NAM President's Statement highlights need for pro-growth policies.
Press Release Summary:
NAM President and CEO Jay Timmons issued statement on rising unemployment rate, which increased to 9.2%. According to Timmons, imposing tax increases on job producers, as some in Washington are suggesting, will set back the economy, as will additional regulations that drive up the cost of doing business. Rather, we need tax, energy, and regulatory policies that will create certainty for manufacturers so that they can hire, innovate, and compete in the international marketplace.
Original Press Release:
Manufacturers: Increase in Unemployment Highlights Need for Pro-Growth Policies to Create Jobs
Manufacturers Urge Administration and Congress to Act Now
Washington, D.C., - National Association of Manufacturers (NAM) President and CEO Jay Timmons issued the following statement on the rising unemployment rate, which increased to 9.2 percent according to the June employment report released today:
"The employment numbers released today are troubling to manufacturers and families across this country. The uptick in unemployment last month is a stark reminder that we need pro-growth policies from the Administration and Congress to put people back to work and get our economy growing again.
While there is debate on how to reverse this trend, one thing is certain: imposing tax increases on job producers, as some in Washington are suggesting, will set back the economy, as will additional regulations that drive up the cost of doing business in the United States. Rather, we need tax, energy and regulatory policies that will create certainty for manufacturers so that they can hire, innovate and compete in the international marketplace.
There has been a lot of talk recently about the importance of manufacturing to our economy. The NAM agrees, and we have put forth a set of policies in our Manufacturing Strategy that will help manufacturers grow and create jobs. Now is the time for our elected officials to work together to implement policies to put people back to work and allow for a more competitive manufacturing sector."
The National Association of Manufacturers is the largest manufacturing association in the United States, representing manufacturers in every industrial sector and in all 50 states. Manufacturing has a presence in every single congressional district providing good, high-paying jobs. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit www.nam.org.
