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NAM welcomes defeat of climate change bill.

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June 10, 2008 - As U.S. Senate voted 48-36, NAM called defeat of Lieberman-Warner Climate Security Act a responsible move by Congress that will save U.S. manufacturing jobs. NAM President, John Engler said NAM is committed to working with Congress to establish sensible and responsible federal policies that promote stewardship and reduce greenhouse gas emissions. However, policies must maintain competitive playing field for American workers and not damage American economy.

NAM Welcomes Defeat Of Lieberman-Warner Climate Change Bill


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National Association Of Manufacturers (NAM)
1331 Pennsylvania Ave. N.W.
Washington, DC, 20004
USA



Press release date: June 6, 2008

NAM Will Continue to Work for Commonsense Policies That Won't Kill Jobs

WASHINGTON, D.C., June 6, 2008 - The National Association of Manufacturers (NAM) called the defeat today of federal climate change legislation "a responsible move by Congress that will save U.S. manufacturing jobs," as the U.S. Senate voted (48-36) to defeat the cloture motion on the Boxer Substitute to S. 3036, the Lieberman-Warner Climate Security Act.

"Manufacturers are grateful to the 36 Senators on both sides of the aisle who voted to maintain jobs and economic growth in America," said NAM President John Engler. "The NAM is committed to working with Congress to establish sensible and responsible federal policies that promote stewardship and reduce greenhouse gas emissions. However, these policies must maintain a competitive playing field for American workers and not damage the American economy," he said.

"NAM members believe that any commitments made by the United States must be mirrored by comparable commitments by our trading partners, are based on sound science and cost-effectiveness, and are applied equally throughout the economy," he continued.

"Several economic analyses - including a 2008 study commissioned by the NAM that was cited numerous times during Senate floor debate - conclude that the Lieberman-Warner bill would have resulted in significant job losses across our nation and would reduce Gross Domestic Product, lower household income and increase the cost of gasoline and electricity," he said.

"We welcome today's action that recognizes the importance of U.S. jobs and competitiveness. We will continue to work with Congress to craft a bipartisan, economically-sound plan to address America's energy crisis that recognizes our nation's responsibility to promote commonsense environmental stewardship," Engler concluded.

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. Headquartered in Washington, D.C., the NAM has 11 additional offices across the country. Visit the NAM's award-winning web site at www.nam.org for more information about manufacturing and the economy.

CONTACTS: LAURA NARVAIZ (202) 637-3104 KEITH MCCOY (202) 637-3175
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