{"id":1840095,"date":"2023-02-08T14:49:17","date_gmt":"2023-02-08T19:49:17","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1840095"},"modified":"2023-02-08T14:51:22","modified_gmt":"2023-02-08T19:51:22","slug":"biden-took-victory-lap-during-state-of-the-union-for-strong-manufacturing-sector-industry-leader-says-trump-deserves-the-credit","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-took-victory-lap-during-state-of-the-union-for-strong-manufacturing-sector-industry-leader-says-trump-deserves-the-credit\/","title":{"rendered":"Biden Took Victory Lap During State Of The Union For Strong Manufacturing Sector. Industry Leader Says Trump Deserves The Credit."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">40<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-took-victory-lap-during-state-of-the-union-for-strong-manufacturing-sector-industry-leader-says-trump-deserves-the-credit%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1840095&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<p>The nation\u2019s most influential manufacturing association said former President\u00a0<a class=\"c-link c-link--focus-visible\" tabindex=\"-1\" href=\"https:\/\/www.dailywire.com\/topic\/donald-trump\" target=\"_blank\" rel=\"noopener noreferrer\" data-stringify-link=\"https:\/\/www.dailywire.com\/topic\/donald-trump\" data-sk=\"tooltip_parent\" data-remove-tab-index=\"true\">Donald Trump<\/a>\u00a0is responsible for the strong performance of the industry after President\u00a0<a class=\"c-link c-link--focus-visible\" tabindex=\"-1\" href=\"http:\/\/dailywire.com\/topic\/biden-administration\" target=\"_blank\" rel=\"noopener noreferrer\" data-stringify-link=\"http:\/\/dailywire.com\/topic\/biden-administration\" data-sk=\"tooltip_parent\" data-remove-tab-index=\"true\">Joe Biden<\/a>\u00a0During his tenure, he repeatedly claimed credit for the sector&#8217;s growth.\u00a0<a class=\"c-link c-link--focus-visible\" tabindex=\"-1\" href=\"https:\/\/www.dailywire.com\/topic\/state-of-the-union\" target=\"_blank\" rel=\"noopener noreferrer\" data-stringify-link=\"https:\/\/www.dailywire.com\/topic\/state-of-the-union\" data-sk=\"tooltip_parent\" data-remove-tab-index=\"true\">State of the Union<\/a>\u00a0Address on Tuesday.<\/p>\n<p>Biden noted in his <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/speeches-remarks\/2023\/02\/07\/remarks-of-president-joe-biden-state-of-the-union-address-as-prepared-for-delivery\/\" target=\"_blank\" rel=\"noopener\">Speech<\/a> The United States has created almost 800,000 manufacturing jobs in the last two years. This is a claim that aligns well with <a href=\"https:\/\/data.bls.gov\/timeseries\/CES3000000001?output_view=net_1mth\" target=\"_blank\" rel=\"noopener\">Data<\/a> According to the Bureau of Labor Statistics, this is the sector&#8217;s fastest job growth in over 40 years. The growth was attributed to legislative packages like the CHIPS and Science Act.<\/p>\n<p>\u201cWhere is it written that America can\u2019t lead the world in manufacturing again? For too many decades, we imported products and exported jobs,\u201d Biden asserted. \u201cNow, thanks to all we\u2019ve done, we\u2019re exporting American products and creating American jobs.\u201d<\/p>\n<p>National Association of Manufacturers CEO Jay Timmons responded to the emphasis on the industry by supporting the Biden administration\u2019s legislative agenda while docking him for not supporting the Tax Cuts and Jobs Act, which was signed by Trump at the beginning of his administration. Timmons is the president of Timmons&#8217; trade association <a href=\"https:\/\/www.nam.org\/about\/\" target=\"_blank\" rel=\"noopener\">Replies<\/a> Nearly 80% of Fortune 100 companies stated that reforms have created the foundation for a strong sector.<\/p>\n<p>\u201cThe President should be commended for the historic, bipartisan accomplishments of the past two years,\u201d Timmons spoke in a <a href=\"https:\/\/www.nam.org\/timmons-americas-success-and-leadership-depend-on-a-strong-competitive-manufacturing-industry-20681\/\" target=\"_blank\" rel=\"noopener\">Statement<\/a>. \u201cHowever, the President misses the mark in not recognizing that the historic tax reforms of 2017 and the previous administration\u2019s efforts to promote regulatory certainty helped lay the foundation for the recent success in creating jobs, increasing investment and raising wages.\u201d<\/p>\n<p>Timmons stated that the lawmakers were not included. \u201cshould immediately reinstate critical tax deductions for the costs of research, machinery purchases and key business investments.\u201d Recent Analyst Reports <a href=\"https:\/\/www.dailywire.com\/news\/how-one-key-sunset-in-the-tax-code-will-deal-a-blow-to-innovation\" target=\"_blank\" rel=\"noopener\">Not noted<\/a> A provision of the federal tax code which allowed companies to immediately deduct research-and-development expenses was repealed. The change was argued to reduce innovation. The provision was not extended by lawmakers for the new tax year.<\/p>\n<p>\u201cRestoring these tools is essential to keep up the pace of manufacturing job creation and to out-innovate and outcompete China,\u201d Timmons. \u201cAnd to truly unleash manufacturing investment, fully realize the potential of the infrastructure law and achieve energy security in America, we need a smarter, balanced approach to regulations and significant permitting reform so that projects don\u2019t languish for years in a bureaucratic mess.\u201d<\/p>\n<p>Timmons also cited \u201cbroken immigration system\u201d This has allowed us to create a \u201cborder crisis,\u201d He suggested that manufacturers should embrace immigration reform to help them fill vacant positions. According to, there are currently 2 open positions for each unemployed person. <a href=\"https:\/\/www.bls.gov\/charts\/job-openings-and-labor-turnover\/unemp-per-job-opening.htm\" target=\"_blank\" rel=\"noopener\">Data<\/a> According to the Bureau of Labor Statistics, this phenomenon has led to inflationary pressures because companies increase wages and pass higher input costs to consumers.<\/p>\n<p>According to the Biden administration, as many as 5.5 Million migrants have entered the United States since its inception. <a href=\"https:\/\/www.prnewswire.com\/news-releases\/fair-analysis-5-5-million-illegal-aliens-have-crossed-our-borders-since-biden-took-officehow-is-secretary-mayorkas-still-employed-301658734.html\" target=\"_blank\" rel=\"noopener\">Data<\/a> The Federation for American Immigration Reform. The commander in chief exhorted lawmakers not to pass legislation that would allow some workers to become citizens.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The nation\u2019s most influential manufacturing association said former President\u00a0Donald Trump\u00a0is responsible for strong performance in the industry after President\u00a0Joe Biden\u00a0repeatedly took credit for growth in the sector during his\u00a0State of the Union\u00a0address on Tuesday. Biden noted in his speech that the United States has created nearly 800,000 manufacturing positions over the past two years, a &#8230;<\/p>\n","protected":false},"author":99,"featured_media":1292932,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[3620,6178,10706,6984,12592,3939,12169,12368,5529,3634,4701,7621],"class_list":["post-1840095","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire","tag-biden","tag-credit","tag-deserves","tag-industry","tag-lap","tag-leader","tag-manufacturing","tag-sector","tag-strong","tag-trump","tag-union","tag-victory"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1840095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1840095"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1840095\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1292932"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1840095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1840095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1840095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}