NAM President and CEO Jay Timmons highlighted the NAM’s A Manufacturing Renaissance: Four Goals for Economic Growth today during a panel discussion at GE’s forum on American Competitiveness with Senator Rob Portman, Colorado Governor John Hickenlooper and Louisville Mayor Greg Fischer. Bruce Katz of the Brookings Institute moderated the panel.
Timmons noted during the discussion, it is 20 percent more expensive to manufacture in the United States than it does among our major trading partners. To reduce this cost differential, policymakers should adopt policies that make the U.S. more competitive. The U.S., for example, will have the highest corporate tax rate in the developed world as of April 1. Senator Portman discussed some of his ideas for moving corporate tax reform forward.
All the panelists agreed about the importance of building a strong and skilled workforce that meets the needs of modern manufacturers. There are a number of initiatives, such as the Manufacturing Institute’s Dream It. Do it. Program, that are aimed at attracting young people to the manufacturing workforce.
The four-day event hosted by GE in Washington, DC, was kicked off this morning by GE CEO Jeff Immelt who then joined a panel discussion with Boeing CEO Jim McNerney and Dow Chemical CEO Andrew Liveris.
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