Industry Headlines

NAM: Manufacturers Support Bush's Economic Focus

February 22, 2008
/ Print / Reprints /
ShareMore
/ Text Size+

WASHINGTON, D.C.-National Association of Manufacturers (NAM) President John Engler praised President Bush’s final State of the Union speech, saying manufacturers fully support the President’s focus on economic growth.

“The President is clearly focused on the economy which is very much on everyone’s mind,” Engler says. “We are all agreed on the need to keep our economy strong. The bi-partisan $150 billion growth package is a good start. And President Bush emphasized several other issues vital to the economy-among which are energy independence, tax reduction, promoting exports through more free trade agreements and increased reliance on health care information technology.”

Engler says manufacturers support the administration’s emphasis on innovative approaches to energy independence. “His focus on emerging clean coal technologies is one we all support,” Engler says. “We have an abundance of coal and we can develop ways to use it with less impact on the environment. The president’s focus on fuller development of domestic oil and natural gas resources is right on the money, as is his call to increase our reliance on safe, clean nuclear energy. In the near term, that is essential to keeping energy prices under control. It will be many years before alternative fuels supply a significant portion of our energy mix.”

Manufacturers are keenly interested in the President’s tax proposals, Engler says. “We are particularly focused on reducing the capital gains and corporate income tax rates, as well as making the R&D tax credit permanent. Also, an enhanced capital-cost recovery system allowing companies to expense capital equipment in the tax year purchased would lower the after-tax cost of investment and provide a powerful incentive to help keep the economy growing.”

Engler says President Bush’s clear statement on the importance of trade was well received by manufacturers. “The opposition to free trade agreements in Congress is troublesome,” Engler says. “The facts are clear. Where we have free trade agreements (FTAs) in place, we compete very well. Exports are rising faster than imports today, the strongest sector of our economy. FTAs are the solution, not the problem. Congress should enact the Columbia FTA without delay and move ahead on FTAs with Panama and South Korea."

Did you enjoy this article? Click here to subscribe to Quality Magazine. 

You must login or register in order to post a comment.

Multimedia

Videos

Podcasts

 In honor of World Quality Month, we spoke to James Rooney, ASQ Past Chairman of the Board of Directors 2013, for his take on quality around the world.
For more information, read the ASQ Speaking of Quality column.
More Podcasts

THE MAGAZINE

Quality Magazine

cover_image

2014 April

Check out the April 2014 edition of Quality Magazine for features!
Table Of Contents Subscribe

Manufacturing Process

Has/does news about a manufacturers’ recall (like the GM recall in the news now) cause you or your company to reexamine its manufacturing process?
View Results Poll Archive

Clear Seas Research

qcast_ClearSeas_logo.gifWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

eNewsletters

STAY CONNECTED

facebook_40.png twitter_40px.png  youtube_40px.pnglinkedin_40px.png