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

Commerce Department agrees to investigate PET dumping complaint

April 1, 2015 1:42 pm ET

UPDATED — A flood of alleged low-priced PET resin imports has led three U.S. PET makers to seek anti-dumping duties.    More

Image

Fire at Texas plant could impact polypropylene market

April 1, 2015 11:21 am ET

UPDATED — No injuries were reported in a March 30 fire at an ExxonMobil Chemical propylene unit in Beaumont, Texas — but the incident...    More

Image

Solegear raising funds as it debuts on TSX Venture stock exchange

April 1, 2015 11:08 am ET

A fledgling bioplastics company has raised capital for growth and obtained a listing on the TSX Venture stock exchange.    More

Image

Lanxess merges PU additives into Rhein Chemie division

April 1, 2015 9:17 am ET

German resin company Lanxess AG has combined the activities of the former Rhein Chemie and its Lanxess functional additives business into a new Rhein ...    More

Image

North American Pipe unit lab to focus on 'modern, innovative' formulations

March 31, 2015 3:25 pm ET

North American Specialty Products LLC — a unit of North American Pipe Corp. — has opened a new material science lab in Leola, Pa.    More

Market Reports

Trends in Resin Distribution

The growth of the North American resin distribution market is undeniable - and industry analysts are confident that growth will continue in 2015 and beyond.

This new report analyzes market trends and provides data on historical sales trends for PE (distribution and resellers), PolyOne Distribution figures, U.S. ethylene expansions based on shale gas and natural gas production by category to 2035.

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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

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

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

More Events