2012 State of the Union Fact Sheet: Overview to Support U.S. Manufacturing Jobs, Discourage Outsourcing, Encourage Insourcing
In his State of the Union address on Jan. 24, 2012, President Barack Obama encouraged companies to create manufacturing jobs in the United States while removing deductions for jobs creation overseas. In the fact sheet, Obama proposes a revenue-neutral reform package to support manufacturing, discourage outsourcing, and encourage insourcing that Congress should act on immediately.
Obama laid out six proposals to Congress to encourage job growth in the United States and to close tax loopholes that encourage the shifting of jobs and profits overseas. The president also calls upon Congress to extend current temporary tax incentives and advance fundamentionals tax reforms that would encourage more investment in America, a lower rate for American manufacturing, and a simpler, broader tax code.
More on the 2012 State of the Union
- News article on the 2012 State of the Union, with analysis from the Alliance's Policy Team
- White House's blueprint and full list of SOTU fact sheets on jobs, energy and education
- Alliance President Kateri Callahan's reaction to the 2012 State of the Union
