WASHINGTON, D.C., December 8, 2006 – The National Association of Manufacturers today welcomed the House of Representatives’ action on domestic energy, R&D and trade, calling the bills (H.R. 6406 and H.R. 6111), “historic legislation to boost economic and energy security, and strengthen our standing in the global marketplace.”
“This legislation breaks new ground in providing relief to American’s consumers and industry,” NAM President John Engler said. “There is no question that our nation’s leadership depends upon manufacturing, and these bills will go far toward keeping factories running and jobs in America. It's imperative the Senate follow suit and get a bill to the President’s desk.”
In particular, Engler commended action allowing access to domestic energy supplies in the Outer Continental Shelf (OCS). “Exploring the OCS is an important step toward a more abundant, flexible and affordable energy supply that is critical to a strong U.S. economy,” Engler said.
Turning to trade, Engler also praised inclusion of a number of key trade initiatives, including the Miscellaneous Tariff Bill (MTB), the Generalized System of Preferences (GSP) , the Andean Trade Preferences Act (ATPA) and Permanent Normal Trade Relations for Vietnam. “These are all crucial trade programs to U.S. manufacturers and our trade partners in the developing world,” he said.
The NAM also welcomed a seamless extension and strengthened R&D tax credit, which is a proven innovation-spurring incentive used primarily by manufacturers, as well as provisions on health savings accounts (HSAs) that allow more employers to offer and more employees to enroll in HSAs.The HR industry´s premier online community and resource for Human Resource professionals: HR, human resources, HR community, human resources community, HR best practices, best practices in human resources, online communities for HR, HR articles, HR news, human resources articles, human resources news, HR events, leadership, performance management, staffing and recruitment, benefits, compensation, staffing, recruitment, workforce acquisition, human capital management, HR management, human resources management, HR metrics and measurement, organizational development, executive coaching, HR law, employment law, labor relations, hiring employees, HR outsourcing, human resources outsourcing, training and development
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