Engler on Taxation, Job Training

By January 7, 2009General, Taxation, Trade

John Engler, president of the National Association of Manufacturers, spoke with reporters Tuesday outlining the NAM’s views on proposed stimulus legislation and manufacturing’s legislative agenda for the 111th Congress. Some coverage that resulted…

The Hill, “NAM Pushes Job Training“:

NAM threw some cold water on the notion of a tax credit for job creation.

“Nobody is going to turn it down,” said former Michigan Gov. John Engler, NAM’s president, but he cautioned that the tax credit might not be that effective. Engler supports an alternative: money for job training programs. NAM is also looking to make a push for legislative tweaks that make it easier for businesses to pay for defined pension plans.

BusinessWeek, “Tax Cuts Aren’t Off Obama’s Table“:

The business tax cuts would get strong political and business support—in particular, the net operating loss provision is favored by Max Baucus (D-Mont.), chairman of the Senate Finance Committee. Other business tax cuts Obama is considering would extend so-called bonus depreciation, which allows profitable companies to write off investments more quickly, and give companies that hire new workers a one-year tax credit at a total cost of $40 billion to $50 billion over two years.

But many around Washington are dubious about whether a new jobs tax credit would produce a lot of hiring that wouldn’t take place otherwise. “I don’t think a $2,000 or $3,000 credit will create a job,” said John Engler, president of the NAM. “You need a business reason first. A job credit by itself is not a business reason.”

Dallas Morning News, “Ron Kirk meets with key senators on Finance Committee about trade“:

John Engler, president of the National Association of Manufacturers and former Republican governor of Michigan, said over lunch with reporters that trade doesn’t appear to be an immediate or top priority for President-elect Barack Obama.

He cited several factors, including the stalled Doha round and that Mr. Kirk – however talented – is no expert in international trade and will need time to become comfortable with “technical” aspects of the job.

Yes, to be clear, Engler was complimentary about the selection of Mayor Kirk.

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