Manufacturing Incentives in Budget Proposal
The WSJ reports that:
President Barack Obama‘s budget request to Congress Monday will include billions of dollars to boost infrastructure spending and incentives for manufacturers. The budget includes more than $350 billion in short-term measures for job growth, and a six-year, $476 billion proposal for roads and other surface transportation projects, according to draft documents viewed by Dow Jones Newswires and The Wall Street Journal.
His budget will also call for tax incentives for companies that create jobs in the U.S. and doubling the deduction for advanced manufacturing. The budget also proposes a “Manufacturing Communities Tax Credit” to encourage investment in communities affected by job loss.
The president has laid out his blueprint for the economy and says an economy that’s built to last is “an economy built on American manufacturing, American energy, skills for American workers, and a renewal of American values.”