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

Citadel opens second compounding facility in China, near Shanghai

January 27, 2015 3:22 pm ET

Citadel Plastics Inc., the American manufacturer of thermoplastic and engineered composite compounds, has opened its second facility in China,...    More

Image

Sales, profit fall at DuPont

January 27, 2015 3:13 pm ET

Materials giant DuPont Co. will use almost all of the proceeds from an upcoming spinoff — one that includes its fluoropolymer and titanium...    More

Image

A. Schulman, Citadel continue buying blitz

January 27, 2015 11:32 am ET

A. Schulman Inc. and Citadel Plastics Inc. — two deal-happy materials firms — were at it again in the second half of 2014.    More

Image

It's becoming a seller's market for plastics firms

January 27, 2015 11:37 am ET

The pace of plastics mergers and acquisitions activity slowed a bit in the second half of 2014 — but market watchers have high expectations for ...    More

Image

Materials market sees more deals

January 27, 2015 11:26 am ET

Plastics materials deals showed modest growth in 2014, increasing 6 percent vs. their 2013 total.    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

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

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

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

More Events