What Should the 'State of the Union' Propose for Creating Jobs in the U.S.?
Recently, Alliance for American Manufacturing (AAM) Executive Director Scott Paul weighed in with the Obama Administration on some key items that need to be included in any State of the Union proposals for job creation. Paul emphasized themes that AAM has repeatedly called for, including investment in American industry, innovation, infrastructure.
As the president prepares for the State of the Union tonight, it's widely expected that a large focus of the speech will be on the need to reorient the U.S. economy toward "making things again." This is a drum AAM has been beating for a long time, and it's good to see the White House embracing such a message.
TAKE NOTE: Scott Paul will be live tweeting the speech tonight from @ScottPaulAAM
Paul outlined AAM's “wish list” on Huffington Post last week, with some key points:
- Eliminate our trade deficit through boosted exports, vigorous trade enforcement, and penalties for China's cheating on currency, subsidies and intellectual property. Congress and the Administration should approach the trade deficit with more vigor--it will make balancing the federal budget a whole lot easier.
- Investment in our nation's crumbling infrastructure that goes well beyond the Recovery Act projects. Where's our next Hoover Dam, Golden Gate Bridge, Erie Canal? The answer right now, unfortunately, is somewhere in China. We need to think big on high speed rail, a smart grid, universal broadband, and more efficient transportation arteries and hubs.
- Buy America policies--perfectly within our rights--that ensure tax dollars are reinvested in American workers.
- Focusing on skills and training for industrial careers. Germany begins preparing its manufacturing workforce at age 16. We warehouse those kids. It's no wonder we are falling behind.
- Revitalizing our innovation base, which is also moving offshore. We need federal investment to connect our great research universities, domestic manufacturers, and best private labs to make sure that the next technical breakthrough is not only invented here, but made here.
- A better tax structure for domestic production. Taxes for manufacturers who keep their production and income in the U.S. are high compared to our competitors. We should not give a blank slate to corporations, but rather target tax breaks to companies committed to investing those savings domestically.
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