NAM lauds Congressional action to support manufacturing

Paul V. Arnold, Noria Corporation

National Association of Manufacturers president John Engler on December 9 offered praise and gratitude to the 109th Congress for enacting legislation vital to manufacturing as it concluded its work and passed into history.

 

“In their final hours, members of the 109th provided America’s manufacturers a legislative shot in the arm, enacting important measures we have sought for the past two years,” Engler said.

 

In particular, Engler commended action allowing access to domestic energy supplies in the Outer Continental Shelf.

 

“Exploring the OCS is an important step toward a more abundant, flexible and affordable energy supply that is critical to the U.S. economy,” he said.

 

Turning to trade, Engler also praised inclusion of a number of key trade initiatives, including the Miscellaneous Tariff Bill (MTB), the Generalize System of Preferences (GSP), the Andean Trade Preferences Act (ATPA) and Permanent Normal Trade Relations for Vietnam.

 

“These are all critical trade programs for U.S. manufacturers and our trade partners in the development world,” he said.

 

The NAM also welcomed a seamless extension and strengthening of the research and development tax credit which is a proven innovation-spurring incentive used primarily by manufacturers, as well as provisions on health savings accounts (HSAs) that allow more employers to offer HSAs, and more employees to enroll in them.

 

“By sending the President legislation that increases our economic security and strengthens our competitiveness in the global marketplace, Congress has helped level the playing field for manufacturers,” Engler said. “This legislation is good for business and consumers. In its final hours, the 109th Congress has shown an impressive ability to work together. We applaud their efforts and look forward to a similar commitment to results when the 110th Congress convenes next month.”

 

The National Association of Manufacturers is the nation’s largest industrial trade association, representing small and large manufacturers in every industrial sector and in all 50 states. Headquartered in Washington, D.C., the NAM has 10 additional offices across the country. Visit www.nam.org for more information about manufacturing and the economy.

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