Manufacturers on Bloomberg TV to discuss Obama's new energy taxes

The NAM's Jay Timmons appears on Bloomberg TV to discuss the Obama Administration's announcement of a $50 billion infrastructure proposal that would be offset by new energy taxes. Timmons speaks with Margaret Brennan on Bloomberg Television's "InBusiness." Jay ask's viewers and Congress to consider:

•Increasing manufacturing costs will stifle economic recovery, reduce hiring and create more uncertainty.
•73 percent of U.S. manufacturers pay income taxes at the individual rate (source: IRS)
•New energy taxes in return for infrastructure spending and business tax relief incentives will turn business against business and industry sector against industry sector.
•New energy taxes will only make it more difficult for U.S. manufacturers to compete, create jobs and contribute to the Presidents goal of doubling exports within five years.

The NAM has long advocated for important infrastructure initiatives, a strengthened, permanent R&D tax credit and 100-percent expensing of capital investments; however, these efforts should not be combined with jobs-destroying tax increases on energy.

In June 2010, the NAM launched its "Manufacturing Means Jobs!" campaign when it released "Manufacturing Strategy for Jobs and a Competitive America" to address fundamental challenges facing the U.S economy. The Strategy explains in clear terms what is at stake for manufacturing in the United States and provides a roadmap for policies that will enable manufacturing to create jobs and compete.

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[happystance6able]

Going into an election with bad polls because the public figured out lib Dems disdain them--that libs oppose what the public created in the marketplace--R&D is the perfect aspect for the Dems to extract from business and adopt as a mascot. It's the one thing the anointed can promote with passion, because it has nothing to do with what the benighted masses created and currently need and desire, allowing liberal politicians to pose as great visionaries. R&D will appear front and center this fall!

[GameICY]

I would pay 20% extra to have Made in USA products. I will go as far as buying used from ebay to avoid foreign made junk. Oct numbers say foreign car profits are flat while Domestic sales are growing along with profits. Looks like the UAW stepped up the pace or protectionism is growing??