Welcome!

Weblogic Authors: Elizabeth White, Michael Meiner, Michael Bushong, Avi Rosenthal

News Feed Item

The Manufacturing Leadership Council Issues Recommendations to Lawmakers to Avoid the 'Fiscal Cliff'

The group of 5,000 senior manufacturing executives urges the President and Congress to take action to sustain the nation's economic momentum and safeguard a healthy manufacturing sector

MOUNTAIN VIEW, Calif., Dec. 11, 2012 /PRNewswire/ -- The Manufacturing Leadership Council (MLC), an organization of senior executives committed to creating a better future for the industry, today urged President Obama and Congressional leaders to avoid the Fiscal Cliff by embracing a series of MLC recommendations that will help ensure economic prosperity in the years ahead.

The manufacturing industry has played a key role in fueling the nation's recovery from the depths of the recent Great Recession—by increasing productivity and innovation, aggressively seeking out emerging markets, and investing in capital equipment and breakthrough technologies. The Fiscal Cliff that now faces the country threatens to undo the gains that U.S. manufacturers have fought for over the past four years. Manufacturers already have seen orders fall, as customers in the U.S. and overseas pull back, due in large part to uncertainty raised by the Fiscal Cliff. As growth slows, manufacturers have had to postpone hiring and capital investments, undermining the nation's economic momentum.

"The Manufacturing Leadership Council is deeply concerned that the impasse in Washington over so-called Fiscal Cliff tax and spending policies could lead to serious economic consequences, including another recession that could damage not only the U.S. economy but the global economy as well, " said David R. Brousell, Vice President and Editorial Director for the MLC. "Given manufacturing's central role in the economy, the MLC is determined to help find a way forward."

Last Thursday, the MLC held a special, open meeting of its members as well as other companies and organizations in the manufacturing industry to discuss and devise recommendations on specific tax and spending policies to avoid the Fiscal Cliff.

The recommendations, which have been sent to President Obama and key members of the Senate and House leadership, are:

* The President and Congressional leaders must negotiate in good faith and with urgency to reach an agreement to avoid the Fiscal Cliff. MLC members favor a comprehensive agreement that addresses entitlement-program cost reductions in a way that sustains these programs over the long term, as well as increased taxes for high-income individuals.

* Policy-makers should look to limit the impact of tax increases on small and mid-sized, family-owned manufacturing companies, which are frequently taxed at individual, rather than corporate tax rates due to their status as S corporations or partnerships.

* Policy-makers should extend the payroll tax cut in order to avoid burdening middle-class families and increasing the likelihood of another recession.

* Policy-makers should increase the bonus depreciation on tangible property and retract the proposed changes to eliminate Safe Harbor for Routine Maintenance. Forcing manufacturers to depreciate these assets over extended periods reduces their incentive to invest in equipment that increases competitiveness and productivity, and reduces the production of large capital equipment.

* Policy-makers should make permanent the Research and Development Tax Credits that are due to expire. These tax credits are the single most-effective element of government's industrial policy, encouraging manufacturers to invest in new technologies that improve productivity and stimulate the economy.

* Policy-makers should avoid reductions in military spending, as such spending supports manufacturing and innovation.

* Policy-makers should allow extended unemployment benefits to expire. This would encourage more qualified workers to seek employment sooner rather than waiting for benefits to run out. However, Council members would welcome extended unemployment benefits in exchange for comprehensive reforms in entitlement spending.

* Specific, scheduled reductions in entitlement spending must be part of the Fiscal Cliff agreement. Policy-makers can no longer defer action on these important reforms, which are needed to reduce government spending and restore confidence in the economy. Among other reforms, policy-makers should consider raising the cap on Social Security withholding, and gradually extending the age for Social Security eligibility.

The MLC encourages other members of the manufacturing community and the nation to raise their voice to help protect the industry's vital role in economic prosperity. For more information, visit www.Manufacturing-Executive.com and www.ManufacturingLeadershipCouncil.com.

About the Manufacturing Leadership Council

The Manufacturing Leadership Council, a unit of Frost & Sullivan, offers an integrated portfolio of leadership networking, information, and professional development products, programs, and services for industrial executives worldwide. The Manufacturing Leadership Council's mission is to help senior executives define and shape a better future for themselves, their organizations, and the industry at large. The Manufacturing Leadership Council's integrated portfolio consists of the Manufacturing Executive website, an online global business network; the Manufacturing Leadership Council, an invitation-only executive organization; the annual Manufacturing Leadership Summit conference; the Manufacturing Leadership 100 Awards program; and the Manufacturing Leadership Journal. For more information, visit http://www.manufacturing-executive.com/index.jspa

Manufacturing Leadership Council members include representatives from companies such as Advanced Micro Devices, AT&T, Baxter Healthcare, Campbell Soup Company, Cisco Systems, Colgate Palmolive, Cummins, Dell, Dow Chemical, DuPont, Eaton, Ford, General Dynamics, Graphicast, Kennametal, Kohler, Lion-Vallen Industries, Lockheed Martin, Oracle, Owens Corning, Procter & Gamble, S&S Hinge Company, Steinwall, Inc., and VirTex Assembly Services.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. 

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.  
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible.  This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.  

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community.

Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?  

Contact Us:     Start the discussion

Join Us:            Join our community

Subscribe:       Newsletter on "the next big thing" 

Register:        Gain access to visionary innovation

Contact:
Mireya Espinoza
Frost & Sullivan
+1.210.247-3870
[email protected]

SOURCE Frost & Sullivan

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2017 New York. The 20th Cloud Expo and 7th @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Internet to enable us all to im...
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
"ReadyTalk is an audio and web video conferencing provider. We've really come to embrace WebRTC as the platform for our future of technology," explained Dan Cunningham, CTO of ReadyTalk, in this SYS-CON.tv interview at WebRTC Summit at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
"At ROHA we develop an app called Catcha. It was developed after we spent a year meeting with, talking to, interacting with senior citizens watching them use their smartphones and talking to them about how they use their smartphones so we could get to know their smartphone behavior," explained Dave Woods, Chief Innovation Officer at ROHA, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Fusion, a leading provider of cloud services, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Fusion, a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry’s single source for the cloud. Fusion’s advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including cloud...
Video experiences should be unique and exciting! But that doesn’t mean you need to patch all the pieces yourself. Users demand rich and engaging experiences and new ways to connect with you. But creating robust video applications at scale can be complicated, time-consuming and expensive. In his session at @ThingsExpo, Zohar Babin, Vice President of Platform, Ecosystem and Community at Kaltura, discussed how VPaaS enables you to move fast, creating scalable video experiences that reach your aud...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...