Manufacturing’s Greatest Days Lie Ahead

Manufacturing’s Greatest Days Lie Ahead

The manufacturing sector is looking healthy and profitable these days due to the election of our future President, Donald J. Trump. His policies of reinstating energy resources as well as reductions in taxes will generate the efficiency and capability of manufacturing businesses. The President-Elect issued a “Contract with the American Voter” in which he presents his intended goals for his first 100 days in office. He issues seven actions, with two being extremely advantageous¬†to manufacturing businesses. He states that he will lift restrictions that deal with bans on American energy reserves as well as eliminate Obama-Clinton roadblocks on energy projects, like the controversial¬†Keystone Pipeline. He will also cut taxes including that of the corporate tax. All of these policies will help stimulate the economy and increase job creation that will not only help the manufacturing sector but also the economic outlook as a whole. US News stated, “There is a general consensus that the U.S. manufacturing sector has the highest economic multiplier effect of any industry.”

 

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