Obama promotes U.S. manufacturing in State of the Union speech
President Barack Obama said manufacturers must be rewarded for bringing jobs back to America from overseas and expanding operations in the U.S. to set a foundation for job creation and growth in the sector, Bloomberg reported.
According to the news outlet, the President continued to push for manufacturing the day after his address to Congress and the country, as he expanded on his proposals for encouraging growth in the sector on the campaign trail in Cedar Rapids, Iowa.
Bloomberg reported that Obama spoke at a manufacturing plant in the midwestern state, and outlined how the sector has been an engine of growth for the U.S. economy during the recovery. U.S. manufacturers have seen a rise in output and have added more than 300,000 jobs since December 2009, according to a White House fact sheet.
Obama called the manufacturing measures that he outlined in his speech as part of a "blueprint for an economy that is built to last- an economy built on American manufacturing, American energy, skills for American workers and a renewal of American values."
His speech outlined how the rest of the manufacturing industry can be supported by the government just like the American auto industry. Obama noted that government help could promote further growth in the sector.
"If you’re an American manufacturer, you should get a bigger tax cut," said the president. "If you’re a high-tech manufacturer, we should double the tax deduction you get for making your products here. And if you want to relocate in a community that was hit hard when a factory left town, you should get help financing a new plant, equipment, or training for new workers."
The speech received support from around the country, especially regions where manufacturing growth was targeted as a way to bolster the local economy.
Pennsylvania Senator Bob Casey noted that the State of the Union affects his constituents.
"I also look forward to more attention on the critical issue of manufacturing. Pennsylvania manufacturers have been hit hard by unfair trade practices by countries like China. The Senate has passed legislation to crack down on China’s currency manipulation," Casey said in a statement.
The senator went on to say that bringing jobs home from overseas would help people within his state who are looking for work, as bipartisan support could help to stimulate the sector through legislation and reform.