Unnecessarily duplicative and burdensome regulations impact small, medium and large manufacturers across the nation. It’s time for both parties to work together to advance a manufacturing agenda that is focused on real priorities and reforms unnecessary impediments to growth. That was the message today at an event hosted by the NAM and Manufacturers Alliance for Productivity and Innovation (MAPI).
NAM President and CEO Jay Timmons opened the event by highlighting the challenges facing manufacturers today, noting that “it is 20 percent more expensive to do business in the United States than it is among our competitors. Regulations contribute to this cost disadvantage; other factors include issues like taxes and lawsuit abuse. But the bottom-line is that regulatory overreach hurts manufacturers’ competitiveness. Today, manufacturers have no choice but to push back.”
MAPI President Stephen Gold also discussed the latest data on the economic impact of federal regulations on manufacturers, noting that our current regulatory system “is clearly a drag on manufacturing growth, and therefore overall economic growth.”
Former Virginia Governor and Senator George Allen and former Senator Blanche Lincoln headlined a panel that discussed how to achieve bipartisan support for regulatory reform. During the panel, Gov. Allen recounted efforts to address regulatory challenges during his time as Governor of Virginia while Sen. Lincoln highlighted the numerous opportunities we have to reach across the aisle to achieve reform. Allen and Lincoln serve as co-chairs of the Manufacturing Competitiveness Initiative, an NAM-led effort aimed at examining and highlighting the competitiveness challenges facing manufacturers.
Progressive Policy Institute Chief Economic Strategist Michael Mandel and American Cleaning Institute President and CEO Ernie Rosenberg also discussed how to create a more effective regulatory system and Congresswoman Tammy Duckworth of Illinois ended the event by highlighting the importance of providing relief to small businesses.
Manufacturers strongly believe bipartisan regulatory reform will advance our efforts to keep the United States the best place in the world to manufacture, innovate and attract investment.