THE BUSH ADMINISTRATION'S
MANUFACTURING AGENDA
"'Made
in America' remains the global gold standard, the mark of the
highest quality and most innovative products on Earth. Our manufacturers
demonstrate the best in American jobs and American values, enhancing
our national competitiveness while improving lives around the
world."
-- Donald L. Evans, Secretary of Commerce |
The
Bush Administration is aggressively supporting American manufacturing
workers with a robust policy agenda that promotes an entrepreneurial
business climate, invests in innovation, and ensures our citizens
are protected and productive. From tax to trade to education to health
care, the President's agenda will improve manufacturing competitiveness
and create sustainable economic growth.
I.
PROMOTING AN ENTREPRENEURIAL BUSINESS CLIMATE
· PRO-GROWTH TAX POLICIES: The President took office
with a slowing economy about to enter a post-bubble recession. Since
then, the President has offered bold fiscal policies that provide
short-term stimulus and long-term growth. Many experts credit the
landmark 2001 tax relief package with shortening the length and impact
of the recession. The stimulus package passed in March 2002 included
increasing expensing for business capital expenditures by 30% for
three years, of particular importance to manufacturers. And in the
new jobs and growth package proposed this year, the President would
end double taxation of dividends, accelerate the 2001 tax relief,
and encourage job creating capital investment by increasing current
expensing limits - all high priorities of U.S. manufacturers
·
FREE AND FAIR TRADE: The President is deeply committed to free
and fair trade which will provide a level playing field and unfettered
access for U.S. manufacturers to global markets. Despite inheriting
a trade agenda that failed in Congress and stalled in Seattle, the
President secured trade promotion authority from Congress and re-energized
the WTO process in Doha. The Bush Administration is fighting for American
workers and consumers on the world stage by pushing for a world free
of duties by 2015, new bilateral free trade agreements, a Free Trade
Area of the Americas, for substantial reform of the export control
regime, and for replacing the FSC tax provision with WTO compatible
rules. The President's trade priorities will enhance economic growth,
create better paying jobs, raise standards of living, and promote
freedom.
·
LIABILITY REFORM: Frivolous lawsuits don't create jobs or help
grow our economy. Excesses of the tort liability culture hinder American
workers and manufacturers through increased health care costs and
increased liability insurance premiums. While consumer protection
remains our paramount concern, and people who have been harmed deserve
their day in court, we can and must pass common sense medical liability
reforms.
·
RESPONSIBLE CORPORATE STEWARDSHIP: While the vast majority
of American business leaders exemplify the character and values on
which our free enterprise system rests, wrongdoing in the late 1990s
by a few executives caused a serious confidence crisis in our markets.
In response the Administration has taken aggressive steps to restore
investor confidence and pensioner trust, investigating and prosecuting
those who broke the law and closing loopholes to increase investor
information.
II.
INVESTING IN INNOVATION AND TECHNOLOGIES FOR TOMORROW
·
RESEARCH & DEVELOPMENT: The Administration is committed
to maintaining American leadership in technology development and commercialization.
Americans will never win the game to see who can pay their workers
less - we don't want to, and continued innovation means we will not
have to. Innovation excellence starts with research and development,
and since taking office the President has proposed record levels for
federal R&D -- $123 billion in 2004, up over 25% since taking
office. In addition, since 2/3rds of our national R&D is performed
by the private sector, the President has asked Congress to make the
R&D tax credit permanent - a long-time priority for advanced manufacturers.
·
DEVELOPING STANDARDS AND COORDINATING FEDERAL EFFORTS: As the
principal non-tariff barrier to American goods reaching markets around
the world, standards and technical regulation can be an obstacle to
the free flow of commerce. The Administration is working with principal
trading partners, government agencies and industry to develop a global
strategy that will get US products to the international marketplace
faster and cheaper. The National Institute of Standards and Technology
(NIST) is leading a team of six federal agencies to address manufacturing
research and development issues across the federal government. The
Administration continues to offer US manufacturers a wide number of
useful services to meet technical challenges and improve measurement
capabilities.
· INTELLECTUAL PROPERTY PROTECTION: For any knowledge-based
economy to succeed, it needs to protect intellectual property. Advanced
manufacturers are especially dependent upon strong and consistent
protections that allow them to recoup their investments in advanced
technologies and capitalize upon their innovations. The Bush Administration
has made international enforcement of intellectual property rights
a top priority, at the same time dedicating the needed resources to
improve operations (higher quality, faster turnaround) at the US Patent
& Trademark Office, and we are working with our trading partners
to achieve an electronic, globally harmonized patent system. The President
has also dedicated $1.404 billion in his FY2004 budget for the U.S.
Patent and Trademark Office in order to improve quality and implement
e-government initiatives for patent and trademark application processes.
In addition, the President's budget reflects DOC's efforts to eliminate
the practice of using USPTO fee revenues for unrelated federal programs.
·
INFORMATION INFRASTRUCTURE: The American economy has become
a knowledge-based system. From basic service jobs to advanced manufacturing,
our success in the 21st century will depend heavily upon our information
infrastructure, particularly our ability to access and use high-speed
information networks. The Bush Administration has aggressively promoted
broadband deployment and usage, while taking comprehensive steps to
more efficiently manage the radio spectrum.
·
ENERGY & CONSERVATION: The Bush Administration is committed
to sound conservation policies that use technology to promote energy
efficiency, reduce our dependence on foreign oil and improve our environment.
Because the greatest progress will come about not through litigation
and regulation, but through technology and innovation, the President
has proposed investing over $1 billion in hydrogen fuel cells and
fusion energy research. We have proposed a national energy plan that
encourages greater efficiency, increases domestic production, improves
conservation and invests hundreds of millions more into Global Climate
Change research and understanding.
III. PROTECTED AND PRODUCTIVE CITIZENS
· NATIONAL SECURITY: For our economy and society to
move forward, we need to protect our citizens around the world. Since
September 11, this President has taken bold steps to establish a homeland
defense infrastructure, harden U.S. targets, better inform citizens,
and hunt and destroy terror networks around the world. Our manufacturing
base remains central to our overall security efforts, developing more
effective weapons and protective technologies, working closely with
first-responders and military planners and strengthening its own infrastructure
against vulnerabilities.
·
EDUCATION REFORM AND WORKFORCE RETRAINING: To remain globally
competitive - both as a tech-led economy and as the most-inclusive
opportunity society - we must place education first, and that's what
President Bush is doing. The Administration successfully passed the
No Child Left Behind Act in 2001, and we're now working to implement
this landmark education reform. We are also improving math and science
learning, while the Department of Labor's new 21st Century Workforce
Initiative strives to ensure retraining systems that maintain the
U.S. skills advantage in manufacturing.
·
HEALTH CARE REFORM: The President is committed to high quality,
affordable health care for all Americans, declaring that "we
must work toward a system in which all Americans have a good insurance
policy, choose their own doctors, and seniors and low-income Americans
receive the help they need. Instead of bureaucrats and trial lawyers
and HMOs, we must put doctors and nurses and patients back in charge
of American medicine." The Administration is working to modernize
and improve Medicare, give seniors better access to preventive medicine
and new drugs, and reform a medical liability system in which frivolous
lawsuits drive good doctors and nurses out of the profession and increase
costs for all workers.