While some politicians in Washington and presidential candidates across the country are openly discussing rolling back key parts of the historic tax reform bill signed into law back in 2017, the bet8体育娱乐入口’ latest survey data paints an alarming picture of the impact such a move would have on the U.S. 经济，尤其是制造业.

根据 NAM的制造商前景调查 从2019年第一季度开始, two thirds (66 percent) of manufacturers would be forced to consider cutting back investments in the United States if Congress rolled back portions of the tax reform bill, while 62 percent would scale back projected growth in wages and bonuses. Meanwhile, more than half (54 percent) would cut back on hiring.

“这些数字很吓人，” Chris Netram, NAM’s Vice President of 税 and Domestic Economic 政策说,.

《bet8手机app》使美国经济陷入困境.S. 税收代码从发达经济体中最缺乏竞争力的国家之一变成了“接近平均水平”， Netram 说. “退回到缺乏竞争力的价格和政策，让在全球供应链中运营的公司知道，美国的经济增长速度将放缓.S. 没有营业吗. 这将迫使他们把目光投向别处.”

“Long term, the global economy will still continue to grow,” Netram 说. “但美国不会获得那么多.”

因为税收是任何投资的固定成本, raising taxes drives the required rate of return on any investment even higher, raising the threshold for what would make an investment profitable and changing the calculus for businesses planning future investments in equipment and employees.

Small manufacturers have benefited from tax reform’s provision allowing for a 20 percent deduction of “pass-through” small business income. While much of the discussion in Washington has focused on the corporate tax rate, 更多的制造商将其列为“传销业务”, meaning smaller firms would bear the brunt of a full tax reform repeal.

“的 number of pass-throughs dwarfs the number of corporate filers,” Netram 说. “如果你想伤害小型制造商, reducing or repealing the pass through deduction is how you’d do it. 这是华盛顿一些领导人正在谈论的一件令人担忧的事情.”

的 NAM has conducted its quarterly Outlook Survey since 1997. Last year’s aggregated results found the most optimistic reading among U.S. 调查历史上的制造商, with respondents crediting the tax reform bill as a major factor. 2018年的一项类似调查发现，绝大多数受访者计划增加投资, 根据税法规定的雇佣和工资. 与此同时，2018年该行业的就业增长是20多年来最快的.

“Adopting a more competitive tax system has boosted the industry,” Netram 说. “Rolling back the benefits of tax reform would make it more difficult to further grow our thriving American manufacturing sector.”