Rep. Ron Kind Introduces Bill to Strengthen American Manufacturing
Press Release
Today, U.S. Rep. Ron Kind (WI-3) introduced legislation to grow American manufacturing and create jobs by cutting taxes for American manufacturers.
"In Wisconsin, 16% of our private workforce is involved in the manufacturing sector; well above the national average of 9%. Investing in American manufacturing is critical to remaining competitive in a global economy," said Rep. Kind. "Reducing the effective tax rate gives our manufacturers greater opportunity to succeed globally and create jobs. It will help them keep facilities in Wisconsin, produce American goods, hire American workers, and continue to grow and innovate."
"As a Grower-Owned Cooperative, Ocean Spray is proud to support American manufacturing right here in Wisconsin and in other parts of the country," said Fran Podvin, a member of Ocean Spray Cranberries, Inc.'s Board of Directors. "With the passage of this bill, Ocean Spray can continue to invest in -- and create jobs at -- our manufacturing facilities in Wisconsin. We strongly support efforts to facilitate the needed investments in the rural communities supported by the U.S. cranberry industry and related agriculture industries and commend Representative Kind for his efforts to stimulate U.S. jobs and manufacturing."
"The Rebuilding American Manufacturing Act would have a positive impact on USA manufactures. It helps job growth and economic stability," said Jeff S. Darley, Executive Vice President & Chief Operating Officer of Darley & Co. "We must have tax reforms such as this in order to be competitive in the world market place. Darley supports this act, which will help us to invest in job growth and create more opportunities in a competitive playing field in the world market place."
The Rebuilding American Manufacturing Act (H.R. 2940), creates a new section of the tax code to promote American manufacturing by reducing the effective tax rate of domestic manufacturers to 20%. This will provide important benefits to firms that are investing and hiring domestically, and those firms can then use the savings to continue investments in innovation and growth here at home.
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