A few months ago Nebraska Representative Lee Terry wrote a letter that was published in U.S. News and World Report. He wrote that we must create jobs in manufacturing to boost the economy and remain globally competitive.
He begins his letter by reminding us of the public outrage when it was discovered that the recent U.S. Olympic uniforms were made in China. He wrote, “But this incident reminds us that we can’t be complacent about our standing as the greatest manufacturing nation on earth.”
He gives a shout out to the 3M plant right here in Valley, Nebraska and says that in his district alone manufacturing is responsible for 40,000 jobs.
He cites new layers of red tape and taxes for forcing jobs overseas and crippling our competitiveness. Here are some key points:
- “Taxes and regulations make it 20 percent more expensive to manufacture in the United States than in the territory of our largest trading partners.”
- Manufacturing creates high-paying jobs, drives technological innovation, strengthens our national security, and generates more economic activity than any other sector. A strong America depends on a healthy manufacturing economy.
- The United States is still the world’s largest manufacturing economy.
- The United States produces over 18 percent of global manufactured products.
- Manufacturing supports approximately 17 million jobs in this country, accounting for about one out of every six private sector jobs.
Terry writes that “made in America” should cause pride in all Americans: “This nation was built upon the foundation of hard work, determination, and innovation. We are a nation of builders; we must do everything we can to unleash America’s potential and let American manufacturers succeed.”
Lee Terry is the new chairman of the House Energy and Commerce Subcommittee on Commerce, Manufacturing, and Trade.