Hillary Clinton’s Plan to Win the Global Competition for Advanced Manufacturing Jobs
Hillary Clinton believes that raising incomes by creating good-paying jobs is the defining economic challenge of our time. Today, as part of her strategy to meet that challenge, Hillary is putting forward the core pillars of an agenda to win the global competition for manufacturing jobs and production. Manufacturing offers the kind of jobs that will help raise incomes for middle-class Americans, as well as provide a source of long-term growth and innovation.
Earlier this week, Clinton outlined a vision to end so-called “inversions” that let the largest multinationals shift earnings overseas and escape paying their fair share of U.S. taxes, putting American workers and domestic businesses – including small businesses – at a competitive disadvantage. Over the coming months, she will offer specific proposals under each of the pillars in her plan to win the global race for advanced manufacturing jobs. Today, she is highlighting a proposal for tax relief to drive investment and revitalize communities that have seen manufacturing jobs and production depart or are on the brink of closings or major layoffs. In combination, Clinton’s proposals on inversions and manufacturing will crack down on shifting profits overseas, and reward investment here at home.
As a Senator, Clinton co-founded the bipartisan Senate Manufacturing Caucus, fought Bush Administration efforts to cut support for manufacturing, and called for a “New Manhattan Project” to rebuild American manufacturing. Today’s announcement builds on her career-long commitment to manufacturing, as well as on her previous proposals to invest in renewable energy and rebuild America’s infrastructure – two major investments that will drive demand for manufacturing across the country, and strengthen our long-run competitiveness.
Manufacturing is critical to the U.S. economy. It is responsible for high-paying, high-skilled jobs, and a long-term driver of innovation that leads to new industries and the next generation of domestic jobs:
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https://www.hillaryclinton.com/p/briefing/factsheets/2015/12/07/winning-competition-for-global-manufacturing-jobs/
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Hillary clearly spells out her priorities!
•Make trade enforcement and leveling the playing field for American workers and businesses a critical presidential priority.
•Crack down on currency manipulation and work with labor and business to take tough actions against unfair trade practices and the theft – physical and virtual – of America’s inventions, both by using the laws we have and seeking new authority where existing rules aren’t enough.
•Boost resources to vigorously and consistently prosecute trade violations, for everything from investing in the latest technology to hiring trade analysts, subject-matter experts, and translators.
•Set a high bar for trade agreements, ensuring they create good American jobs, raise wages, and advance our national security.
