Hoyer Statement on Manufacturing Report

For Immediate Release:

August 1, 2012

Contact:

Katie Grant, 202-225-3130

WASHINGTON, DC - House Democratic Whip Steny H. Hoyer (MD) released the following statement today after the Institute for Supply Management released a report showing that the manufacturing sector contracted slightly for a second consecutive month:

“After thirty-four consecutive months of robust growth, our manufacturing sector contracted slightly in July for the second month in a row, a sign we must do more to help manufacturers invest in new products, expand into new markets, and grow for the future.  But manufacturing companies are hampered by a deepening sense of uncertainty created by the lack of a serious effort by this Congress to enact comprehensive jobs legislation and make the investments we need in out-educating, out-innovating, and out-building our overseas competitors. 

“House Republicans have rejected opportunities to work with Democrats on our Make It In America plan to create jobs and help manufacturers compete.   Among the Make It In America bills we have introduced are measures to partner manufacturers with local colleges, so we can prepare more graduates for skilled manufacturing jobs; reduce import duties on certain raw materials used by U.S. manufacturers so they can lower their production costs; stop giving companies tax breaks for moving expenses when they relocate overseas;  and better enforce trade rules so U.S. manufacturers can compete on a level playing field.   None of these have even been allowed a vote on the Floor, nor have Republicans introduced their own comprehensive plan to create jobs and boost manufacturing. 

“I strongly urge Republican leaders to take today’s manufacturing contraction seriously, and I call on them to cease their opposition to comprehensive jobs legislation like Make It In America, which will end the uncertainty our manufacturers face and help revitalize that sector in a way that will put more Americans back to work in jobs that won’t be shipped overseas.”

###