This week, during his “State of Manufacturing” address, National Association of Manufacturers (NAM) President and CEO Jay Timmons urged U.S. lawmakers to make permanent the 20% deduction for pass-through entities — a key provision in the 2017 federal tax law. Like other changes in the 2017 overhaul, the pass-through deduction is scheduled to expire at the end of 2025. In other comments, Timmons credited the Trump administration for reaching a “phase one” trade deal with China, passing the U.S.-Mexico-Canada trade agreement, and making “progress on 91.5% of the regulations that NAM members identified as needing to be modernized.” Read Timmons’ full address. 1/22/2020