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Business, Economy and Consumer Affairs

Manufacturers President Blasts Obama Rules Proposals In Purdue Speech

courtesy GE

In a speech that was touted as one which would show Purdue as a leader in the country’s new manufacturing economy, the President of the National Association of Manufacturers Tuesday focused instead on blasting the Obama Administration.

In a speech kicking off a nationwide tour, Jay Timmons spent a single paragraph on technology such as "3-D printing, nanoscale chemistry" and new medicines, but spent several minutes explaining why he feels the White House is working at cross-purposes with business interests.

“The president’s proposed punitive tax increases on investments and small businesses that just came out this week would stifle economic growth,” Timmons says.

Timmons also questioned the need for more regulations on business and lamented the fact some factories have had to do away with overtime pay.

While lauding Indiana for employing 30-percent of Hoosiers in manufacturing job, Timmons blasted the Obama Administration for proposals that would create new rules for businesses to follow.

“Regulation of greenhouse gases that would limit fuel choice. It would increase energy prices and it would make power less reliable," he says. "And [The President's] proposed ozone regulation could shut down facilities and force manufacturers to scrap expansion plans.”

Timmons also called for lowering the corporate tax rate, which he called the highest in the world, even though sources differ on the topic, noting how complex that metric is.

Timmons also called for more free trade agreements and echoed Indiana Governor Mike Pence’s State of the State speech call for an “all-of-the-above” approach to energy technology, which Timmons would like to see include construction of the Keystone XL pipeline.