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ICYMI: Record high optimism on prospect of tax reform among manufacturing CEOs

- December 11, 2017

Manufacturing CEO survey shows record high optimism on prospect of tax reform
CNBC
Lori Ann LaRocco
December 11, 2017

"The National Association of Manufacturers said Monday its latest quarterly CEO survey reflects historically high optimism on expectations for the passage of tax reform in Washington.

"The trade group said CEO optimism — hitting a high mark in 20 years of the survey — should send a message to legislators that failure to enact the bill would be a blow to American business.

"…Of those who participated in the fourth quarter study, 94.6 percent said they were positive about their own company's outlook.

"Nearly 63 percent said comprehensive business tax reform would encourage their company to increase capital spending, and more than half said they would expand their businesses (57.9 percent).

"Almost 54 percent of CEOs in the survey said they would hire more workers, and nearly half (48.8 percent) said they would increase employee wages and benefits.

"'Tax reform will enable us to provide our employees with better salaries, wages and benefits which will have a real impact to improve the standard of living for them and their families,' said Bruce Pulkkinen, senior advisor and former president of the third generation, family-owned architectural woodworking company, Windham Millworks in Maine. 'We can't accept the status quo anymore.'"


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