It is almost tax time! See what some politicians are saying about tax relief to U.S. businesses: http://manzullo.house.gov/HouseMfgCaucus/News/DocumentSingle.aspx?DocumentID=276189#.TylNeVkGpSN.wordpress
A renewed focus on American manufacturing is a welcome trend this election year as politicians outline their business philosophy. Consider this excerpt (from the link at the beginning of this blog)…
“Manufacturing creates more jobs outside its sector than any other. According to the National Association of Manufacturers, every $1.00 in manufactured goods produces $1.37 in additional economic activity.
“As importantly, we are not just talking about yesterday’s manufacturing, but the advanced innovative manufacturing of tomorrow. These are industries our global competitors in Asia, Europe and elsewhere are investing in, such as high-tech electronics, alternative energy and advanced medical equipment.
“That is why, with many of these jobs being shipped overseas, we believe we must incentivize manufacturers to build their facilities here in the United States and invest in American workers. One way to do that is to reduce the effective tax rate on manufacturers.”
Everyone in business prefers a level playing field but the reality is different governments and cultures have varying degrees of influence on corporate behavior. This leads to corporate bias toward countries that amp up subsidies to woo business. We are encouraged every time the government of the USA considers ways to become more competitive in the global market.
May it be a prosperous year for all who call America home, especially our friends and colleagues in robots and automation. It is shaping up to be a great year! Tell us what you think needs to be done to keep business headed in the right direction.