Right-to-Work Laws Won’t Bring Back Manufacturing: Ron Klain
By Ron Klain
Bloomberg
Feb 6, 2012
For most policy problems, there is usually a simple answer and a correct answer; they are rarely the same thing. That dilemma is evident in the debate about what the U.S. can do to boost its manufacturing sector.
One side was staked out by President Barack Obama in his State of the Union address. Building on the success of his rescue of the auto industry, the president set forth a multipronged approach toward a broader reinvigoration of manufacturing.
His proposal includes closing tax loopholes that subsidize companies that ship manufacturing jobs overseas and investing the savings in incentives to bring plants back home. Obama also called for doubling the tax deductions that high-tech manufacturers get for making products in the U.S., additional incentives for putting factories in hard-hit areas, and further tax disincentives for foreign operations.
The president also outlined an agenda for expanding trade in U.S. manufactured goods, cracking down on foreign manufacturers that don’t compete fairly, and implementing country-specific trade measures. In addition, he called for expanded programs to train workers in the skills they need to be qualified for new jobs in advanced manufacturing.
(More here.)
Bloomberg
Feb 6, 2012
For most policy problems, there is usually a simple answer and a correct answer; they are rarely the same thing. That dilemma is evident in the debate about what the U.S. can do to boost its manufacturing sector.
One side was staked out by President Barack Obama in his State of the Union address. Building on the success of his rescue of the auto industry, the president set forth a multipronged approach toward a broader reinvigoration of manufacturing.
His proposal includes closing tax loopholes that subsidize companies that ship manufacturing jobs overseas and investing the savings in incentives to bring plants back home. Obama also called for doubling the tax deductions that high-tech manufacturers get for making products in the U.S., additional incentives for putting factories in hard-hit areas, and further tax disincentives for foreign operations.
The president also outlined an agenda for expanding trade in U.S. manufactured goods, cracking down on foreign manufacturers that don’t compete fairly, and implementing country-specific trade measures. In addition, he called for expanded programs to train workers in the skills they need to be qualified for new jobs in advanced manufacturing.
(More here.)
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