At the Netroots Nation convention today in Las Vegas, Speaker Nancy Pelosi talked about an upcoming Congressional initiative to help restore American manufacturing. The initiative, called “Making It In America” will include a series of bills to be introduced after the summer recess.
A few days ago Politico wrote about the upcoming initiative,
Democrats are priming the House floor for a manufacturing agenda they hope will bolster the economy, produce easy bipartisan votes and boost their chances in the midterm elections — at least if the polls they’re using are on target.
Speaker Nancy Pelosi (D-Calif.) teased the plan — sometimes dubbed “Making It in America” — after a White House meeting with President Barack Obama last week. The agenda appears to be the Democrats’ final pre-election push to clear the deck of jobs-related bills that have been sitting around for months.
Democrats plan to present the agenda as a means of creating jobs, promoting green manufacturing through tax credits and grants and enhancing national security by rebuilding the domestic manufacturing sector at a time when many Americans are worried about China’s strength, according to aides.
The Politico story referred to the impact made on members of Congress by a new poll from the Alliance for American Manufacturing. According to the poll,
A majority believe the U.S. no longer has the world’s strongest economy—a title they want to regain Voters are anxious about the economy—specifically China debt, spending and loss of manufacturing 86% of voters want Washington to focus on manufacturing, and 63% feel working people who make things are being forgotten while Wall Street and banks get bailouts Two-thirds of voters believe manufacturing is central to our economic strength, and 57% believe manufacturing is more central to our economic strength than high-tech, knowledge or financial service sectors Across all demographics, voters’ economic solutions center on trade enforcement, clean energy, tax credits for U.S. manufacturing and replacing aging infrastructure using American materials, a surprising overlap between Tea Party supporters, independents, non-union households and union households.
Wednesday the House passed the first bill of the initiative, H.R. 4380, the U.S. Manufacturing Enhancement Act, to help American manufacturers by temporarily suspending or reducing duties on materials these companies use that are made abroad or opposed by domestic producers.
California Rep. John Garamendi has introduced three bills to close corporate tax loopholes that reward the off-shoring of jobs and end taxpayer subsidies for foreign-produced clean energy technology, buses, railcars, and ferries.
Garamendi says “I want to walk into Target and see “Made in America” throughout the store. We can make it in America,”
At Netroots Nation Speaker Pelosi also said that Congress is looking at addressing the China currency problem, where China is manipulating its currency to give goods made there a huge pricing advantage. She also pointed out that China imposes many other barriers to free trade, including not allowing American companies to bid on government procurement, even when the goods are made in China.
I will be writing more on this, but it is a breaking story and I want to get the news out.