A Week in July

By July 21, 2010Economy, Taxation, Trade

As the House of Representatives prepares to spend next week talking about the manufacturing economy, we would urge a close examination of the National Association of Manufacturers’ “Manufacturing Strategy for Jobs and American Competitiveness,” a policy guide and call to action.

If Congress wants to strengthen industry and create manufacturing jobs in the United States, the NAM’s strategy offers the policy priorities for getting that done — priorities identified by manufacturers. The strategy is available at www.nam.org/manufacturingstrategy

Coverage:

Reuters, “House Democrats plan manufacturing jobs push“:

WASHINGTON (Reuters) – Democrats in the House of Representatives are planning action on a number of bills to boost U.S. manufacturing jobs, House Majority Leader Steny Hoyer said on Tuesday.

“We want to focus on … ‘Made in America,'” Hoyer told reporters. “We want to focus on encouraging — and yes, tax benefits would be part of this — expanding manufacturing.”

Bloomberg, “Hoyer Says House Will Debate China Currency Manipulation Bill“:

The U.S. House will debate legislation to authorize trade sanctions against China for currency manipulation as part of a package of measures to promote U.S. manufacturing, House Majority Leader Steny Hoyer said. …

Hoyer told reporters the legislation, still in committee, would be debated as part of a package of 18 to 20 measures designed to promote manufacturing. Other measures include tax credits to “expand manufacturing, job producing capacity here in America, for working men and women,” said Hoyer, a Maryland Democrat.

CQ Politics, “Democrats throw a Hail Mary“:

House Democratic leaders are launching an eleventh-hour bid to get on offense on jobs and the economy before they face voters in the November midterms.

A retooled jobs initiative, which Majority Leader Steny H. Hoyer (Md.) on Tuesday dubbed the “Make It in America” agenda, will be front and center for Democrats hoping to have something positive to take home during the August break.

Hail Mary? Well, that’s a headline writer’s characterization. But using the analogy, we’d say manufacturing competitiveness requires more of a ground game, a pound-it-out in the trenches strategy. That’s what the NAM’s “Manufacturing Strategy” proposes.

In the meantime, we look forward to learning what’s in the House package.

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