Friends of Manufacturing

The Future of Manufacturing Under President Trump

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For the first time in years, the president is listening to concerns and ideas from manufacturers all over the nation. President Trump understands the value of a powerful manufacturing industry. As a result of the industry’s advancements, our country is benefiting globally as a leader in innovation. Every dollar invested in U.S. manufacturing adds another $1.81 to the economy. Additionally, manufacturing supports 18 million American jobs.

However, to keep up with changing technologies, companies must hire workers who have the skill set to meet the needs of new manufacturing jobs. To do so, the new administration and Congress must embrace new approaches to educate and train future manufacturing employees so that they can grow in their careers. 

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America’s Transportation Infrastructure Needs Immediate Attention

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What does a cross-country flight, a cargo ship transporting goods and the bus you ride to work all have in common? They are part of our country’s crucial transportation infrastructure. Manufacturers across the country rely on planes and ships to transport goods to consumers across the world, and workers rely on public transportation infrastructure to get them to work in a safe and timely manner.

However, with an estimated $15 billion in investments needed to upgrade ports and waterways and $86 billion needed in investments for public transit infrastructure projects, the country’s infrastructure is in need of immediate attention. 

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President Trump and Congress: Restore America’s Infrastructure

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From driving on major highways to traveling by boat through waterways to flying out of airports, millions of Americans and manufacturers depend on safe and strong infrastructure to get from one place to the next, to transport supplier goods and to ship products to customers overseas. However, the country’s infrastructure is in bad shape, jeopardizing Americans’ safety and threatening manufacturers’ competitiveness. With our roads, bridges, rails, airports, ports and waterways in serious need of repair, more than 2.5 million jobs are at risk.

Fortunately, the new Congress is making infrastructure a priority with a scheduled hearing in the House on Wednesday to discuss ways to upgrade our nation’s crumbling infrastructure. We urge members of Congress to listen to manufacturers’ testimony and move quickly to introduce infrastructure legislation that will reinvigorate our nation’s transportation system. 

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Prevent Costly Health Care Tax from Weighing Down Manufacturers

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Manufacturers want to maintain a healthy and happy workforce, and are committed to providing their employees with health insurance. In fact, 98 percent of manufacturers provide health insurance benefits to their employees. Unfortunately, rising costs and burdensome mandates under the Affordable Care Act have made it increasingly difficult for manufacturers to do so.

Furthermore, there is an additional looming health care threat set to take place unless Congress acts to repeal it now. The Health Insurance Tax (HIT) is a particularly burdensome provision that was included in the ACA, but implementation was delayed until 2018 by Congress. If implemented, this tax would significantly raise the cost of health care and provide an additional burden to employers who are already struggling to provide employees with health insurance.  Rising health care and insurance costs are already a top business challenge for manufacturers, and small manufacturing employers cannot handle another cost. 

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Repeal Burdensome Regulations That Hurt Manufacturers

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For the past eight years, manufacturers across the country have been forced to comply with several burdensome regulations that harm their ability to hire more employees or increase salaries for existing employees. These regulations do little except create administrative burden.

For example, federal regulations like the Department of the Interior’s (DOI’s) Venting and Flaring Rule and Stream Protection Rule (SPR), as well as the Federal Acquisition Regulatory (FAR) Council’s Blacklisting Rule are duplicative and excessive regulations. Each of these rules have negative consequences for manufacturers. 

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Manufacturers Welcome Plan to Roll Back Federal Regulations

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As President Trump and the new Congress shape their agendas for the upcoming months, manufacturers are pleased to hear that updating our nation’s regulatory system is a top priority. Burdensome federal regulations have been weighing manufacturers down and preventing job growth for the past eight years.

Regulations are important to ensuring safe work environments; however, manufacturers currently face 297,696 restrictions on their operations from federal regulations, according to a recent study by the National Association of Manufacturers. Many of these regulations are duplicative or unnecessary. Therefore it is critical that the Trump administration focus on streamlining the regulatory process. 

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Capitalize on Domestic Energy Resources to Strengthen Manufacturing

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Due to new technologies and access to diverse energy resources in the U.S., manufacturers benefit from reliable and affordable energy that wasn’t available a decade ago. From oil, coal, and natural gas to nuclear and renewables, America’s robust energy sector helps make America a desirable place to manufacture—which leads to American jobs and economic growth.

However, we need an “all of the above” long term energy plan to support innovation and continued development of diverse energy resources in America. President-elect Trump and the new Congress have an opportunity to create an energy future that would greatly benefit the entire nation and create millions of jobs. 

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Tax Reform Critical to Manufacturing Jobs

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Manufacturers and workers in the U.S. are suffering under the highest corporate tax rate in the developed world. Foreign competitors are rapidly expanding and hiring, while America has seen slow economic growth in recent years and an employment rate that doesn’t match up to our nation’s growth potential.

Pro-growth tax reform would increase GDP by $12 trillion over a ten year period and create more than 6.5 million American jobs, according to a study by the National Association of Manufacturers (NAM). It is far past time to update 30 years of outdated tax policy. 

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Manufacturers Need Regulatory Reform in 2017

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It’s 2017 and Inauguration Day is right around the corner. Campaign talk is over and manufacturers are ready to see real results under President-elect Trump and the new Congress. If President-elect Trump is serious about creating an environment that promotes growth and job creation in the U.S., manufacturers know a good place to start.

Over the last eight years, manufacturers have faced excessive and unnecessary regulatory burdens. According to a report by the National Association of Manufacturers (NAM), the total cost of federal regulations in 2012 was $2.028 trillion. These regulations disproportionately impact small manufacturers who pay $34,671 in regulatory compliance costs per employee per year. That’s money that should be used to reinvest in the company or hire new employees. 

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How to Keep Manufacturers Healthy and Productive

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Congress is back in session, Inauguration Day is quickly approaching, and manufacturers, workers, and families are hopeful that health care reform will be a top priority in 2017.  Due to rising health care and insurance costs, 54 percent of Americans disapprove of the Affordable Care Act (ACA), according to a study by the Pew Research Center.

For manufacturers, rising health care costs and burdens make it increasingly harder to provide good coverage options to their employees. In fact, according to a recent National Association of Manufacturers’ (NAM) survey, nearly 75 percent of members rank health care and insurance costs as a top business challenge. 

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