Manufacturers: President’s Budget Inconsistent with Calls to Strengthen Manufacturing

Job Creators Stress Need to Address Entitlement and Tax Reform

National Association of Manufacturers (NAM) Senior Vice President for Policy and Government Relations Aric Newhouse issued the following statement in response to the release of the President’s budget for Fiscal Year 2013:

“Making difficult budget decisions in a time of slow growth, high unemployment and serious fiscal challenges is an opportunity for leadership. Now is the time for a pro-growth, pro-jobs reform of our tax code and entitlement programs to put manufacturers back to work and put the country on a path toward fiscal stability.

Unfortunately, the President‘s budget does not pursue that path. While manufacturers still face a 20 percent cost disadvantage with our major trading partners, today’s budget would make this hill even steeper with one job-killing tax increase after another. For example, raising taxes on energy producers, small businesses and other job creators will have a negative ripple effect across our economy. Instead of proposing to reform the tax code to make it simpler for manufacturing workers, the budget would make it even more complex and would leave the hard choices to bring our nation’s fiscal house back in order for another day.

The NAM has long advocated for comprehensive reforms that address the fundamental drivers of our national debt and for a tax system that allows manufacturers to compete in the global marketplace. Now is the time for a pro-growth, pro-jobs reform of our tax code and entitlement programs, not another series of tax increases that make it more difficult for manufacturing workers to compete and thrive.”

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