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Trump's OBBBA saved millions of manufacturing jobs, NAM report says
Fox Business • • nation
Key Points:
- The National Association of Manufacturers (NAM) released a report marking one year since the enactment of the 2025 One Big Beautiful Bill Act (OBBBA), highlighting its positive impact on the manufacturing sector across all 50 states.
- The OBBBA, signed into law by President Trump, includes provisions such as 100% expensing of new factories and immediate machinery depreciation, aimed at boosting manufacturing growth and preventing tax hikes.
- NAM's analysis estimates the law saved hundreds of thousands of jobs and billions in GDP and wages, with California leading at 708,000 jobs saved and $134 billion in GDP preserved, followed by Texas and Florida.
- Manufacturers like Robinson Helicopter and WilliamsRDM cited the law’s immediate research and development expensing as critical for innovation and investment in new technologies.
- Industry leaders and lawmakers praised the law for providing tax certainty, encouraging long-term investments, workforce development, and economic growth in the manufacturing sector nationwide.
