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Get Ready For A Huge Obama Backed Manufacturing Surge
Get Ready For A Huge Obama Backed Manufacturing Surge
President Obama has made it his priority to invest in America, specifically in manufacturing and infrastructure. His 2013 budget, which will most likely be opposed by every Republican calls for $350 billion in short-term measures for job growth, and a six-year, $476 billion proposal for roads and other surface transportation projects according to the Wall Street Journal.
President Obama is also talking about the largest sweeping reform to the tax code since President Reagan did it in 1986. His recent call is to lower the corporate income tax as well as close all the bullet holes shot into the tax code by special interests.
In a report by Reuters oil and gas subsidies will be eliminated, while increasing tax breaks for high tech companies. Republicans are crying foul on this. In President Obama’s proposal there will be enormous tax credits and breaks for patriotic companies who choose to stay here in the United States rather than move American jobs to foreign low wage countries. This is sure to increase employment in America as well as increase wages for American families who have seen their income remain stagnant or drop for too many years.
Now getting back to the manufacturing sector, a recent report by the Empire Fed, they asked companies about investing and capital expenditures. The survey showed that the companies want to increase capital investments by 29% over last year.
<SNIP>
Full article here: http://www.politicususa.com/en/manufacturing-surge
President Obama is also talking about the largest sweeping reform to the tax code since President Reagan did it in 1986. His recent call is to lower the corporate income tax as well as close all the bullet holes shot into the tax code by special interests.
In a report by Reuters oil and gas subsidies will be eliminated, while increasing tax breaks for high tech companies. Republicans are crying foul on this. In President Obama’s proposal there will be enormous tax credits and breaks for patriotic companies who choose to stay here in the United States rather than move American jobs to foreign low wage countries. This is sure to increase employment in America as well as increase wages for American families who have seen their income remain stagnant or drop for too many years.
Now getting back to the manufacturing sector, a recent report by the Empire Fed, they asked companies about investing and capital expenditures. The survey showed that the companies want to increase capital investments by 29% over last year.
<SNIP>
Full article here: http://www.politicususa.com/en/manufacturing-surge
10 replies
= new reply since forum marked as read
= new reply since forum marked as read
more bad news for Republicans. 
Julie
