This strategy is a blueprint for competitiveness that will unleash the economy and manufacturing’s outsized multiplier effect. Importantly, manufacturers’ aspirations—the four goals laid out in the pages that follow—are ones that all Americans who want to maintain our country’s economic advantage can rally around.
Manufacturers: Overregulation is Hurting Economic Growth
The NAM Outlines Concerns in Letter to Chairman Issa
Washington, D.C., 06/05/12 - As our nation’s economy has stalled and much uncertainty remains, manufacturers are telling Congress overregulation is hurtful to job creation and economic growth. Manufacturers continue to face burdensome regulation after regulation from Washington.
In a letter to House Oversight and Government Reform Committee Chairman Darrell Issa (R-CA), the National Association of Manufacturers (NAM) identifies harmful regulations such as the Environmental Protection Agency’s Boiler MACT, National Ambient Air Quality Standards, Utility MACT and greenhouse gas regulations, as well as the National Labor Relations Board’s posting notice requirement and ambush elections rules.
“Currently, it is 20 percent more expensive for manufacturers to do business in the United States compared to nine of our major trading partners,” said NAM President and CEO Jay Timmons. “Unnecessary and burdensome regulations are driving up costs, making it difficult for manufacturers to hire. With slower job growth last month, it is clear that manufacturers need Washington to step up and cut the regulatory burden stifling growth.”
Manufacturers are urging Congress to permanently reform our regulatory system to ensure it promotes economic growth, innovation, competitiveness and job creation.
To view the letter, please click here.