Today, the Department of Labor released its May 2012 Jobs Report. For the 27th consecutive month, we continue to see private sector job growth, adding 82,000 jobs. While I'm pleased to see continued growth, we clearly have more work to do.
We must continue making smart investments that will help our economy grow and compete. We need to update our nation's aging infrastructure, focus on supporting job training, education and innovation, invest in our manufacturing sector, and provide tax relief to small businesses to help them grow and hire again. That's why I put together a Manufacturing Agenda that focuses growing the American manufacturing industry, putting people back to work and unleashing the innovative and competitive spirit of our country.
In fact, I introduced the Rebuilding American Manufacturing Act to do just that. My bill will lower the effective tax rate for domestic manufacturers to 20%, creating opportunities for them to better compete in a global economy. The billwill help them keep facilities in the Unites States, produce American goods, hire American workers, and continue to grow and innovate. This is a commonsense investment in America's future.