Kerry stumps on manufacturing
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Manufacturing News, Source : TheManufacturer.com
Published : 29 Apr 2004 16:19
Democratic presidential candidate John Kerry yesterday unveiled what he called his three-point plan for American manufacturing to a crowd at Washtenaw Community College in Ann Arbor, Michigan.
"The simple fact is that in the 21st century economy, America must engage in the global economy. We can't thrive if we don't," Kerry said. To make that happen, he spoke about a number of strategies: reduce costs, such as health care premiums, for American businesses; put an end to special tax breaks for companies creating jobs overseas; and invest in new industries and equipment.
"To begin with, I will establish manufacturing business investment corporations to give venture capital and start-up financing to small and medium-sized manufacturing companies. These companies are often the lifeblood of larger urban areas and smaller towns and outlying communities. The program is modeled on the successful Small Business Investment Company, which, over the years, has provided start-up capital to businesses like Intel, America Online, Apple, and Federal Express, just to name a few," Kerry said.
Kerry also proposed to double the funding for the Manufacturing Extension Partnership a program the Bush Administration has proposed cutting it by a ninety percent. For a full transcript of Kerry's speech, go to http://releases.usnewswire.com/GetRelease.asp?id=161-04282004
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