The National Association of Manufacturers is "firmly behind" the Trump administration's tax reform proposal, and believes something will be passed this year, President and CEO Jay Timmons told CNBC on Tuesday.
He also believes it will help bolster job creation, noting that manufacturers supply an "inordinate" amount of jobs in the United States.
"If we can reduce the cost of doing business in this country, we unleash the power of manufacturing. We unleash the ability of employers to actually not only create new jobs, create new opportunities but also lift the wages of those who are already working with us," Timmons said in an interview with "Power Lunch" from the sidelines of the NAM summit.
Earlier in the day, the association heard from both House Speaker Paul Ryan and Vice President Mike Pence at its summit, both of whom said a tax system overhaul would be completed by the end of the year.
Timmons believes it will happen because Americans are now counting on policymakers to get things done.
"Congress is under a tremendous amount of pressure. The administration is under a tremendous amount of pressure to actually get this done, and when the American people want something done, it's funny how quickly Congress will actually respond," he said.