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2022-10-22

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Obama announced high-profile tax incentives to revitalize the U.S. manufacturing industry

China Construction machinery information

Guide: on January 24, U.S. President Barack Obama delivered his third state of the Union address in Congress, announcing high-profile revitalization of the U.S. manufacturing industry, and said that the government would provide tax incentives to promote the return of manufacturing enterprises to the United States. At present, the labor cost and energy cost of manufacturing industry in the United States have been reduced

On January 24, U.S. President Barack Obama delivered his third state of the Union address in Congress, announcing the revitalization of the U.S. manufacturing industry, and said that the government would provide tax incentives to promote the return of manufacturing enterprises to the United States. At present, the labor cost and energy cost of the manufacturing industry in the United States have been reduced, and the tax reduction undoubtedly adds a "driving force" to the return of the manufacturing industry. However, many people are skeptical about the effect of this supportive policy. The return trend of "made in America" does not seem very clear

Obama pointed out in his speech that "now is the best opportunity to return the manufacturing industry to the United States". He proposed to increase taxes on multinational enterprises and enterprises that transfer manufacturing capacity abroad, and give preferential tax treatment to the manufacturing industry that increases domestic employment

2015 is comparable to China

according to the statistics of the U.S. Department of labor, the number of manufacturing employment in the United States increased by 1.9% year-on-year in 2011, reaching 11.79 million, achieving positive growth for two consecutive years. In the 1950s, one in three people in the United States was engaged in manufacturing, which is now reduced to only one in ten

one of the reasons why the United States once again attaches importance to manufacturing is the decline of labor costs. Boston Consulting Group believes that after the financial crisis, the productivity of the southern United States has improved, but the wage cost has decreased, which is expected to be equal to China's manufacturing industry with rising wages in 2015

as Obama said in his speech, the U.S. auto industry is returning. Ford shifted its parts production from China and Mexico to the United States; General Motors has strengthened its domestic production in the United States, investing US $7.1 billion domestically and planning to produce high-quality vehicles; Ford, general motors and Chrysler have created 20000 new jobs in the United States

overseas enterprises also began to build factories in the United States. In 2011, maitexin Aluminum Co., Ltd. is a national high-tech enterprise focusing on the technical process of aluminum alloy smelting process, special equipment and professional materials for tensile test of thermal insulation materials, which are often used to detect thermal insulation materials and adhesives. Siemens of Germany has built a new gas turbine plant in the United States, and Toyota Motor has also started a new plant in Mississippi in the southern United States

in addition, the reduction of energy costs in the United States has also played an important role in enhancing the competitiveness of the manufacturing industry. Through the development and expansion of production of new natural gas, known as the "shale gas revolution", natural gas prices in the United States have continued to fall. The petrochemical industry and the steel industry in the United States compete to build plants that use natural gas as fuel or raw material. In 2011, American Chemical giants Tao 5 and NDW (1) 000 microcomputer controlled change experimental machines; Torsion angle meter/torsion angle resolution: 0.0001 °; Vernier caliper; S. chemical announced plans to build petrochemical plants in the United States for the first time in 16 years

Some experts doubt whether it can be achieved. However, as the tax reform promised by Obama in his previous policy agenda has not been achieved, the energy policy that claims to be committed to the development of all available energy is also hesitant. Therefore, the U.S. industry is skeptical about how much Obama's policy can achieve

Thomas Donahue, chairman of the American Chamber of Commerce and industry, said on January 24 that "increasing employment should be achieved by promoting enterprise activities, rather than excessive government intervention". He was worried that expanding fiscal expenditure and tax cuts would have a negative impact

in addition, there are different voices in the United States. Some people believe that "manufacturing is not needed", but they agree that to maintain the world's leading technological innovation ability, "manufacturing is indispensable". Obama also said in his speech that "innovation is the driving force for the sustainable development of the United States". He also called for the abolition of institutional restrictions that are not conducive to enterprise financing, tax cuts for small and medium-sized enterprises that contribute significantly to employment, and the solution of the mismatch between vocational training and employment. This means that the return of American manufacturing is not an easy task