The key to American manufacturing jobs is comprehensive tax reform

American jobs

As the head of a major U.S. manufacturing company, St. Louis-based Emerson, and the chairman of the National Association of Manufacturers, I’m often asked what America needs to do to grow manufacturing jobs right here at home in the age of globalization and automation. Last week, I testified in front of Congress to give my answer: comprehensive tax reform.

Manufacturers in the United States struggle to compete under a tax system with high tax rates, arcane international tax rules, and a significant compliance burden.

Since the last major reform in 1986, manufacturers in the United States have innovated, but the U.S. tax code has not. Now, manufacturers in the United States face the highest corporate statutory tax rate among developed nations, and rates for small manufacturing businesses can be even higher. In other words, we’re operating at a competitive disadvantage relative to manufacturers in other countries.

Read the Full Article at >>>>

It's only fair to share...Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInShare on RedditShare on TumblrEmail this to someone

Related Posts

Comments Closed

All content herein is owned by author exclusively. Expressed opinions are not necessarily the views of VT Jobs, VT Jobs, authors, affiliates, advertisers, sponsors, partners, technicians or Veterans Today Network and its assigns. In addition, all images within this post are the full responsibility of the author and NOT Veterans Today Network. Notices

Posted by on 8:05 am, With 0 Reads, Filed under Legislation. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.



You must be logged in to post a comment Login

From Veterans Today Network