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American Focus > Blog > The White House > Failure to Pass One Big Beautiful Bill Will Kill 1.1+ Million Manufacturing Jobs – The White House
The White House

Failure to Pass One Big Beautiful Bill Will Kill 1.1+ Million Manufacturing Jobs – The White House

Last updated: June 12, 2025 11:05 pm
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Failure to Pass One Big Beautiful Bill Will Kill 1.1+ Million Manufacturing Jobs – The White House
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Should Congress fail to extend the Trump Tax Cuts as outlined in President Donald J. Trump’s One Big Beautiful Bill, we could see a staggering loss of over 1.1 million jobs in the manufacturing sector alone, with nearly six million jobs affected nationwide, according to a recent report. The report points to swift and severe repercussions for small businesses—consequences that are not only dire but entirely preventable.

Key Insights from the Report:

  • “Over 96% of American businesses are structured as pass-through entities, meaning they pay taxes at individual income tax rates. Recent tax reforms introduced a 20% deduction for these small businesses, leveling the competitive field with their corporate counterparts. However, this pass-through deduction is set to vanish completely by the end of 2025. A survey conducted by NAM revealed that 93% of pass-through manufacturers anticipate that losing this deduction will hinder their growth, job creation, and investment potential.”
  • “The synergy of a reduced top tax rate alongside the 20% pass-through deduction has resulted in significant tax savings for small businesses. These savings have enabled them to invest in essential resources such as new machinery, facilities, and workforce expansion. Notably, over 74% of manufacturers employ fewer than 20 workers, underscoring the vital need for Congress to maintain competitive tax rates for small businesses.”
  • “If Congress remains inactive, the absence of accelerated depreciation from the U.S. tax code will be a reality for the first time in decades. This absence will severely restrict manufacturers’ ability to invest in the equipment and technology necessary for fostering economic growth and job creation, ultimately making it more expensive for businesses to invest domestically.”
  • “Family-owned enterprises constitute over 90% of American businesses and play a crucial role in the manufacturing supply chain as well as their local communities. As the estate tax exemption threshold is poised to be halved by the end of 2025, more family-owned businesses will find their assets subjected to taxation, jeopardizing their viability upon the owner’s passing. It is imperative that Congress safeguards these family-owned manufacturers by maintaining the current exemption threshold.”

See also  Empowering Commonsense Wildfire Prevention and Response – The White House
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