New Report: The Challenges to Manufacturing

NAM (Wood) - The National Association of Manufacturers and the Council of Manufacturing Associations...released a new report today that reaffirms the importance of manufacturing to the U.S. economy but points out the mounting challenges. The report, “Manufacturing Resurgence – A Must for U.S. Prosperity,” is the third in a series of economic reports by Joel Popkin and Company featuring data and analysis about the importance of U.S. manufacturing to the nation’s economy.

The report recommends numerous strategies to create manufacturing jobs and stimulate manufacturing innovation and productivity, including:

• Reduce  the corporate income tax rate
• A permanant R&D tax credit 
• Make policy decisions now to  guide private-sector R&D  investments in clean energy technologies
• Improve the U.S. education system, especially in the science, technology, engineering and math fields (STEM);
• Support small business viability by widening the lowest corporate income tax bracket
• Invest in all levels of infrastructure.