said, announcing release of a report providing examples of how members nationwide have benefited from last year’s passage of the Trump Administration’s tax reform bill.
H.R. 1, also known as the One Big Beautiful Bill Act (OBBBA) or the Working Families Tax Cut Act (WFTCA), was signed into law by President Donald Trump on July 4, 2025. In addition to providing new tax cuts, it also permanently extended expiring tax reforms.
NAM’s website outlines the benefits of the bill’s enactment:
“For years, manufacturers made a simple promise: a competitive tax code would let them invest, hire and grow here at home. With the One Big Beautiful Bill Act, signed into law on July 4, 2025, Congress made the 2017 tax reforms permanent and added powerful new incentives to build in America — and manufacturers are delivering.”
In all, NAM research attributes six million jobs saved, $540 billion in worker wages and $1.1 trillion in U.S. Gross Domestic Product (GDP) to the enactment of H.R. 1.
“These are the pillars of a competitive tax code, now permanent law. Each one gives manufacturers the confidence to invest, hire and grow,” NAM says, noting six vital elements of the bill:
- The Tax Trifecta: Immediate R&D expensing, 100% full expensing for equipment, and an EBITDA-based interest deductibility standard — the three policies that most directly drive manufacturing investment.
- Small Business Relief: A permanent 20% pass-through deduction, permanent relief from the death tax, and permanent individual rates that family-owned manufacturers rely on to reinvest and pass the business on.
- Building in America: A new 100% deduction for new and expanded factories and an expanded Section 179 — rewarding the manufacturers who build, modernize and produce on U.S. soil.
- Innovation Incentives: Restored research expensing keeps the U.S. competitive in innovation, while an expanded Advanced Manufacturing Investment Credit powers the next generation of domestic production.
- Global Competitiveness: A permanent 21% corporate rate and a stable international system (FDII, GILTI, BEAT) that keeps America an attractive place to headquarter, invest and create jobs.
- A Level Global Playing Field: An OECD “side-by-side” agreement keeps discriminatory foreign taxes off U.S. companies — and kept the punitive §899 retaliatory tax out of the law entirely.
“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 long term,” NAM Pres. Timmons said in a press release, titled “H.R. 1 at Work: 50 Manufacturing Tax Wins in 50 States.”
The release introduces the publication of NAM’s “Manufacturing Tax Wins Across America,” a “flipbook featuring 50 success stories driven by the permanent pro-growth tax provisions in H.R. 1.”
The publication presents one example from each state showing how a manufacturer has prospered and contributed to its local economy thanks to H.R. 1. In particular, the release highlights six stories featured in “Manufacturing Tax Wins Across America”:
- BTE Technologies in Maryland is projecting more than 50% growth over the next five years.
- GSE Dynamics in New York invested $1.5 million in a new high-precision, 5-axis horizontal machining center to strengthen America’s defense industrial base.
- Ketchie Inc. in North Carolina expanded its workforce by 25% following investments supported by the tax law.
- Munson Boats in Washington is expanding its manufacturing facility while increasing its workforce by 23%.
- Pivot Manufacturing in Arizona made the largest equipment purchase in company history after the 2025 tax law provided long-term tax certainty
- Winton Machine Company in Georgia is on track for its best year ever in 2026.
“I have seen firsthand that long-term tax certainty translates into workforce certainty,” said Snap-on Chairman and CEO and NAM Vice Chair for Tax and Finance Policy Nick Pinchuk. “This law was an investment in the American worker.”
Last Thursday, NAM published news of how a Pennsylvania manufacturer not featured in the flipbook has expanded as a result of H.R. 1.
“Metals producer Ellwood has grown by about 25–30% in 2026—thanks in large part to the 2025 tax law,” NAM reports:
“Ellwood, which sells to aviation and defense manufacturers, is currently building a $90-million-plus vacuum induction melting facility for critical metal components.”
