NAM supports Bush’s investment incentive plan
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Manufacturing News, Source : TheManufacturer.com
Published : 13 Jan 2003 21:01
The National Association of Manufacturers (NAM) has expressed support for President Bush’s economic stimulus plan that will encourage more aggressive investments in stock and new capital investments by business.
“We especially appreciate the President’s recognition of the loss of manufacturing jobs,” said Jerry Jasinowski, president of the NAM. “The President’s proposal will deliver direct aid to the displaced workers who have been hardest hit by this downturn and help them weather the storm.
“The President has proposed a big, bold plan because that is what is needed to get growth high enough to put people back to work,” said Jasinowski. “The cut in individual tax rates will help shore up consumer and investor confidence and income. It’s important to remember that individual rate cuts are a powerful stimulant to small business investment and job creation.”
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