John Engler, president of the National Association of Manufacturers, appeared on Hugh Hewitt’s radio program Tuesday to discuss “Jobs for America,” the new Milken Institute study that details the economic case for policies that will encourage competitiveness and growth of the U.S. manufacturing sector.
HH: Now it’s a great report. It’s almost forty pages long, full of facts, full of details. What’s the key takeaway, Governor? I mean, people should go read it at the Milken Institute website, and I’m sure NAM’s got a link to it, too.
JE: We do, both Milken and NAM have links to this. We’re sending it all over Washington today to every member of Congress, to anybody that we think can influence Congress.
But bottom line, of course, it recognizes I think something your show knows well. Government doesn’t create jobs. Business creates the jobs, and we need to encourage that to happen.
And the report, I think, does something that we’ve needed to do for some time, and I’m just pleased that the NAM could have engaged the Milken Institute to get this done. We really go into the numbers. We dive deeply and say look, if you reduce corporate tax rates, if you make the R & D credit better, make it permanent, if you modernize our system of export controls, guess what’s going to happen? You’re going to create jobs, if we do all three of those things, nearly a million new manufacturing jobs, and nearly three million total jobs right there. And we’re going to add significantly to GDP. This is over a ten year period.
But the implications of this are very clear for Congress. What we need to do is encourage this investment, and get the private sector working. That’s how we get the economy moving.
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