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Last updateMon, 15 Oct 2018 7pm

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Manufacturers Lobby Against Obama Tax Plan

Major U.S. manufacturing companies, including 3M Co and Ingersoll-Rand Co Ltd, lobbied U.S. lawmakers this week to hold back tax law changes proposed by President Barack Obama.

More than 300 executives of the National Association of Manufacturers met more than 100 lawmakers and staff on Capitol Hill, to persuade lawmakers to oppose Obama's tax proposals that many companies say will hamper their competitiveness in global markets.

Source: Reuters

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U.S. Trade Deficit Widens First Time in Eight Months

The U.S. trade deficit widened in March for the first time in eight months as the global economic slump pushed exports to the lowest level in more than two years.

The gap expanded 5.5 percent to $27.6 billion, smaller than forecast, from a nine-year low of $26.1 billion in February, Commerce Department figures showed today in Washington.

Source: Bloomberg

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Loss of Manufacturing Jobs Prevents Normal Recovery

Manufacturing is in intensive care in America. New data shows manufacturing productivity still falling and unit labor costs are still rising. In my experience, the opposite always happens in a recession – you get lean and mean. The productivity trend since 2000 has not been good anyway, but since the recession began things have gotten worse.

Source: Seeking Alpha

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Kohl Among Senators Urging Full Funding For Manufacturing

A group of 50 U.S. senators, including Sen. Herb Kohl of Wisconsin, has requested that a federal appropriations bill include $131.8 million in funding for the Manufacturing Extension Partnership.

The partnership is a nationwide network of not-for-profit centers in nearly 400 locations in all 50 states and Puerto Rico, whose purpose is to provide small- and medium-sized manufacturers with help in implementing the most advanced manufacturing technologies and processes to make them more competitive globally.

Source: Business Journal of Milwaukee

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Duke Energy Ditches Manufacturing Group

Duke Energy won’t renew its membership in the National Association of Manufacturers, in part because of disagreements with the lobbying group’s stance on climate change policy.

Duke, one of the largest utilities in the country, supports passing legislation that caps greenhouse gas emissions.

Source: Politico

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