NAM commends President for focus on jobs.January 29, 2010 -
Following President Obama's State of the Union address, NAM President, John Engler, made statement commending President for focusing on jobs. However, policies are needed that encourage job creation and help U.S. to be more competitive in global economy. NAM submitted economic analysis conducted by Milken Institute that shows more than 11 million jobs can be created in this decade by reducing corporate tax rate, establishing permanent R&D tax credit, and modernizing U.S. export controls.
NAM Commends President for Focus on Jobs and Calls for Immediate Action to Put Americans Back to Work
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National Association Of Manufacturers (NAM)
1331 Pennsylvania Ave. N.W.
Washington, DC, 20004
Press release date: January 27, 2010
WASHINGTON, D.C., - Following the President Obama's State of the Union address, National Association of Manufacturers (NAM) President John Engler issued the following statement:
"America continues to face an unemployment rate of 10-percent and many of the industrial sectors of the economy are still struggling to recover from our nation's worst economic downturn since the Great Depression. We commend the President for focusing on jobs as we need to take immediate action to get Americans back to work. However, we need policies that encourage job creation and help us to be more competitive in the global economy. Government doesn't create jobs - business does.
Yesterday, the NAM submitted an economic analysis conducted by the respected Milken Institute that shows more than 11 million jobs can be created in the U.S. in this decade alone by reducing our corporate tax rate, establishing a better and permanent R&D tax credit, modernizing the U.S. system of export controls and making investments in energy, broadband and transportation infrastructure
The research clearly shows the economic impact these actions would have on our country's short and long term competitiveness. Now is the time to stop talking and start taking action. We look forward to working with the President and Congress on these important proposals in the coming days and weeks."
The National Association of Manufacturers is the nation's largest industrial trade association, representing small and large manufacturers in every industrial sector and in all 50 states. Visit www.nam.org for more information.