USW, Dow, DuPont support manufacturing legislation

Miles Moore
RUBBER & PLASTICS NEWS

Published: November 1, 2013 12:47 pm ET
Updated: November 1, 2013 12:49 pm ET

Related to this story

Topics Materials, Materials Suppliers
Companies & Associations Dow Chemical Co., DuPont Co.

WASHINGTON — A wide coalition of business and labor interests have expressed support for the "Manufacturing Jobs for America" initiative, a package of tax-related legislation designed to boost jobs in the manufacturing sector.

Twenty-two Democratic senators announced the campaign Oct. 29. The bills included in "Manufacturing Jobs for America," the senators said, would strengthen America's workforce, open markets abroad, create conditions necessary for growth and expand access to capital.

"When we make things here and grow things here, we create jobs here," said Sen. Debbie Stabenow of Michigan, a member of the Senate Finance Committee and chair of the Senate Manufacturing Caucus, in introducing the legislative package. "Manufacturing is the backbone of the middle class and our economy."

Among the measures that have been or will be introduced in the "Manufacturing Jobs for America" package are:

• The Bring Home Jobs Act, to end the tax loophole for corporations that move jobs overseas and cut taxes for businesses that move jobs to the U.S. from other countries;

• The New Skills for New Jobs Act, to expand programs for community colleges to partner with local businesses in training workers for highly skilled jobs;

• The Make it in America tax credit, to give businesses a tax break of up to 30 percent for producing clean energy technologies in the U.S.;

• A bill to raise to $200,000 the limit on expensing depreciable business assets; and

• A bill allowing credits against income tax for investing in small businesses.

Among the companies and organizations endorsing the "Manufacturing Jobs for America" program are the United Steelworkers union, the United Auto Workers union, the Alliance for American Manufacturing, DuPont Co., Dow Chemical Co. and the National Association of Manufacturers.

"If enacted, these proposals will have an immediate and significant impact," said AAM President Scott Paul. "We are hopeful that these proposals will translate into meaningful, bipartisan action to revitalize American manufacturing, which, in turn, will strengthen the whole of our economy."


Comments

USW, Dow, DuPont support manufacturing legislation

Miles Moore
RUBBER & PLASTICS NEWS

Published: November 1, 2013 12:47 pm ET
Updated: November 1, 2013 12:49 pm ET

Post Your Comments


Back to story


More stories

Image

EPA sets new rule for phthalate DnPP

December 24, 2014 11:25 am ET

A federal agency has issued new regulations for a phthalate used in PVC production.    More

Image

European polymer firms may face more pressure from US shale

December 24, 2014 9:57 am ET

InterBulk Group plc, the publicly-traded logistics group, has warned that European polymer markets would continue to come under pressure from new...    More

Image

Patents the springboard for Aussie company to play on global stage

December 22, 2014 4:19 pm ET

Obtaining patents on its technology is helping an Australian manufacturer of compostable and biodegradable plastic resins becoming a leading player...    More

Image

Swedish compounder makes first North American plastics acquisition

December 22, 2014 10:19 am ET

Swedish rubber compounder Hexpol AB has made its first North American plastics acquisition, buying the plastics compounding business of RheTech Inc....    More

China's Jinming honored as global partner by ExxonMobil

December 22, 2014 12:08 pm ET

Guangdong Jinming Machinery Co. Ltd. has been recognized as a global strategic development partner by ExxonMobil Chemical Co.    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events