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Trump’s recently signed budget legislation, dubbed the Big Beautiful Bill, is drawing strong support from corporations and small businesses, especially within the manufacturing sector. Signed into law on July 4, the bill makes the 2017 tax cuts permanent, restores key deductions, and enables immediate write-offs for new manufacturing facilities. It also includes incentives for semiconductor production.

Jay Timmons, CEO of the National Association of Manufacturers, emphasized the significance of the bill for small manufacturers and the supply chain, warning that without it, job losses and economic setbacks could have been severe. He also noted that maintaining the current corporate tax rate is a quiet but critical win for encouraging domestic investment.

While concerns remain about the projected $3 trillion increase in national debt, Timmons argues that growth-driven policies will spur investment, job creation, and increased tax revenue, offering long-term certainty and momentum for U.S. manufacturers.

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